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SMM News on May 16: This week, indium prices continued to decline rapidly. Although there have been relatively small changes in the fundamental aspects of the indium market since May, market demand has remained sluggish. The enthusiasm for purchasing in the downstream end-user sector of ITO targets has been weak, coupled with the wait-and-see attitude of speculative capital. Currently, bearish sentiment has dominated the market, and the negotiable margin for manufacturers' selling prices has been continuously expanding. However, transactions remain sluggish, with market prices continuing to decline at a relatively fast pace this week. From the perspective of market supply and demand, there has been no essential change in the supply-demand pattern. However, overall, there is a strong wait-and-see attitude in both the end-user and capital markets. As of the end of this week, the SMM refined indium price ranged from 2,480 to 2,530 yuan/kg. The tender market has also been very sluggish recently. According to official information obtained by SMM, Guangxi Huaxi Mining conducted a public tender sale for indium ingots in May 2025 today, with a starting price of no less than 2,520 yuan/kg. Before bidding, please be sure to comply with the requirements of the "Service Management Measures of Guangxi Sunshine Procurement Service Platform" and other relevant documents. Bidders are required to pay a bid bond: Two hundred and fifty thousand yuan (￥250,000.00), which should be paid through the bank account registered on the Guangxi Sunshine Procurement Service Platform and in accordance with system prompts. The bid bonds of unsuccessful bidders will be refunded within 5 days after the announcement of the transaction results. (3) The final successful bidder will be determined based on the principles of "price priority and time priority." During the bidding process, bidders should make their bids seriously and solemnly. Once a bid is accepted, it cannot be revoked. Name of the Purchaser: Guangxi Huaxi Nonferrous Metals Co., Ltd. Address: Within the warehouse of Laibin Huaxi Smelting Co., Ltd. Contact Person and Phone Number: Huang Zongtong 18878997989. Address of Guangxi Sunshine Procurement Service Platform: Guangxi State-owned Assets Trading Center, No. 18 Fenglin Road, Qingxiu District, Nanning City. Contact Person: Guangxi Sunshine Procurement Service Platform. Contact Information: 0771-5581051/0771-5715031. Market participants have indicated that although the current tight supply of crude indium raw materials in the market persists, due to the lack of effective recovery in end-use demand and the withdrawal of hot money from market speculation, many market participants still maintain a relatively pessimistic outlook on prices in May.
