Indian antimony struggles in quiet market

BEIJING (Asian Metal) 16 May 07 – Indian antimony 99.65%min price is stable in a range of USD5,400-5,450/mt CIF Nhava Sheva and INR290-310/kg ex-works but with trends pointing downward, traders said to Asian Metal. “It's taken longer than expected for consumers to come back into the market after the Chinese Spring Festival period,' one trader affirmed. Previous expectations about a recovery in demand and prices in March have now been postponed indefinably, another dealer said with pessimist.

Market conditions were reported to be relatively quiet, although traders said deals were still being struck. Most of antimony ingot deals are concluded with low figures, just to keep production plants open, and traders said that barring any unexpected shortages market activity was not expected to increase markedly. One trader said material offered at below USD5,400/mt CIF Mumbai was not being snapped up by buyers, and suggested that prices could slip a little if market continues in the same trend.”Now demand for antimony in India is around 15% lower that last year,” commented an insider, “Consumers are using more and more substitutes and Chinese producers are no willing to decrease price. In my opinion, if we want to see the market return into activity, Chinese should have to reduce prices to a new quota, and it should be lower that USD5,000/mt.”

For Indian antinomy trioxide, situation is no much better. Dealers opined the market is having a very bad moment. “Lifetime consumers are now buying material straight to Chinese dealers instead to the Indians,” explained an insider,” They are buying material regardless the quality, specially for the textile industry, at prices below USD4,700/mt CIF Nhava Sheva, and we cannot afford that price.”




Sam Xu
Sales Engineer

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