SMM, July 5 / PRNewswire-Asianet /-
This week, the domestic indium market is still light, demand continues to be weak, trading is less; the price has not changed significantly, but the high price quotation is no longer strong.
Today, the transaction price of SMM refined indium is 1100 to 1140 yuan / kg, while that of SMM crude indium is 1020 to 1060 yuan / kg, which is the same as last week.
Due to the poor market, the production enthusiasm of crude indium manufacturers is not high, the supply is limited, the price of crude indium is relatively strong.
However, the market of refined indium at home and abroad is bleak. Foreign media quotations remained unchanged this week, at US $155 to US $175 / kg. Domestic manufacturers changed the firm quotation situation in June, take the initiative to lower prices to promote transactions; however, terminal consumption is unusually calm, in addition to rigid demand procurement, there is no more replenishment behavior. Overall, the market lacks confidence in future trends, and actual transactions are still within the SMM price range.
At the same time, the domestic speculative market has become increasingly weak this week, prices have adjusted downward several times, and trading volume has been minimal.
"View the historical price of SMM exclusive indium
In the first week of July, indium got off to a light start. SMM expects the domestic market to stabilize and weaken next week.