Antimony market summary Mar 3-7

The antimony market moved slowly during the week, with few deals concluded for both antimony ingot and trioxide. Although a few Chinese antimony suppliers hold positive expectations towards the future market, most participants believe that the market is due to calm down or even experience a slight drop with more smelters resuming production.
As many suppliers and buyers anticipated, concluded prices for antimony ingot have fallen to RMB40,300-41,000/t (USD5,668-5,767/t) ex works during the week. While some optimistic suppliers hold that the market will not drop further, other suppliers, in view of the slowly increasing supply, believe that the market will continue to go down slowly.
The antimony trioxide market also experienced slow business. Although Chinese suppliers managed to closed deals at higher prices in the past two weeks influenced by the increased production cost, they found it hard to persuade buyers to place orders at prices higher than RMB37,000/t (USD5,204/t) ex works as the antimony ingot prices started to move down
European buyers reported offers of USD5,800-5,900/t CIF Rotterdam or USD5,900-6,000/t in warehouse Rotterdam for antimony ingot. Most market participants believe that the price will keep sliding down. Meanwhile, the antimony trioxide market is also expected to be slow down as antimony ingot prices are in a decline.
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