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Saturday 16 February 2008

2-15 World antimony trioxide market rises

As Chinese suppliers were shut down in the last few weeks due to the bad weather and Chinese holiday, American market participants reported to Asian Metal that antimony trioxide is selling at higher prices than two weeks ago.
A Chinese representative located in U.S. disclosed that he is selling 99.5%min antimony trioxide at USD2.55/lb d.d.p. to American consumers, and the material shipped to U.S. ports is in the range of USD5,400-5,500/t CIF Baltimore.
According to him, the price had increased fast in America in the last two weeks that the price before Chinese New Year was at around USD2.40-2.45/lb d.d.p. and now increased by USD0.10-0.15/lb. However, he holds that the price will not go up further because many consumers and traders have stock on hand to last about a month before the new material arrives America from China.
An official from a Eastern coast consumer reported to Asian Metal that the antimony trioxide price is about USD5,500/t CIF U.S. port for 99.5%min normal brand material, and the price had increased in the last couple of weeks. He heard the snowstorm in China, and thinks this could be the reason for increasing price.
According to him, the demand of antimony trioxide is very active in the American market. He holds that the increasing price will not affect the antimony demand as they are more focused on keeping normal production.

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