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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (27063)	10/8/2008 7:16:48 PM
From: LoneClone	Read Replies (1) \| Respond to of 193970

Japan's spot indium trade lackluster on missing buying interest Singapore (Platts)--7Oct2008 platts.com The spot trade for indium imported into Japan remained lackluster this week on the extreme lack of buying interest, market sources said Tuesday. Despite the return of Chinese producers and traders from a week long holiday break, sources lamented that no deals were heard done this week. "The market is very quiet," one Japanese trader said, summarizing the same sentiment for all other industry sources. Another Japanese trader said many Japanese buyers were delaying their purchases as their stockpiles remained high. "Buyers are not that keen to buy now as they have bought quite a bit when prices were low. Suppliers are also not very aggressive," one Japanese trader said. A Chinese trader, who had sold at $535/kg CIF Hong Kong prior to the one week holiday break in China, said limited raw material had kept prices steady. A Taiwanese source concurred that it was pointless for Chinese suppliers to lower prices as production costs has remained high and most of the Japanese consumers' stocks could last them until the end of the year. Platts assessment for grade 99.99% indium ingot remained at $480-540/kg CIF Japan this week, unchanged from the previous week. --Alvin Yee, alvin_yee@platts.com