Strong up trend of indium continues
2005-01-24 09:04:27 【Print】
BEIJING(Asian Metal) 24-Jan-05 Just as all suppliers expected, the strong up trend of indium continues with the price climbing up to $910-940/kg from $900-930/kg in the past two days.
A trader from HongKong confirmed that the price keeps soaring. He said, "The concluded price of indium in European market has hit $940-950/kg yesterday. In view of the current tight supply, I am confident that the price would reach $1,000/kg in the near future."
"Although we have some stocks on hand, we don't plan to sell. And we will keep watching the market in the coming days for higher prices, "said the source.
"We want to buy some indium. Whereas a supplier offered its 200 kilogramme indium at $1,000/kg. It is such a high price that we cannot accept presently, "disclosed by another HongKong trader. The spokesperson told Asian Metal that consumers in European have to pay $980/kg to get the material presently.
Meanwhile, it seems that all the suppliers are reluctant to sell indium for the moment as they are watching the market and waiting for higher prices.
"We don't plan to sell our 200 kilogramme indium stocks at present since we believe there is still certain room for the price to go up further, "said a Hunan-based smelter.
A trader from HongKong confirmed that the price keeps soaring. He said, "The concluded price of indium in European market has hit $940-950/kg yesterday. In view of the current tight supply, I am confident that the price would reach $1,000/kg in the near future."
"Although we have some stocks on hand, we don't plan to sell. And we will keep watching the market in the coming days for higher prices, "said the source.
"We want to buy some indium. Whereas a supplier offered its 200 kilogramme indium at $1,000/kg. It is such a high price that we cannot accept presently, "disclosed by another HongKong trader. The spokesperson told Asian Metal that consumers in European have to pay $980/kg to get the material presently.
Meanwhile, it seems that all the suppliers are reluctant to sell indium for the moment as they are watching the market and waiting for higher prices.
"We don't plan to sell our 200 kilogramme indium stocks at present since we believe there is still certain room for the price to go up further, "said a Hunan-based smelter.
