While July platinum avoided a fresh new low for the move overnight, prices have fallen more than $195 since their late February highs. After some disappointing Chinese platinum import news earlier in the week, a resurgence of Euro zone debt fears and generally discouraging US economic news during the last three weeks, many traders feel that the platinum market may need a positive reception to the FOMC meeting results in order to find some measure of support. While there was some minor production problem news overnight from a smaller platinum producer in Africa, the platinum market recently has not seen any strong reaction from physical supply side news.