Indium Market Report November 2012
2012-12-19 08:52:42 【Print】
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Chinese indium metal market was lackluster in November. The price of indium metal stayed at RMB3,400-3,500/kg (USD546-562/kg) VAT included in early and middle of November and then declined slightly to RMB3,350-3,450/kg (USD538-554/kg) VAT included in late November with a down range of RMB50/kg (USD8/kg) VAT included. On the one hand, since rates of indium metal 99%min keep at RMB2,800/kg (USD449/kg) VAT excluded firmly, producers have a consensus that they will not offer lower quotations in the near future
. In fact, they hold their stock and are unwilling to sell at the current prices . On the other hand, end-users are inclined to watch the market further instead of making purchase actively . The market maintained sluggish in November and it is estimated that the market will not fluctuate largely in the coming month .