Antimony Market Report September 2011
2011-10-14 18:14:43 【Print】
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In early September, smelters of antimony ingot in Lengshuijiang area stopped production owing to environmental problems, and suppliers and speculators together pushed the price of antimony products up. The prices of antimony ingot 99.65%min and trioxide 99.5%min rose to RMB97,000-99,500/t (USD15,228-15,620/t) and RMB85,500-87,500/t (USD13,422-13,736/t) ex works respectively from RMB88,500-91,000/t (USD13,893-14,286/t) and RMB79,000-81,000/t (USD12,402-12,716/t) ex works in early latter part of September, however, customers still took a hand-to-mouth purchasing style and there were few deals in spot market.
Till late September, as stock of many suppliers accumulated and the pressure showed gradually. Additionally, there was a rumor that smelters of antimony ingot in Lengshuijiang area would resume production after the 7-day long Chinese National Day holiday, and many sellers were worried about a further price decrease in October, so they began to decrease their offers step by step, and the prices of antimony ingot 99.65%min and trioxide 99.5%min went down to RMB88,500-91,000/t (USD13,893-14,286/t) and RMB81,500-83,500/t (USD12,794-13,108/t) ex works in spot market.
Till late September, as stock of many suppliers accumulated and the pressure showed gradually. Additionally, there was a rumor that smelters of antimony ingot in Lengshuijiang area would resume production after the 7-day long Chinese National Day holiday, and many sellers were worried about a further price decrease in October, so they began to decrease their offers step by step, and the prices of antimony ingot 99.65%min and trioxide 99.5%min went down to RMB88,500-91,000/t (USD13,893-14,286/t) and RMB81,500-83,500/t (USD12,794-13,108/t) ex works in spot market.
