The western indium market is reportedly still sideways; however, sources suggest that increases are likely in the near-term as demand has been on the rise and supply availability has tightened. According to sources, January demand has begun to rise, and as a result, could push prices up. “Producers are tied-up with contract sales, so spot supply is a bit tight,” said a source. “With nothing coming out of China, pressure is likely to build and prices will follow.” The spread in western indium prices has widened as inquiries have increased week-over-week. Prices are presently at $670- 710 per kg, compared to $680-700 per kg the week prior.

 

The Chinese indium market has held firm in recent weeks on the heels of strong, yet steady investment buying. According to sources, Chinese domestic producers are expected to shut down over the next few weeks in advance of the approaching weeklong Chinese New Year holiday. With the holiday slated for January 31, buyers have been more aggressive in stockpiling, sources said.

Prices for 4N indium metal have continued to increase and have reached 4,700-4,750 yuan ($778-786) per kg VAT included, a steady increase compared to 4,650-4,700 yuan per kg week-over-week. The stock level of Fanya Metal Exchange increased to 2,029 mt, compared to 2,000 mt the week prior.