20 Aug 08 – In the last two weeks, antimony prices continue rising fast in Chinese export market. Many European market participants hold that price will increase further in the coming days.
A European trader told Asian Metal that price of antimony are offered in wide range of USD6,600-6,800/t CIF Rotterdam for 99.65%min standard grade two antimony ingot, and material with higher purities are offered at close to USD7,000/t CIF Rotterdam. "This is a clear trend that price will break USD7,000/t for all grades antimony ingot very soon."
He takes that price of antimony metal will increase further if the Chinese suppliers want to do so. "The world antimony market is controlled by Chinese supply in the last two years. Price will go up if they really want to," the trader said and thinks it is difficult for the consumers switch to substitute. "Price had been going up since the beginning of 2005; consumers would be already switched to alternatives."
Another trader disclosed that the current offer for 99.65%min standard grade two antimony ingot is in the range of USD6,750-6.800/t in warehouse Rotterdam. "I was on holiday last week, and price increased by almost USD200/t," the source remarked, and regretted that he had not the offers at USD6,600/t in warehouse Rotterdam before he went on holiday.
He supplies material to antimony-lead battery producer in Europe. "Most of them are still in holiday, such as people in Spain, Italy and France, but I am sure that they would be surprised at the high prices when they come back to office." The source holds that there is no effective alternative for the consumers, so they have no choices but have to accept high offers. "Moreover, most of them do not have stocks now," the trader added.
A European trader told Asian Metal that price of antimony are offered in wide range of USD6,600-6,800/t CIF Rotterdam for 99.65%min standard grade two antimony ingot, and material with higher purities are offered at close to USD7,000/t CIF Rotterdam. "This is a clear trend that price will break USD7,000/t for all grades antimony ingot very soon."
He takes that price of antimony metal will increase further if the Chinese suppliers want to do so. "The world antimony market is controlled by Chinese supply in the last two years. Price will go up if they really want to," the trader said and thinks it is difficult for the consumers switch to substitute. "Price had been going up since the beginning of 2005; consumers would be already switched to alternatives."
Another trader disclosed that the current offer for 99.65%min standard grade two antimony ingot is in the range of USD6,750-6.800/t in warehouse Rotterdam. "I was on holiday last week, and price increased by almost USD200/t," the source remarked, and regretted that he had not the offers at USD6,600/t in warehouse Rotterdam before he went on holiday.
He supplies material to antimony-lead battery producer in Europe. "Most of them are still in holiday, such as people in Spain, Italy and France, but I am sure that they would be surprised at the high prices when they come back to office." The source holds that there is no effective alternative for the consumers, so they have no choices but have to accept high offers. "Moreover, most of them do not have stocks now," the trader added.
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