Antimony market keeps slack 2007-5-17

BEIJING (Asian Metal) 17 May 07 – Sources informed that antimony market keeps slack and prices remain stable at RMB39,000-40,000/t (USD5,078-5,208/t) ex works for 99.65%min antimony ingot and around RMB36,000/t (USD4,688/t) ex works for antimony trioxide.

A Hunan-based producer said that they quote RMB40,000-40,500/t (USD5,078-5,273/t) ex works for 99.65%min antimony ingot, however, few deals were conlcuded due to low deamnd. The source also confirmed antimony trioxide market is not optimistic either, with prices around RMB36,000/t ex works (USD4,688/t) for good quality material.
According to the source, the main reason for the market sluggish is that consumers still have materials on hand. Once they begin to make up stocks, the situation will turn better.

The smelter, one of the approved suppliers for antimony products, is running regularly.

A Guangzhou-based trader revealed that the company mainly deals with antimony ingot, but the market is so disappointing that they intend to stop the business for a while. “Prices stabilize at RMB39,000-40,000/t (USD5,078-5,208/t) ex works, but inquiries are few,” said the source.

The source believed it would take a long time for the market to recover unless there is a turnaround in export market.





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DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Sam Xu 许彪
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