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Wednesday, August 22, 2007
Antimony market summary Aug 2007
Antimony market saw another quiet week with both domestic sales and export business remaining slack.
Closed smelters in Hunan gradually resumed production, bringing more materials into the market. Coupled with weak demand, the antimony ingot market seemed to be quite dull. However, as antimony concentrate price remains high, smelters would not like to reduce offers further. Most smelters put their offers at RMB40,000-40,500/t (USD5,263-5,329/t) ex works for 99.65% antimony ingot and RMB40,500-41,000/t (USD5,329-5,395/t) ex works for 99.85% material. However, some smelters have reportedly concluded deals at RMB39,800-40,000/t (USD5,237-5,263/t) ex works with long-term buyers.
Antimony trioxide market softened a little affected by continuously weak demand. Mainstream prices decreased to RMB36,000-36,500/t (USD4,737-4,803/t) ex works from RMB36,300-36,800/t (USD4,776-4,842/t) ex works a week ago.
Meanwhile, the export market for antimony products did not see any improvement as foreign buyers still held back from purchasing. Traders reported slack business in export market. Foreign buyers showed no interest in offers of USD5,400/t FOB for antimony ingot and USD4,850/t FOB for antimony trioxide without famous brand. Meanwhile, the European spot market also kept silent as most participants were still absent from the market.
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Best regards,
Sam Xu
MSN: xubiao_1996@hotmail.com
GMAIL: samjiefu@gmail.com
SKPYE:jiefu1996
Fire retardant masterbatch
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