India: Buyers Seeking Bargains

Sluggish activity and weaksentiment amid persistent bankruptcy rumors. Buyers looking for bargains andsense suppliers are under pressure. Cutters despondent due to low profitability,even after rough-price cuts. Manufacturers reducing production or shifting tolow-cost items to keep workers occupied. Polished inventory levels high, butshortages emerging in popular categories such as top-make SIs (3X,no-fluorescence).

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