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Print[Ferro-Alloys.com] The Chinese indium market held steady in mid-Dec on the heels of firm investment demand and unyielding market conditions. According to sources, the market has been noticeably tight due to strict environmental regulations that continue to impact production volumes and cause a shortage of crude indium. Most producers are withholding material and are reluctant to sell below RMB4,600-4,650 (USD760-769) per kg VAT included. The Chinese government sought to purchase 100 mt of indium for stockpile earlier last week (Dec 9th- Dec. 13th); however, the tender failed to materialize. Suppliers were unwilling to accept the government’s bid price of RMB4,430 (USD732) per kg substantially below recent spot prices. The current Fanya Exchange’s stock level has reached 1,925 mt, compared to last week’s 1,895 mt.
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