BEIJING (Asian Metal) 29 Jun 07 – In the passed week, European market participants told Asian metal that they were receiving lower antimony prices from China, however, consumers are still reluctant to buy.
A German trader disclosed that the offers of antimony he received is in the range of USD5,100-5,350/t CIF Rotterdam, and the price covers all grades. According to him, the suppliers who offered 99.65%min grade two low bismuth antimony ingot at USD5,100/t CIF Rotterdam is one of the biggest suppliers in China, and he considered the material source “legal and reliable”.
According to the trader, the only inquiry he received in the last few weeks was from a consumer who is looking for material for third and fourth quarter. “He asked price at under USD5,200/t CIF Rotterdam, and I actually think it is possible now as the offers from China is decreasing.”
The source thinks price is likely to go down further as there are few consumers in the market now as summer is already taken its toll in Europe. “If suppliers want to sell their material, they will have no other choice but to lower the prices again.”
A UK trader agreed with him that the price of standard grade two antimony ingot had already fallen to USD5,100/t CIF Rotterdam, and grade one or even grade zero are offered at around USD5,200-5,250/t CIF Rotterdam. “There is no business.” The trader thinks market will keep dull in the next 5-6 weeks, and recovers from the middle of August when people come back from holidays.
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