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Wednesday, 29 October 2008

European antimony price high but few trades

Although Chinese suppliers raised antimony prices, the European consumers are not answering. European traders reported to Asian Metal that the market remains quiet.
A European trader received offers of 99.65%min standard grad two antimony ingot at around USD6,500/t CIF Rotterdam, and the low bismuth material is quoted at USD50-100/t higher. According to him, the price for material in warehouse Rotterdam is about the same prices. He had not sold any thing in the last two weeks, because the consumers are not
He believes that the consumers will not place big orders before the end of the year or beginning of next year. "Economy is pretty bad that the demand of plastic and steel is very weak, so major consumers would not buy large volume at the moment," said the source.
AAnother trader source confirmed the price at USD6,500-6,600/t CIF Rotterdam; he thinks the prices are not reflecting the real market because there is no demand in the market. "We received a few inquiries, but they are not real demand; some people are checking prices," the source remarked.
He takes that the economy is past the panic stage and consumers may start to buy some material soon. "Many people only see the bad things in the last few weeks, and the panic caused more disasters. Now, the panic passed, and we need to rebuilt confident."

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