SMM1, January 8: on January 9, the Intermediate people's Court of Kunming City, Yunnan Province announced that it would hold a public judicial auction on the Alibaba Judicial Network auction platform of the Intermediate people's Court of Kunming City, Yunnan Province (website: http://sf.taobao.com/0871/03, household name: Kunming Intermediate people's Court of Yunnan Province) from 10:00 on January 17, 2020 to 10:00 on January 18, 2020. And after the announcement by the Yunnan Intermediate Court, the auction platform showed that people had signed up to participate in the auction.
The main object of this auction is 3609461.378 kg indium, which is stored in Kunming Warehouse of Shanghai Feiping Logistics Co., Ltd., Shanghai Warehouse of Shanghai Feiping Logistics Co., Ltd., Kunming Company Warehouse of Yunnan New Storage Logistics Co., Ltd., and Yunnan Company Warehouse of Sinotrans Yunnan Company.
On January 18, as someone had signed up for the auction a few days ago, the auction was successfully closed. According to the successful confirmation of the online bidding, 3609461.378 kg of indium metal was successfully photographed by Kunming Rongke New Materials Co., Ltd., which contributed 2.85 billion yuan.
Kunming Rongke New Materials Co., Ltd. has appeared in many previous auctions. In September 2019, at the germanium auction, Kunming Rongke outbid Chinalco (Chalco), the main domestic producer, for all germanium stocks. The auction volume of germanium is all germanium stocks in Fanya: 92.310 tons, with an initial price of 525 million yuan, equivalent to 5696 yuan / kg. After 29 rounds of bidding, Kunming Rongke New material finally closed for 554 million yuan, equivalent to 6010 yuan / kg.
At the auction on October 28, 2019, the new company, which had just been registered, sold 337.8 tons of selenium, 92.31 tons of germanium, 191.2 tons of gallium and 19200 tons of bismuth, totaling 1.365 billion.
Kunming Rongke New Materials Co., Ltd. was established on September 4 this year, and many market participants know little about the company. Most market participants speculate that it may have been pioneered by small metal producers, but it cannot be confirmed at the moment. Some participants said the company could also have the support of state-owned companies.
According to SMM, indium market prices rose as a whole this week, although near the Spring Festival, downstream demand and speculative demand did not change significantly, but the market trading activity this week compared with last week. Market participants said there was a heated debate in the market on Wednesday as a result of a one-time auction of indium ingots in Pan-Asia. Many market participants said that because the starting price of the second auction has not changed compared with the first auction, but the auction has been signed up, such a situation seems to be worth pondering. In this way, the market news suddenly greatly biased to the side of the profit, many suppliers began to raise prices to cherish the sale, and although the buyer did not follow up crazily, but also appeared a lot of the original wait-and-see groups began to actively buy goods. Many suppliers said that because the current shipment is easier than the previous period, so the move to raise the price is likely to continue. What impact the final outcome of the Pan-Asian auction will have remains to be seen. By the end of this week, the price of SMM refined indium was 900-950 yuan / kg, up 50 yuan / kg from last week.
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