Chinee crude indium ingot market sees limited deals
2024-04-23 08:28:30 [Print]
BEIJING (Asian Metal) 23 Apr 24 - Encouraged by high prices of indium ingot 99.995%min, Chinese crude indium 99%min producers generally hold back from selling with high quotations now. The current mainstream prices of Chinese crude indium 99%min move up to RMB2,350-2,400/kg (USD324-331/kg) EXW D/P, up by RMB400/kg (USD55.24/kg) from early last week. Market participants forecast that the mainstream prices of Chinese crude indium 99%min would remain strong in the upcoming week as producers generally stay in no hurry to sell despite that most downstream clients hold watchful attitudes.
A producer in Guangdong discloses that they did not conclude any deal of crude indium 99%min since early this month, when they closed at least one deal. They could accept the price as low as RMB2,380/kg (USD328/kg) EXW D/P now, while still insisted on RMB1,975/kg (USD272/kg) EXW D/P early last week. They last sold around 1t at RMB1,950/kg (USD269/kg) early this month and then keep watching the market. The producer said, "Given that most suppliers intend to hold prices firm with high quotations while the downstream stood on sidelines towards the current prices, we believe that the mainstream prices of Chinese crude indium 99%min would hover at the current level in the upcoming week."
The producer, based on a production capacity of 60tpy of crude indium 99%min, expects to produce 1t this month, without much change from last month. They hold around 1t of stock now, unchanged from the end of last month.
Another producer in Guangxi confirms that they did not sell crude indium 99%min since early this month while they concluded 2 deals at that time. They have no intention to sell at prices lower than RMB2,400/kg (USD331/kg) EXW D/P now, while they could accept the price as low as RMB2,000/kg (USD276/kg) early last week. They prefer to watch the market and hold back from selling as they hold optimistic attitudes towards the market in the upcoming days. The producer said, "We believe that the mainstream prices of Chinese crude indium 99%min would show an firm trend in the upcoming week supported by high prices of indium ingot 99.995%min".
The producer, with a production capacity of 60tpy of crude indium 99%min, holds around 8t of stock now, unchanged from the end of March. They expect to produce about 1t in April, the same as last month.
A producer in Guangdong discloses that they did not conclude any deal of crude indium 99%min since early this month, when they closed at least one deal. They could accept the price as low as RMB2,380/kg (USD328/kg) EXW D/P now, while still insisted on RMB1,975/kg (USD272/kg) EXW D/P early last week. They last sold around 1t at RMB1,950/kg (USD269/kg) early this month and then keep watching the market. The producer said, "Given that most suppliers intend to hold prices firm with high quotations while the downstream stood on sidelines towards the current prices, we believe that the mainstream prices of Chinese crude indium 99%min would hover at the current level in the upcoming week."
The producer, based on a production capacity of 60tpy of crude indium 99%min, expects to produce 1t this month, without much change from last month. They hold around 1t of stock now, unchanged from the end of last month.
Another producer in Guangxi confirms that they did not sell crude indium 99%min since early this month while they concluded 2 deals at that time. They have no intention to sell at prices lower than RMB2,400/kg (USD331/kg) EXW D/P now, while they could accept the price as low as RMB2,000/kg (USD276/kg) early last week. They prefer to watch the market and hold back from selling as they hold optimistic attitudes towards the market in the upcoming days. The producer said, "We believe that the mainstream prices of Chinese crude indium 99%min would show an firm trend in the upcoming week supported by high prices of indium ingot 99.995%min".
The producer, with a production capacity of 60tpy of crude indium 99%min, holds around 8t of stock now, unchanged from the end of March. They expect to produce about 1t in April, the same as last month.
