Indium market summary Jul 16-20

BEIJING (Asian Metal) 23 Jul 07 – Indium market is stable this week, with most participants watching the market. The prices of indium 99.99%min are at RMB4,100-4,400/kg (USD542-582/kg) and USD600-640/kg for domestic sales and exports respectively in China, unchanged compared with last week.

The price of indium 99%min is at RMB3,300-3,500/kg (USD437-463/kg) VAT included this week, stable compared with that last week. Many crude indium smelters halted production for months, holding their stockpiles for higher prices. In combination of reluctance to sell and low demand for crude indium, there are not many conclusions in the spot market.

Refined indium smelters are trapped with low demand from foreign buyers, especially Japanese ITO manufacturers. Because Japanese consumers shift their purchases to South Korea, Canada and other regions, reducing demand from Chinese spot market. Only long-term contract supply is going on, with a little indium contracted to Japan in the spot market.

Japanese ITO manufacturers depend on long-term contracts, recycled indium and inventories to meet their demand, seldom buying indium from the spot market. Therefore, market players believe that the indium market may have to wait its chance to go up until next year.

The price of indium 99.99%min is stable at USD660-700/kg in Europe, with many sources putting that the market may lose its chance to rebound within this year. Although the price is stable, there is not much business going, especially during the summer vacation.




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Best regards,

Sam Xu
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Chinese antimony market