As antimony consumers are buying minimum amount to keep inventories low, the market in Europe is getting quiet, and participants told Asian Metal that there is almost no activity but the Chinese suppliers are not lowering the
A German trader received offers from three Chinese suppliers this week and according to him, the offers gave him the contradictory direction of the antimony market.
The first supplier offered him for 60t of grade two antimony ingot with low bismuth content at USD5,550/t CIF Rotterdam prompt shipment from China, and the standard grade two antimony ingot is at USD5,530/t CIF Rotterdam. The trader thinks the supplier is offering in the mainstream market price range, which indicate that market is stable
The second supplier offered the grade two antimony ingot with low bismuth content at USD5,700/t CIF Rotterdam and the material in warehouse Rotterdam for prompt release is offered at USD20/t more expensive. "The price is too expensive to accept, but the supplier is one of the biggest suppliers in China, so we think it could also lead the price to go up," remarked by the trader.
The third offer is one container that left China in the end of October and already one-third way to Rotterdam. The material has a mixture of impurity and 99.8%min antimony content with unknown tin content. The source thinks the offer at USD5,510/t CIF Rotterdam is reasonable, and he is looking for consumers who might be interested.
The trader holds that the market right now is on the edge that it could start to drop soon as the market is weak and the major consumers are covered for the rest of the year. He is waiting to restock when the price drops to USD5,400-5,450/t CIF Rotterdam. He said: "I need to restock and position myself for January."
A Belgium trader also received offers from Chinese suppliers in the range of USD5,550/t CIF Rotterdam and USD5,600-5,700/t in warehouse Rotterdam. "Demand is not in the market now," the source had not concluded any antimony deal in the last ten days.
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Friday, 16 November 2007
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