Antimony Indian price stable despite weak demand

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2007-5-17 14:28:44

BEIJING (Asian Metal) 17 May - Price for antimony 99.65%min trade in India was reported stable yesterday at around USD5,400-5,450/mt CIF Nhava Sheva and INR290-310/kg in internal market, although one New Delhi trader reported securing slightly lower prices of around USD5,350/mt CIF Mumbay.

Indian purchase of material was weak, with tonnages concluded remaining nominal. Across India, buyers are still reluctant to obtain material at the current price and demand has decreased notably, industry analysts reported to Asian Metal.

India's domestic prices for antimony were stabilizing, traders said. “Antimony is one of the important basic chemical raw materials and also one of the most important product in the chemical industry,” commented a dealer,” The national industry is increasing but demand is decreasing. The reason is that consumers are tired of high prices and after holding off purchases now they are using substitutes.”

A second dealer reported that some colleagues have stopped dealing with the material as is not profitable. “I concluded a sale of 3t of antimony ingot at USD5,400/mt Nhava Sheva,” stated the source, “But I have no more inquiries to answer. Chinese are waiting for demand to back to the spot market to do business but demand in India is weakening.”



Sam Xu
Sales Engineer

DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
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