Some Guangxi-based antimony plants have suspended production upon the local government's decree after the incident of some residents having been poisoned by arsenic infected water.
A Hechi-based antimony ingot smelter with a monthly production capacity of around 800 tons stated that they have suspended production since the mid of last week as the government compelled all the smelting plants to suspend production in order to carry out environment rectification. The source explained that some villagers in adjacent places to the antimony mines have tasted arsenic affected water and get poisoned, but fortunately no one was deadly hurt. "After the incident, the local government issued an order of production suspension to all the smelting plants in Guangxi province, especially in Hechi city and Nandan County," said the source and he does not know when the government will allow them to resume production.
The source expressed that the mainstream prices of antimony ingot 99.65%min is RMB40,700-41,200/t (USD5,959-6,032/t) ex works increased slightly from RMB40,500-41,000/t (USD5,930-6,003/t) ex works last week, but few deals can be seen at the moment. The smelter hold some stocks on hand, but they only concluded very few quantities of antimony ingots so far since the National Day holiday as few buyers send inquiries to them. The source believes that the market may not increase by large margins because European buyers are not as active as they did in the past several months.
Another Hechi-based antimony ingot smelter with a monthly production capacity of around 600-800 tons confirmed that that they have suspended production since last week. The source said, "All the antimony smelting plants have suspended production in Hechi city due to the arsenic infected water incident." He believes that the production suspension may last for over a month because "the milk incident" has raised the government's attention on food security and citizen's health. Government's officials dare not neglect any thing alike. They would carry out a clear investigation and strict rectification over the matter.
Concerning for the influences on the output of the antimony metal in China, the source believes the output will be obviously reduced as both Lengshuijiang-based smelting plants and some Guangxi-based plants have suspended production, but it seems that the current situation may not affect the price significantly because of the low demand from European market. "If the economy turns better in the future when demand revives, the price may increase upon tight supply of the antimony ingot."
The source puts the mainstream price of antimony ingot 99.65%min at RMB40,500-41,000/t (USD5,930-6,003/t) ex works, up from RMB40,000-40,500/t (USD5,857-5,930/t) ex last week. However, there are not many deals concluded at the monument.
A Hechi-based antimony ingot smelter with a monthly production capacity of around 800 tons stated that they have suspended production since the mid of last week as the government compelled all the smelting plants to suspend production in order to carry out environment rectification. The source explained that some villagers in adjacent places to the antimony mines have tasted arsenic affected water and get poisoned, but fortunately no one was deadly hurt. "After the incident, the local government issued an order of production suspension to all the smelting plants in Guangxi province, especially in Hechi city and Nandan County," said the source and he does not know when the government will allow them to resume production.
The source expressed that the mainstream prices of antimony ingot 99.65%min is RMB40,700-41,200/t (USD5,959-6,032/t) ex works increased slightly from RMB40,500-41,000/t (USD5,930-6,003/t) ex works last week, but few deals can be seen at the moment. The smelter hold some stocks on hand, but they only concluded very few quantities of antimony ingots so far since the National Day holiday as few buyers send inquiries to them. The source believes that the market may not increase by large margins because European buyers are not as active as they did in the past several months.
Another Hechi-based antimony ingot smelter with a monthly production capacity of around 600-800 tons confirmed that that they have suspended production since last week. The source said, "All the antimony smelting plants have suspended production in Hechi city due to the arsenic infected water incident." He believes that the production suspension may last for over a month because "the milk incident" has raised the government's attention on food security and citizen's health. Government's officials dare not neglect any thing alike. They would carry out a clear investigation and strict rectification over the matter.
Concerning for the influences on the output of the antimony metal in China, the source believes the output will be obviously reduced as both Lengshuijiang-based smelting plants and some Guangxi-based plants have suspended production, but it seems that the current situation may not affect the price significantly because of the low demand from European market. "If the economy turns better in the future when demand revives, the price may increase upon tight supply of the antimony ingot."
The source puts the mainstream price of antimony ingot 99.65%min at RMB40,500-41,000/t (USD5,930-6,003/t) ex works, up from RMB40,000-40,500/t (USD5,857-5,930/t) ex last week. However, there are not many deals concluded at the monument.
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