BEIJING (Asian Metal) 8 May 12 – Antimony trioxide market becomes more active these days than that of late April. Some traders have already raised antimony trioxide prices, influenced by the upward tendency in the global market.
A Shanghai-based trader reported to Asian Metal that they bought 10 tons of antimony trioxide at RMB70,000/t (USD11,146/t) delivered on Monday. "I expect antimony trioxide price to pick up in the near future," said the source.
The source, who trades over 100 tons of antimony trioxide yearly, reviewed that many suppliers of antimony trioxide start to raise prices.
A Hunan-based producer, who produces 200-300 tons of antimony trioxide monthly according to the demand, reported to Asian Metal that they offer antimony trioxide 99.5% at RMB68,000-69,000/t (USD10,828-10,987/t) ex works and will keep its prices stable this week. "Most deals are concluded at around RMB69,000/t (USD10,987/t) ex works" said the source, holding around 100 tons of stocks.
The source, who traded 200 tons of antimony trioxide in April, reviewed that the market in May is more active than that of late April, because end users increase their purchases, for fear that antimony trioxide prices will pick up. He will watch the market, but he expects the rising tendency of antimony trioxide not to last long, due to dull demand from downstream market.
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