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Indium falls as buying weakens in USA, Europe

June 06, 2011 - 11:29 GMT Location: London

KEYWORDS: MB , indium , Europe , US , China , Japan , Korea , stocks , demand

Indium fell on Friday as sources reported weakening sentiment in European and US markets

MB Rotterdam-basis indium fell to $780-870 per kg on Friday, from $800-870 previously, as sources reported softer buying. “There has been a fairly quick adjustment on the downside. The buying side has softened,” a US trader said as he reported buying material at around $780 per kg. “There are still reports of strong sales into Japan for high grade material, but the market is certainly weaker here,” he added. Sales into Japan remain strong, but the achievable price...

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