CHINA INDIUM SNAPSHOT: Price underpinned by rising futures, tight availability of spot cargoes

August 21, 2020 / www.metalbulletin.com / Article Link

Key data from Fastmarkets' pricing session in Shanghai on Wednesday August 19.

Key driversDomestic suppliers held their offer prices firm and showed reluctance in compromising after continuous gains in futures prices on the Wuxi Stainless Steel Exchange buoyed market sentiment this week.The comparatively limited availability of tradable spot cargoes also contributed to the strength in the metal's spot price; some traders refrained from offering in anticipation of...

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