Hong Kong (Platts)--20Nov2012/412 am EST/912 GMT
Spot prices for Chinese-origin indium ingot (minimum 99.99% purity) imported into Japan held steady at $510-530/kg this week, unchanged from last week due to an absence of import deals, Asian industry sources said Tuesday. Prices for Taiwan-origin indium ingot also stayed flat at around $490-510/kg CIF Japan. A Chinese trader said his offer prices were now at $510/kg FOB Hong Kong. "Prices are steady and I'm still keeping some stocks at the Hong Kong warehouse," he said. "Demand from Japan has been very slow-moving and we have not exported indium for quite some time." Article continues below...Sign up to Metals DailyPlatts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
Spot prices for Chinese-origin indium ingot (minimum 99.99% purity) imported into Japan held steady at $510-530/kg this week, unchanged from last week due to an absence of import deals, Asian industry sources said Tuesday. Prices for Taiwan-origin indium ingot also stayed flat at around $490-510/kg CIF Japan. A Chinese trader said his offer prices were now at $510/kg FOB Hong Kong. "Prices are steady and I'm still keeping some stocks at the Hong Kong warehouse," he said. "Demand from Japan has been very slow-moving and we have not exported indium for quite some time."
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Platts Metals Daily offers prices, news and analysis for the aluminum, copper and molybdenum value chains. It contains hundreds of metals prices across base, minor, light and precious metals assessed by editors globally. This detailed report will help you monitor global events and quickly spot opportunities or potential pitfalls as well as bring you aluminum and copper price and news coverage. Daily prices and news for molybdenum are also covered to deliver critical insights.
A Japanese trader said prices were static on a lack of spot activity. "Demand for indium from ITO [indium tin oxide] producers has been weak, affected by reduced production of LCD panels in the country," he said. ITO is used in liquid crystal display panels but demand for LCD panels is weak in Japan, the Tokyo-based trader said. The trader added he had recently received offers from Taiwan at around $500/kg on a CIF basis but no deals had been concluded so far. A Taiwan trader said recent spot deals were settled at around $490-500/kg FOB Taiwan. "Exports to Japan were settled at around $505/kg CIF Japan. Prices have been stable for the past month...Demand for indium ingot in Japan remains slow-moving without much trading activity going on," she said, adding that her company also exported the material to the US and some European countries. China currently imposes a 5% export tax on indium ingot and therefore its export prices are higher than those in Taiwan. --Wendy Shair, newsdesk@platts.com --Edited by Martin O'Rourke, martin_orourke@platts.com
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