[SMM Indium spot Weekly Review] Indium market price remains stable (2020.5.18 Mel 2020.5.22)

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SMM May 22nd: in late May this week, indium market prices remain stable, the market trading situation has not changed much compared with before, the terminal still adhere to the principle of on-demand procurement, price comparison procurement, coupled with a small amount of speculative demand still exists, the market inquiry activity is still high, valid orders and transactions are also stable. From the point of view of foreign consumption, the overall situation is still little changed compared with the previous period, and it is still light. Recently, the price of indium has been stable for a long time, so that the sellers have gradually begun to try to raise the price, moving the focus of the quotation upward. By the end of this week, the price of SMM refined indium is 920-950 yuan / kg, the average price remains the same as last week.

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The crude indium market still tends to be strong recently, and people in the resource market say they are relatively nervous. According to the reaction of the market participants, the price of crude indium sellers is still relatively strong. However, judging from the current situation, as the demand expectation of the market is not entirely optimistic in the short term, the possibility of a breakthrough and rise in market prices in the later period is still not too great, and we should not be too optimistic about the future.