CHINA INDIUM SNAPSHOT: Falling futures weigh on spot price; watch-and-wait approach prevails

September 18, 2020 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing session in China on Wednesday September 16.

Key drivers Domestic suppliers slashed their offer prices to facilitate deals after buying interest waned following declines in futures prices on the Wuxi Stainless Steel Exchange. The October indium contract on the exchange, for instance, closed at 1,130 yuan ($167) per kg on Wednesday, down by 19.1% from a close of 1,396 yuan per kg a week...

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