Antimony Market Report October 2011
2011-11-16 09:30:55 【Print】
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Among the Chinese National Day Holiday (from 1st – 7th Oct
The demand from plastic industry was very weak, which caused the demand for antimony trioxide, antimony ingot (raw material of antimony trioxide) and antimony ore (raw material of antimony ingot) to weaken. Though smelters of antimony ingot in Lengshuijiang area, Hunan province maintained a halt-production and the supply of antimony ingot decreased by 4,000t per month, the prices of antimony ingot and trioxide were still going down . Major plastic producers in China revealed that their orders of plastic have decreased by around 40%, while small plastic producers reported a as high as 70% of demand decrease on low economy, and this is why the prices of antimony ingot and trioxide kept sliding in October .
. ), both buyers and sellers left the marker for enjoying the holiday, so the prices of antimony products kept steady . After the holiday, the prices of antimony ingot 99 . 65%min and trioxide 99 . 5%min maintained the downward trend started in late September . During more than three weeks, the prices of antimony ingot 99 . 65%min and trioxide 99.5%min respectively dropped by RMB7,000/t (USD1,102/t) and RMB6,500/t (USD1,024/t) to RMB81,000-83,500/t (USD12,756-13,150/t) and RMB74,000-76,000/t (USD11,654-11,969/t) ex works, but few deals were finalized in spot market.The demand from plastic industry was very weak, which caused the demand for antimony trioxide, antimony ingot (raw material of antimony trioxide) and antimony ore (raw material of antimony ingot) to weaken. Though smelters of antimony ingot in Lengshuijiang area, Hunan province maintained a halt-production and the supply of antimony ingot decreased by 4,000t per month, the prices of antimony ingot and trioxide were still going down . Major plastic producers in China revealed that their orders of plastic have decreased by around 40%, while small plastic producers reported a as high as 70% of demand decrease on low economy, and this is why the prices of antimony ingot and trioxide kept sliding in October .