[SMM Spot Indium Weekly Review] Indium prices fell

Indium prices were stable and slightly declined last week. The fundamentals of the indium market have not changed much after the Chinese New Year holiday. The market prices are temporarily stable. The sentiment of both bulls and bears in the market is dull. The supply and demand pattern has not fundamentally changed. Currently, on the supply side, manufacturers are shipping normally, and manufacturers' production progress has not changed significantly. However, many manufacturers report that crude indium raw materials are still in short supply and the price is also high. From the perspective of demand, the performance is also slightly weak, and the terminal stocking after the Chinese New Year holiday is not enthusiastic. Speculative funds were low. By the end of last week, the SMM price of refined indium was 1960-2010 yuan/kg, and the average price dropped by 20 yuan/kg compared with the previous week.

According to official news obtained by SMM, a company in Guangxi will sell a batch of indium ingots in stock in accordance with production and operation arrangements, with a quantity of about 15 tons. According to market sources, the final transaction price was around 1,955 yuan/kg with a company in Guangdong. Last week, a company in Henan also launched a bidding for 20 tons of its indium ingots. The bidding was expected to end before 17:00 on March 4, 2024. Current market sources say the start price is 1,900 yuan/kg, and the volume of bid is not less than 10 tons. And the deposit is about 200,000 yuan. The bidding market has been extremely active recently.