Indium Market Report January 2013
2013-02-06 09:03:41 【Print】
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The Chinese indium ingot market continued to move slowly in January. Due to weak demand from downstream industry, end users were in no hurry to make purchase and inclined to hold wait-and-see attitudes toward the market, which resulted in few inquiries and sporadic deals in the spot market. However, even if suppliers were under pressure to conclude deals, they had no plans to lower their quotations further for they think the price level of RMB3,350-3,450/kg (USD537-554/kg) VAT included had reached the bottom. On the contrast, impacted by the tight supply of raw materials, prices of indium ingot rebounded to RMB3,450-3,550/kg (USD554-571/kg) VAT included at the end of the month. In fact, some producers lacked enthusiasm to sell materials due to the low price level and began to hold their stocks and watch the market due to the approaching of Spring Festival. At the same time, demand from overseas markets remained weak as well and transactions in the spot market kept scarce except stable deals based on contracts. Market participants think that the Chinese indium ingot market will be likely to see increasing prices again after the Spring Festival holidays due to the tight supply of crude indium.
