Trading lighter indium prices continue to weaken-SMM indium spot weekly report (2019.12.09-2019.12.13)

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SMM, 13 Dec:

Indium prices continued to weaken this week. Towards the end of the year, market participants reflected that the demand downstream was becoming lighter and more serious, the inquiry was few, it was very difficult to form a single, the situation of export orders was also getting more and more desolate, and the whole downstream consumption seemed to have entered a rest. and the market on the price trend pessimistic impact of speculative demand is also basically stagnant. Indium market supplier shipment is still active, low-cost resources continue to impact the market. By the end of this week, the price of SMM refined indium was 940-990 yuan / kg, down 20 yuan / kg compared with last week. Some market participants said that at present, there are a lot of low-priced resources in the market, which also proves that there will be a period of withdrawal of funds. In such a period, it is expected that low-priced resources will continue and appear in large numbers. At present, the market trading is like a pool of stagnant water, extremely cold, in the case of no improvement in demand, market prices are expected to continue to decline.

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Recently, the price of crude indium has also gone down with the price of refined indium. Although crude indium still has a certain profit margin, crude indium is still very few inquiries and seldom traded. In addition to the purchase of some production enterprises on demand, there is almost no speculative stock. Recently, there is unverified grapevine that Pan Asia will also auction indium ingots by the end of the year. At present, such news does not have much direct impact on the already weak indium market. It is expected that the weakness of the indium market will continue.