European antimony consumers leaving market

BEIJING (Asian Metal) 30 Jul 07 – From this Monday, one of the major European antimony trioxide producers in Europe also left the market for holiday. As most manufacturers left, antimony market will continue to be quiet.

A major European consumer told Asian Metal that he thinks the situation in China has almost no effect to the European market, as July is the quietest time of the year. Even with no environmental control in Hunan province, there will still be regular equipment maintenance for most of the suppliers.

The source claimed that after Chinese suppliers closed in Hunan, the consumer received offers of standard grade two antimony ingot at around USD200/t higher than the offers they received at end of June, but the new offers were still lower than the prices talked by others. “I have never received price higher than USD5,650/t CIF Rotterdam, most offers were still under USD5,400/t CIF Rotterdam.”

The source holds that most the deals talking in the market are the material traded between traders with no end-users involved. He expects market continues to be quiet in August, and recovers in early September.

A UK trader bought one container grade two antimony ingot with 60ppm bismuth content at USD5,480/t in warehouse Rotterdam. According to the source, material with less than 50ppm bismuth content is offered at USD5,500/t in warehouse Rotterdam. “My customer asked for material urgently, so I have to buy material in the warehouse already.”

The source said that the market is very quiet in general, and will remain quiet in the following several weeks.



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Chinese antimony market