Chinese indium ingot prices move up
2024-04-30 08:19:47 [Print]
BEIJING (Asian Metal) 30 Apr 24 - Chinese indium ingot 99.995%min producers lift the prices to test market over the past week, while most downstream consumers hold watchful attitudes. Currently, the mainstream prices of Chinese indium ingot 99.995%min increased to RMB2,430-2,480/kg (USD335-342/kg) EXW D/P, up by RMB30/kg (USD4.14/kg) from late last week. Insiders believe that the prevailing prices of Chinese indium ingot 99.995%min would increase further in the upcoming days given that most suppliers intend to raise their prices further.
A producer in Hunan mentions that they refuse to sell indium ingot 99.995%min at prices less than RMB2,430/kg (USD335/kg) EXW D/P at present, while they considered selling at prices no lower than RMB2,400/kg (USD331/kg) two days ago. They last sold around 200kg at RMB2,400/kg (USD331/kg) early last week. The trader said, "Some buyers purchase actively from electronic trading market and the prices of crude indium ingot increased over RMB2,320/kg (USD320/kg) EXW D/P now, therefore we forecast that the mainstream prices of Chinese indium ingot 99.995%min would continue increasing in the following days".
The producer, based on a production capacity of 120tpy of indium ingot 99.995%min, expects to produce around 9t this month, in line with with last month. They hold no stocks presently, unchanged from late last month.
A trader in Hunan mentions that they consider sell indium ingot 99.995%min at prices no less than RMB2,500/kg (USD345/kg) EXW D/P at present, while they still could accept the price as low as RMB2,470/kg (USD340/kg) EXW D/P early last week. They totally sold around 1.5t at RMB2,500/kg (USD345/kg) over the past week. "We forecast that the mainstream prices of Chinese indium ingot 99.995%min still have room to go up in the following days given that most producers hold back from selling at low prices and intend to raise prices due to high raw material prices", the trader said.
The trader, based on a regular monthly trading volume of 10t of indium ingot 99.995%min, holds around 8t of stocks now, unchanged from the end of last month. They expect to sell around 10t this month, in line with last month.
A producer in Hunan mentions that they refuse to sell indium ingot 99.995%min at prices less than RMB2,430/kg (USD335/kg) EXW D/P at present, while they considered selling at prices no lower than RMB2,400/kg (USD331/kg) two days ago. They last sold around 200kg at RMB2,400/kg (USD331/kg) early last week. The trader said, "Some buyers purchase actively from electronic trading market and the prices of crude indium ingot increased over RMB2,320/kg (USD320/kg) EXW D/P now, therefore we forecast that the mainstream prices of Chinese indium ingot 99.995%min would continue increasing in the following days".
The producer, based on a production capacity of 120tpy of indium ingot 99.995%min, expects to produce around 9t this month, in line with with last month. They hold no stocks presently, unchanged from late last month.
A trader in Hunan mentions that they consider sell indium ingot 99.995%min at prices no less than RMB2,500/kg (USD345/kg) EXW D/P at present, while they still could accept the price as low as RMB2,470/kg (USD340/kg) EXW D/P early last week. They totally sold around 1.5t at RMB2,500/kg (USD345/kg) over the past week. "We forecast that the mainstream prices of Chinese indium ingot 99.995%min still have room to go up in the following days given that most producers hold back from selling at low prices and intend to raise prices due to high raw material prices", the trader said.
The trader, based on a regular monthly trading volume of 10t of indium ingot 99.995%min, holds around 8t of stocks now, unchanged from the end of last month. They expect to sell around 10t this month, in line with last month.
