Likelihood of Fanya indium auction stunts buying activity

The possibility of another auction of indium stock held by the defunct Fanya Metal Exchange has weakened the buying appetite of consumers both in China and abroad.

Word had circulated in the market since last week that around 20-100 tonnes of indium held in Fanya’s warehouses could be auctioned by the end of May, market sources told Fastmarkets MB. Officials from the Alibaba online platform, where 34.64 tonnes of Fanya indium stock was auctioned last month, could not be reached for comment at the time of writing. “I heard the news too. Though there has been no official news, I feel it might be true....

Published

Amy Lv

May 15, 2019

15:49 GMT

Shanghai