Some antimony consumers in Russia return to the spot market in succession to purchase for the production next quarter. However, most buyers are holding watching attitudes due to the high price. Few deals are concluded this week. The price of antimony ingot 99.65%min remains stable in the range of RUB200-205/kg (USD8,123-8,326/t), unchanged compared with that one week ago.
A Russian antimony ingot producer, with the production capacity of 120tpm, attributes the high price in Russia to the climbing price in the international market. The source said that price increase of antimony ingot in China contributes to that in European. In turn, the price increase in Europe leads to the rise in export and domestic price in Russia.
The source offers RUB205/kg (USD8,326/t) d.d.p. for antimony 99.65%min, the same as that one week ago. However, no deal has been concluded this week. "Though we received more inquiries this week, most buyers are just testing the market without real intention of buying," he said. Most buyers cannot accept the current high price and purchase inactively, so he plans to lower the price. He thinks that the price will go down in a short term.
AA trader in Russia reported as for the market trend, most traders are confused, so they hold the watching attitudes at present due to the price hike in the local antimony market. Thus, the market supply reduces relatively and the price runs in a high level. The source purchases around 60tpm of antimony 99.65%min.
The source currently quotes RUB208/kg (USD8,448/t) d.d.p for antimony 99.65%min this week. However, some traders have reduced the price in order to reach a deal. The market keeps dim, for consumers cannot accept the high price. Therefore, the source believes that price of antimony will go down in a short term.
A Russian antimony ingot producer, with the production capacity of 120tpm, attributes the high price in Russia to the climbing price in the international market. The source said that price increase of antimony ingot in China contributes to that in European. In turn, the price increase in Europe leads to the rise in export and domestic price in Russia.
The source offers RUB205/kg (USD8,326/t) d.d.p. for antimony 99.65%min, the same as that one week ago. However, no deal has been concluded this week. "Though we received more inquiries this week, most buyers are just testing the market without real intention of buying," he said. Most buyers cannot accept the current high price and purchase inactively, so he plans to lower the price. He thinks that the price will go down in a short term.
AA trader in Russia reported as for the market trend, most traders are confused, so they hold the watching attitudes at present due to the price hike in the local antimony market. Thus, the market supply reduces relatively and the price runs in a high level. The source purchases around 60tpm of antimony 99.65%min.
The source currently quotes RUB208/kg (USD8,448/t) d.d.p for antimony 99.65%min this week. However, some traders have reduced the price in order to reach a deal. The market keeps dim, for consumers cannot accept the high price. Therefore, the source believes that price of antimony will go down in a short term.
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