20 Jun 07 – Whenever summer approaches, market remains slow, and participants reported to Asian Metal that the price of antimony trioxide is dropping a little in America.
An executive from an American pigment producer told Asian Metal that the latest offer he received was USD2.48/lb d.d.p. and the price for the same material hovered at USD2.50-2.55/lb d.d.p. in the last five months. The material he inquiries is Twinkling Star 99.8%min antimony trioxide, and it has to meet certain specifications.
“This is the first time this year that we received price lower than USD2.50/lb d.d.p.” said the executive. As most manufactures will close plants for two weeks in summer, the plant is planning to close for maintenance in August.
A Chinese representative who is located in east coast said that the current price of standard 99.5%min antimony trioxide is in the range of USD2.30-2.40/lb d.d.p. The same material was sold in the range of USD2.35-2.40/lb d.d.p. at the beginning of June.
And yesterday, the Chinese Ministry of Commerce confirmed the cancellation of 5% export rebate for antimony trioxide. The news cheered the western antimony trioxide producers. However, the representative revealed to Asian Metal that he suspected lots of the material in the international market were smuggling materials and they make the legal material less competitive. The cancellation of export rebate will encourage the behavior in the future and lead the market further into chaos.
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DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Sam Xu
Tel: 86-755-83474911
Fax: 86-755-83474980
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E-mail: xubiao_1996(at)hotmail.com samjiefu(at)gmail.com
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