Spot indium prices soft, seen near bottom

Nov 29, 2007 | 12:48 PM | Matthew Lerner

Indium prices in the United States remain soft after months on a downslope, but some trade sources say the market might have bottomed out.

Spot indium prices are between $500 and $600 per kilogram, down from $600 to $650 previously, but sentiment seems to be shifting as traders see a bottom to the market and a possible reversal of recent downward momentum.

"I think the market is primed to go up," said one trader, who put the market at $600 per kg. for good-quality indium tin oxide of 99.99-percent (four nines) purity. "Demand from liquid-crystal display (LCD) producers is booming. Demand is strong across the board. I don't see anything on the downside."....

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