10 Sep 08 – Chinese antimony market drops this week as buyers stay away from the market and stop making purchases because they believe the market is going to decrease further.
An export enterprise supplier reported deals of antimony trioxide 99.5%min with exporters at around RMB37,000/t down from RMB37,000-37,500/t several days ago. The price for domestic sales is at around RMB37,200-37,300/t for the same grade materials, down from RMB37,500-38,000/t two weeks ago.
The source said, "The market is very quiet this week and we received fewer inquiries this week than last week." She believes that the market may decrease further slightly in the near future as according to her, buyers find the market is decreasing and may not come back to the market within two weeks. Where the market will go in the future depends on buyers demand for the trioxide material.
A Hunan-based smelter with a monthly production capacity of around 300 tons reported around 50 tons of antimony trioxide early this week concluded at RMB36,500-37,000/t.
The source puts the mainstream price of all grade antimony triode at RMB36,500-37,500/t at present. She confirmed that the market is decreasing but they find that it is difficult to get antimony ingot again. Therefore, the source believes that the market may increase slightly due to the above mentioned reason.
An export enterprise supplier reported deals of antimony trioxide 99.5%min with exporters at around RMB37,000/t down from RMB37,000-37,500/t several days ago. The price for domestic sales is at around RMB37,200-37,300/t for the same grade materials, down from RMB37,500-38,000/t two weeks ago.
The source said, "The market is very quiet this week and we received fewer inquiries this week than last week." She believes that the market may decrease further slightly in the near future as according to her, buyers find the market is decreasing and may not come back to the market within two weeks. Where the market will go in the future depends on buyers demand for the trioxide material.
A Hunan-based smelter with a monthly production capacity of around 300 tons reported around 50 tons of antimony trioxide early this week concluded at RMB36,500-37,000/t.
The source puts the mainstream price of all grade antimony triode at RMB36,500-37,500/t at present. She confirmed that the market is decreasing but they find that it is difficult to get antimony ingot again. Therefore, the source believes that the market may increase slightly due to the above mentioned reason.
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