Antimony Price Continues to Adjust In High Position

The antimony market in August is still dull enough.The world antimony quote is stable at the level of USD5,450-5,550/MT. After the end of Summer Holiday, influenced by the expectation of consumption, the world antimony price rises slightly at the end of August. According to the Quote in UK Metal Bulletin on August 31, the quote has been increased by USD50 and reached to USD5,500-5,550/MT. The monthly average price of 99.65% antimony metal in the world market published by UK Metal Bulletin (MB) is USD5,460-5,550/MT in August


The Retrospection and Outlook of Antimony Market in August
The antimony market in August is still dull enough.The world antimony quote is stable at the level of USD5,450-5,550/MT. After the end of Summer Holiday, influenced by the expectation of consumption, the world antimony price rises slightly at the end of August. According to the Quote in UK Metal Bulletin on August 31, the quote has been increased by USD50 and reached to USD5,500-5,550/MT. The monthly average price of 99.65% antimony metal in the world market published by UK Metal Bulletin (MB) is USD5,460-5,550/MT in August.

At the beginning of August, part of smelting plants in Hunan Province has restored prodcution, which has once made the domestic market slightly panic. However, it became quiet before the end of the month. The quote in domestic market keeps at the level of RMB40,000-41,000/MT. Since the problem of environmental pollution has been solved, part of the smelting plants has opened again under the approval of the Environmental Bureau. Therefore, the output of China has been restored to some extent. It was said that two domestic large scale antimony mines �C Banxi Antimony Mine and Zhazixi Antimony Mine was still in the condition of shutdown. But according to the latest news, the two antimony mines has already put back on production early at the beginning of July.

Besides, it is know by one manufacturer in Hunan Province that at present there is a rapid increase of small scale companies in China that proceed production from waste slags.The accumulated producing output of these small companies can not be ignored. It seems that the market supply at present is still abundant. However, some traders think that there is still some difficulty in gainning the domestic raw mateials. The antimony price decreases by RMB1,000(equating to about USD133) from RMB41,000-42,000/MT to RMB40,000-41,000/MT just owing to the decrease of demand in China in the short run.

Meanwhile, although some smelting plants in Lengshuijiang area, Hunan Province, China have restored production and increased the supply of antimony, it is only about half of the normal output. They believe that with the end of the Summer Holiday, the world purchasers will return to the market to purchase metal and the market will have a chance to rise up again. The wait-and-see atmosphere in consumption covers the market in the first half year. Consumers indicate that they do not want to buy metal at a high price and they think Chinese sellers will certainly decrease the selling price. On the contrary, traders consider that the market price will not continue to decrease. They said the opinions of consumers is impractical. It is impossible that the buyers hope the buying price is lower than that in summer holiday.
It is known that during the Summer Holiday, the antimony price in European market was comparatively stable and no sign of weakening. Thus, with the end of the Summer Holiday, inquiries will begin to increase and the active degree of the market will have some changes. Since the export quantity of antimony products in the first half year has decreased, the market price will show certain change once the demand in the world market has been improved. It is estimated that the antimony market will basically present a trend of consolidation in high position and the world market price will rebound in September.

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