Chinese crude indium prices move up
2024-03-20 08:28:10 [Print]
BEIJING (Asian Metal) 20 Mar 24 - Most Chinese crude indium 99%min suppliers lifted their prices encouraged by limited stocks over the past three days. Therefore, the current mainstream prices of Chinese crude indium 99%min climbed to RMB1,900-1,950/kg (USD264-271/kg) EXW D/P, up by RMB20/kg (USD2.78/kg) from one week ago. Insiders forecasted that the mainstream prices of Chinese crude indium 99%min would remain steady in the upcoming days supported by limited stocks.
A producer in South China disclosed that their regular suppliers refused to sell crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P now, while they could accept the price as low as RMB1,910/kg (USD265/kg) one week ago. They last sold around 1t at RMB1,900/kg (USD264/kg) EXW D/P two weeks ago. "Most producers held back from selling with limited stocks at present and we had difficulty in replenishing inventory", said the producer. However, most consumers stood on sidelines towards the current high prices. Therefore, they believed that the prevailing prices of Chinese crude indium 99%min would keep firm in the upcoming days.
The producer, with a regular monthly trading volume of 3t of indium ingot 99.995%min, sold around 2t in February and estimated to sell 3t this month. They hold 2t of stocks now, unchanged from the end of last month.
A consumer in South China mentioned that that they failed to purchase crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P at the moment, while they purchased 1t at RMB1,910/kg (USD265/kg) one week ago. "As the other consumers purchased actively, most suppliers held back from selling with high quotations and we preferred to watch the market", said the consumer. Given that they held sufficient stocks, they stayed in no hurry to purchase at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The consumer, with a consumption capacity of 240tpy of crude indium 99%min, expected to consume around 8t this month, in line with last month. They hold 6t of stocks presently, unchanged from the end of last month.
A producer in South China disclosed that their regular suppliers refused to sell crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P now, while they could accept the price as low as RMB1,910/kg (USD265/kg) one week ago. They last sold around 1t at RMB1,900/kg (USD264/kg) EXW D/P two weeks ago. "Most producers held back from selling with limited stocks at present and we had difficulty in replenishing inventory", said the producer. However, most consumers stood on sidelines towards the current high prices. Therefore, they believed that the prevailing prices of Chinese crude indium 99%min would keep firm in the upcoming days.
The producer, with a regular monthly trading volume of 3t of indium ingot 99.995%min, sold around 2t in February and estimated to sell 3t this month. They hold 2t of stocks now, unchanged from the end of last month.
A consumer in South China mentioned that that they failed to purchase crude indium 99%min at prices lower than RMB1,930/kg (USD268/kg) EXW D/P at the moment, while they purchased 1t at RMB1,910/kg (USD265/kg) one week ago. "As the other consumers purchased actively, most suppliers held back from selling with high quotations and we preferred to watch the market", said the consumer. Given that they held sufficient stocks, they stayed in no hurry to purchase at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The consumer, with a consumption capacity of 240tpy of crude indium 99%min, expected to consume around 8t this month, in line with last month. They hold 6t of stocks presently, unchanged from the end of last month.
