Kunming Rongke won auction for 3,609 mt Fanya indium stockpile with 2.85 billion yuan bid

Published: Jan 19, 2020 10:27

Save

The winning bid, which was also the starting price for the auction, worked out to a price of 790 yuan/kg

SHANGHAI, Jan 19 (SMM) – Kunming Rongke New Materials on Saturday won the auction of 3,609 mt of indium metal stocks formerly held by the now-defunct Fanya Metal Exchange with a bid of 2.85 billion yuan, according to the official auction results posted on the Alibaba judicial online platform.

The winning bid, which was also the starting price for the auction, worked out to a price of 790 yuan/kg, the auction results showed.

SMM assessed the price of indium (≥99.995% In) at 925 yuan/kg on Friday January 17, up 50 yuan/kg from a week ago.

Saturday’s sale came after a previous auction at the end of last year failed to attract any bids.

The newly-established Rongke did not participate in the first indium auction, after it paid almost 1.4 billion yuan to win four previous Fanya auctions in October and November, picking up batches of germanium, gallium, selenium and bismuth.

Indium

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

24 mins ago

Longbai Group Raises Xuelian® Titanium Dioxide Prices by 1,000 Yuan/ton in China, $150/ton Internationally

[SMM Titanium Flash News] Longbai Group announced that starting from June 5, 2026, it will raise the prices of all Xuelian® titanium dioxide products: by 1,000 yuan per ton in the domestic market and by 150 US dollars per ton in the international market. This price adjustment is based on the current market situation, and the company will continue to monitor market dynamics in the future.

24 mins ago

26 mins ago

Taineng Chemical Raises Titanium Dioxide Prices by 1,000 Yuan/ton for Domestic, $150/ton for International Customers

[SMM Titanium News] Taineng Chemical has issued a price adjustment notice. Effective June 5, 2026, the sales prices of all grades of titanium dioxide will be increased: domestic customers will see a price increase of 1,000 yuan per ton, and international customers will see a price increase of 150 US dollars per ton. The price adjustment will remain in effect until the next price adjustment notice takes effect.

26 mins ago

27 mins ago

Lubei Chemical's Xianghai Tech Expands Chlorination TiO2 Capacity to 120,000 Tons Annually

[SMM Titanium Flash News] The expansion project of Xianghai Technology, a wholly-owned subsidiary of Lubei Chemical, with an annual production capacity of 60,000 tons of chlorination-process titanium dioxide, was successfully commissioned in one go on May 22, 2026, and has entered the trial production phase. This is a core move for the company to upgrade its product structure to high-end. After the project reaches full production, the company's total chlorination-process production capacity will reach 120,000 tons per year. The key points to watch are whether the trial production goes smoothly, the speed of capacity ramping up, and whether high-end products can bring the expected improvement in profitability.

27 mins ago