As the U.S. dollar is getting weaker in the last two weeks, antimony trioxide producers revised their offers, and American market participants reported to Asian Metal that price in U.S. is edging up slightly.
A U.S. trader revealed that the current prevailing price of 99.5%min antimony trioxide is in the range of USD2.5-2.55/lb delivered to customer, and the price for the same material was around USD2.45/lb two weeks ago. According to him, demand is regular compared to the previous years. “Although automobile industry is weak in America, plastic is in strong demand, so the total demand remains stable,” remarked the source.
He pointed out that the U.S. dollar is depreciating in the world market against Chinese RMB and European EURO, so the Chinese suppliers do not want to bear the loss “They have revised the offers and selling at more expensive prices now,” said the trader who takes that with the fix market operation mode, American consumers are not very sensitive to the prices, so as long as the price is acceptable, the customers are placing orders with their distributors.
An executive from a antimony trioxide consumer disclosed to Asian Metal that the last batch of the material he bought was one month ago at USD2.41/lb delivered to the plant, and he was asking for an offer from his supplier earlier this week which was a few cents higher at close to USD2.5/lb delivered to plant. Somehow, the source claimed that he did expect the price to go up.
“I was told by my supplier that antimony trioxide is getting more expensive because RMB is more expensive,” said the executive who believes price is more likely to remain strong for the rest of the year. “There is no sign that the American economy will recover anytime in this year, which means the currency exchange rate will remain weak for U.S. dollar. We may be more competitive in the export market now, but we buy material at higher prices from overseas.”
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