Higher indium still expected

BEIJING(Asian Metal) 25-Feb-2005 Although the price of indium climbed up over $1,000/kg as suppliers expected previously, it seems that they are still waiting for the price to hit another higher level in the coming days, and higher offers can be seen frequently.

Today, Huludao Zinc raised its offer to rmb10,000/kg, which was only rmb9,300/kg at early this month. "In view of the current tight supply, we raised our offer to rmb10,000/kg, "said a source from the smelter.Asian Metal Copyright And she is confident that buyers would accept that level soon in view of the current tight supply.Asian Metal Copyright expecing buyers would accept the offer in the near future.Asian Metal CopyrightToday, Huludao Zinc raised its offer to rmb10,000kg, which was only rmb9,300kg at early this month.Asian Metal Copyright

"Considering the prosperous market of LCD television, I think the market would be delightful in the coming weeks, "added the source.
According to him, it has 1 tonnes material in hand at present on a basis of more than 20tpy production capacity for indium.

“We concluded some indium last Friday at $1,030/kg fob. And today we raised our offer to $1,050/kg, “said a senior official from a Guangdong based smelter with 15tpy production capacity.Asian Metal Copyright Furthermore, even if they can resume production at early March, it would take at least one week to have output,“ said the source.Asian Metal Copyright And she is confident that buyers would accept that level soon in view of the current tight supply.Asian Metal Copyright And she is confident that buyers would accept that level soon in view of the current tight supply.Asian Metal Copyright

A source from a Hunan based smelter believed the price would rise further due to the continuous tight supply. “Most refined indium producers haven't started production in Hunan, and the tight supply of raw material also prevents them from resuming.Asian Metal Copyright"Considering the prosperous market of LCD television, I think the market would be delightful in the coming weeks, "added the source.Asian Metal Copyright Furthermore, even if they can resume production at early March, it would take at least one week to have output,“ said the source.Asian Metal Copyright Furthermore, even if they can resume production at early March, it would take at least one week to have output,“ said the source.Asian Metal Copyright "The coming Japanese new financial year would also stimulate the price to move forward.Asian Metal Copyright “We have no business since the price rose over $980kg, and European buyers lost passion to purchase, “said the source.Asian Metal Copyright”

The source disclosed that owing to shortage of raw material it has halted production.

While, at the same time, a Hong Kong trader remarked that the current market is just full of quotation, with few transactions reported to conclude. “We have no business since the price rose over $980/kg, and European buyers lost passion to purchase, “said the source.Asian Metal CopyrightWhile, at the same time, a Hong Kong trader remarked that the current market is just full of quotation, with few transactions reported to conclude.Asian Metal Copyright “But I think, the market would turn better after the return of Japanese next month, “added he.