SMM, July 12 / PRNewswire-Asianet /-
This week, the domestic indium market spot transaction is insufficient, the market wait-and-see mentality is heavy, the small amount of rigid demand transaction follows the market, the speculative trader starts very little, the overall market is weak, to the weekend SMM refined indium transaction price is 1100-1140 yuan / kg, the average price is the same as last week. Foreign media quoted price in 155-175 US dollars / kg, the average price is the same as last week, overseas summer break, inquiry purchase is rare, and foreign media price is lower than domestic, export trade into a loss, suppliers have difficulties, reduce supply or suspend quotation shipment.
The short position of the domestic speculative market is suppressed, and traders want to talk about this, and the purchase price is positive, but the indium market continued to probe in the first half of the year, and the pan-Asian auction inventory has not yet been solved, while the low price of indium materials is difficult to find, and the production of crude indium producers is negative. the shortage of available sources makes the price of crude indium relatively firm for the time being, and the actual transaction is in the range of 1030 to 1050 yuan / kg. The cost factors lead to the production of refined indium smelting producers is limited, and the inventory pressure is not great, although the transaction is difficult, but the profit delivery is also not recognized, so it is difficult for downstream traders or end users to lower the price, and the market is in a stalemate stage.
"View the historical price of SMM exclusive indium
Both sides of the deal are cautious and the market cannot be lively, so it will remain weak and stable next week unless the news is clear.