Antimony participants suffer hardship

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2007-5-18 8:35:33
BEIJING (Asian Metal) 18 May 07 – Antimony participants are suffering hardship due to the sluggish market all over the world.

A Yunnan-based producer told Asian metal that prices drop below RMB40,000/t (USD5,208/t) ex work for 99.85%min antimony ingot this week. “We concluded some deals at about RMB40,500-41,000/t (USD5,273-5,339/t) ex works last week, but now it is nearly RMB2,000/t (USD260/t) lower,” said the source.

The source thought appreciation of RMB is one of the reasons that cause the market to be slack, besides fierce competition in antimony industry. Meanwhile, the source revealed that quotations of raw materials had broken through RMB30,000/t (USD3,906/t) ex work, leaving very thin profits to antimony producers.


The smelter, with an output of 400-500tpm for antimony ingot, is going to reduce production due to low demand and high production cost.

A Yunnan-based trader, one of the approved exporters for antimony products, informed that export market is slow. “The market is in deadlock, and it is very hard to conclude deals now,” said the source. “Prices for 99.65%min antimony ingot are around USD5,300-5,350/t FOB China and USD4,500-4,550/t FOB China for antimony trioxide, however, no one shows interest in purchasing.”

According to the source, smuggling is the main reason for the dull market. “Nobody knows when the market will turn better,” commented the source.




Sam Xu
Sales Engineer

DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Address: jiefu industrial park shuiping industrail district dalang town dongguan GD,P.R.C
Zip: 528770
Tel: 0086-755-83474911
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Mobile:13929211059
Contact me: xubiao_1996@hotmail.com samjiefu@gmail.com

Jiefu Chemical industry LTD . (Our imports and exports company )
WebSite: http://www.jiefu.com
blog:http://jiefuantimonytrioxide.blogspot.com