CHINA INDIUM SNAPSHOT: Price soars following significant gains in futures market

August 28, 2020 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 26.

Key driversDomestic suppliers raised their offer prices significantly following substantial gains in the futures market.The September indium contract on the Wuxi Stainless Steel Exchange closed at 1,198 yuan ($173.75) per kg on August 26, up by 24.8% from 960 yuan per kg at the close on August 19.A number of consumers with solid demand placed orders for some volumes at elevated offers in order to maintain near-term production.Both producers and traders were reluctant to sell large volumes...

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