Indium consumers try for lower contract prices
Nov 30, 2005 | 09:53 AM
| Sean Barry
Indium consumers are attempting to lock in low prices on long-term deals as softer market conditions allow them to negotiate more favorable terms, according to trade sources.
Prices on the spot market for the specialty metal-primarily used in flat-screen televisions-have tumbled in recent weeks after a weakening in demand sparked panic selling by smaller Chinese refineries.
The metal has fallen another $40 this week to a new range of $800 to $840 per kilogram for indium-tin-oxide (ITO) grade, but could begin bottoming out, according to traders.
Indium topped $1,000 per kg. earlier this year as demand from electronic companies soared on rising production levels. Fears that the spot market could reach new highs next year have prompted consumers to try to secure multiyear contracts at lower numbers.....
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