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Chinese indium prices rise as Guangxi raw material tightens

February 08, 2012 - 09:30 GMT Location: Shanghai

KEYWORDS: China , indium , Guangxi , prices

China’s indium prices rose again as the Guangxi pollution scandal encouraged sellers to hold back in wait of higher prices.

But overseas demand is yet to pick up, and may finally decide where indium prices will settle. On Wednesday February 8, refined indium was traded between 3,600-3,750 yuan ($571-595) per kg on the spot market, compared with 3,400-3,550 yuan per kg on Friday February 3, and it is getting hard for buyers to get materials. For crude indium, prices have risen to 3,250-3,350 yuan per kg, from 3,150-3,300 per kg Friday. Smelters are complaining about increasing difficulty in getting raw materials. “We have been sourcing one-third of our crude indium from Guangxi, yet we can’t get any...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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