Prices for antimony trioxide in the Chinese market remained at lower levels this week, as overseas buyers gradually recede from the spot market due to the coming Christmas holiday.
Export prices for 99.5%min antimony trioxide are about US$4,460-4,560/tonne FOB, equal to that seen over the past couple of weeks.
“Enquiries from the overseas market continued to reduce in recent days due to the coming of Christmas. Next week will be a pretty quiet week,” said a Guangxi-based trader, reporting that export prices for antimony trioxide remain at $4,460-4,560/tonne FOB this week.
A Guangdong-based trader reported that his company signed a contract at $4,480/tonne FOB, with cargoes delivered to an Asian state.
“The spot market is in a condition of stagnation now. I think the rumour of the Chinese government imposing an export tax on antimony supports the market to some extent,” said a Hunan-based trader.
At the moment, Chinese domestic prices for antimony trioxide are said to remain in the range of Rmb35,500-36,500/tonne ($4,539-4,667/tonne), largely unchanged since last week.
“I think the market will recover at the beginning of next year,” said an executive from a Hunan-based smelter.
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