3 Sep 08 - Participants expressed even though the demand is low, the price of antimony 99.65%min remains stable at the high level of RUB200-205/kg (USD8062-8263/t),unchanged from last week.
Some local traders do not know what to do about the high price. They revealed some traders have quoted above RUB210/kg (USD8464/t), but most deals are concluded at RUB200-205/kg (USD8062-8263/t).
A smelter in Russia quotes RUB207/kg for antimony 99.65%min. He stated that there are few inquiries from consumers. Consumers are watching the market. Therefore, few deals are concluded at present.
"Few deals are concluded due to the low demand. We may lower our quotations in order to sell the metal in bulk," he said. In addition, China is a large producing country of antimony and has a say in the pricing of antimony products. Some traders and consumers in Russia imported antimony from China. Therefore, the current high quotation of Chinese antimony ingot is one of the most important reasons of the highly stable price in Russia. The smelter's monthly production volume is around 60 tons.
A trader in Russia said the mainstream price of antimony 99.65%min remains stable at RUB200/kg (USD8062/t), unchanged from last week. He quotes RUB205/kg (USD8263/t) this week, down by RUB2/kg (USD80/t) compared with that of last week. However, he has not concluded any deals so far. In view of the current condition, he believes the price of antimony may go down slightly in a short time.
Some local traders do not know what to do about the high price. They revealed some traders have quoted above RUB210/kg (USD8464/t), but most deals are concluded at RUB200-205/kg (USD8062-8263/t).
A smelter in Russia quotes RUB207/kg for antimony 99.65%min. He stated that there are few inquiries from consumers. Consumers are watching the market. Therefore, few deals are concluded at present.
"Few deals are concluded due to the low demand. We may lower our quotations in order to sell the metal in bulk," he said. In addition, China is a large producing country of antimony and has a say in the pricing of antimony products. Some traders and consumers in Russia imported antimony from China. Therefore, the current high quotation of Chinese antimony ingot is one of the most important reasons of the highly stable price in Russia. The smelter's monthly production volume is around 60 tons.
A trader in Russia said the mainstream price of antimony 99.65%min remains stable at RUB200/kg (USD8062/t), unchanged from last week. He quotes RUB205/kg (USD8263/t) this week, down by RUB2/kg (USD80/t) compared with that of last week. However, he has not concluded any deals so far. In view of the current condition, he believes the price of antimony may go down slightly in a short time.
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