Time is needed for the price rising - Antimony Market Analysis and Outlook of March

Time is needed for the rising of antimony market ---- market Analysis and Outlook on the antimony market of March
Zhao Zhenjun, Beijing Antaike Information Development Co., Ltd.
Antimony market has entered a long period of adjustment since last August ?of which trend remains dull in the first quarter of 2007 . The price fluctuates in the range of 5500-5600/Mt. Wait-and-see atmosphere in the international market continues to be shrouded, the industry began to worry, together with the Chinese Spring Festival holidays in February, the market is plain. Despite fluctuating international market prices, but optimistic opinions about the long-term view from the domestic producers and traders has not wavered. There are few enquiries but we always maintain the high trading price. The domestic quotations on the No2 antimony ingot stands on the level of in 41000-42000 RMB per metric ton.

Due to the dull market. The mid-March international spot market quotations once from the 5550-5600 USD TO 5500-5 600
USD per metric ton, there is also slight decline of domestic prices, although the price of antimony has been restored to the previous level. But market still less than satisfactory. The writer believes that the current market situation was mainly due to the supply shortfall is not clear. Besides, there was a significant increase in renewable antimony production to meet the market demand. However, in this case there are still manufacturers continue to hold the stock to proceed. They were of the opinion that the market is still reserving force, and sooner or later this will increase. In addition, according to the expression from European consumer traders, the European markets were only sporadic orders. Some people worry that not less than the procurement of raw materials, they now propose to establish a stock being not appropriate, only need to meet production needs. So Wait-and-see view on the market has not yet ended and rising-up period will be extended.

According to data published by the China Nonferrous Metals Industry Association. Current output of Feb is 10,340 tons of antimony in February month. The output of Jan and Feb is 23,238 tons, 31.79% growth over the same period last year. Hunan areas with the largest growth, the growth of 42.13% over the same period last year, a decrease of 17.40% in Guangxi region. 1-2 monthly production has grown rapidly and the industry is generally expected to increase in 2007 ,China's antimony output will be identical. It is believed that the entire 2007 antimony metal production will not increase too much.

According to customs statistics, February concentrate imports continue to maintain the decline trend, China imported 346.91 tons of antimony concentrate in current monthes, a total of 77.92% less than the corresponding period. Mining isexpected to increase in March with the resumption of the import volume. China's total exports of antimony goods in February is 10079.21 tons, totally increasing 18.52%. February, total exports of antimony oxide 8925.41 tons, increasing 40.44%; antimony ingot exports continually dropped, exported 450.2 tonnes in February, total exports of 692.3 tons, decreasing 63.19%. China's total imports of antimony goods from January to February is 1127.25 tons, for a total of 65.33% less than the corresponding period. Elimination of export tax rebate policy is a double-edged sword,limiting exports while also inhibiting imports. The imported antimony quantity of 2007 may be declined.

As far as long term is concerned Antimony market is good. Status of short supply of raw materials and high price has not changed, It is also the important reasons for the existence of high market level for a long time. 2007 antimony market consumption much more depand on China. The current stock market is very small. However, some rapid growth in the supply of antimony market is not conducive to the stability of the market. And no outstanding consuming hotspot. And the policy which people concerned on the performance of flame retardant products applied in the public places and combustion performance of the components has not yet come out. So it is forecasted that price adjusting period will continue to extend. High grew is still the keynote of the market within short preiod.




Best regards,
＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊
DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Sam Xu 许彪
Sales Engineer 　
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