15 Apr 10 – Though many consumers said that antimony products prices are unacceptably high in spot market, the offering prices are still keeping rising owing to tight supply
A Chongqing-based trader reported that he booked 5t of antimony trioxide from a Yunnan producer at RMB48,500/t (USD7,101/t) ex works at the end of last week, but he hasn't got the products until now, because the producer doesn't have enough antimony trioxide in stock . He said, "The products will be delivered at the end of this week"
Seeing that supply of antimony products are so tight in the spot market, he predicts the price of antimony ingot will rise to RMB70,000/t (USD10,249/t) ex works .
A Guangxi-based producer disclosed that he quoted RMB50,000/t (USD7,321/t) ex works for antimony trioxide on Wednesday, higher than that on Tuesday, but no deal has been concluded at that price so far .
He learned that the government has introduced some new policies to regulate antimony market in Guangxi province . Then some small smelters will be forced to stop production . The supply of antimony products will be tighter, so he predicts antimony products prices will keep rising .
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