Chinese crude indium prices firm
2024-03-27 08:27:08 [Print]
BEIJING (Asian Metal) 27 Mar 24 - Most Chinese crude indium 99%min producers kept their prices steady presently due to limited stocks, while most buyers still purchased from hand to mouth. The current mainstream prices of Chinese crude indium 99%min stand at RMB1,900-1,950/kg (USD263-270/kg) EXW D/P, without much change from late last week. Insiders predicted that the prevailing prices of Chinese crude indium 99%min would keep firm in the following week considering that most suppliers had no intention to change prices due to limited stocks.
A producer in Hebei mentioned that that they refused to sell crude indium 99%min at prices lower than RMB1,950/kg (USD270/kg) EXW D/P at the moment, in line with late last week. "We last sold around 1t at RMB1,930/kg (USD267/kg) two weeks ago", said the producer. Given that they held limited stocks, they stayed in no hurry to sell at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The producer, with a production capacity of 40tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold 1t of stocks presently, unchanged from the end of last month. They produced almost 33t in 2023 and around 8t so far in 2024.
A trader in Guangdong disclosed that they failed to purchase crude indium 99%min at prices lower than RMB1,945/kg (USD269/kg) EXW D/P today, without much change from late this week. "We last sold around 1t at RMB1,930/kg (USD267/kg) EXW D/P early last week", said the trader, adding that they send inquiries with target prices at around RMB1940/kg (USD268/kg) while failed to get the bids. Given the limited stocks, they had difficulty in replenishing inventory and believed that the mainstream prices of Chinese crude indium 99%min would stand at the current level in the following week.
The trader, based on a regular monthly trading volume of 3t of crude indium 99%min, expected to sell around 3t this month, in line with last month. They hold around 1t of stocks at present, in line with late last month.
A producer in Hebei mentioned that that they refused to sell crude indium 99%min at prices lower than RMB1,950/kg (USD270/kg) EXW D/P at the moment, in line with late last week. "We last sold around 1t at RMB1,930/kg (USD267/kg) two weeks ago", said the producer. Given that they held limited stocks, they stayed in no hurry to sell at present and believed that the mainstream prices of Chinese crude indium 99%min would show a firm trend in the upcoming days.
The producer, with a production capacity of 40tpy of crude indium 99%min, expected to produce around 3t this month, in line with last month. They hold 1t of stocks presently, unchanged from the end of last month. They produced almost 33t in 2023 and around 8t so far in 2024.
A trader in Guangdong disclosed that they failed to purchase crude indium 99%min at prices lower than RMB1,945/kg (USD269/kg) EXW D/P today, without much change from late this week. "We last sold around 1t at RMB1,930/kg (USD267/kg) EXW D/P early last week", said the trader, adding that they send inquiries with target prices at around RMB1940/kg (USD268/kg) while failed to get the bids. Given the limited stocks, they had difficulty in replenishing inventory and believed that the mainstream prices of Chinese crude indium 99%min would stand at the current level in the following week.
The trader, based on a regular monthly trading volume of 3t of crude indium 99%min, expected to sell around 3t this month, in line with last month. They hold around 1t of stocks at present, in line with late last month.
