At the beginning of this wee, the production cost of antimony trioxide went up, so some producers have to raise their offers of antimony trioxide to compensate the increasing production cost. Sources reported that the offer of flame retardant antimony trioxide 99.5%min keeps at around RMB53,300-54,500t USD8,646-8,972t ex works, rising by RMB1,000t USD163t from that of last week, but the market is still dull as most consumers still purchase from hand to mouth.
Meanwhile, the antimony trioxide export price kept stable in the past week, around USD8,800-9,000t FOB China for antimony trioxide 99.5%min, reported by market participants. There are thin deals in spot market with buyers purchasing from hand to mouth.
Japanese sources reported that the price of antimony trioxide 99.5%min is in the range of JPY1,000-1,010kg or USD10,000t, and it was stable in the past week. As some market insiders are leaving for summer holiday, the demand will be weak.
Demand for antimony trioxide softens and buying activity declines in Russia, but mainstream quotations of antimony trioxide 99.5%min increase to RUB380-390kg VAT included USD11,585-11,890t early this week from RUB370-380kg USD11,280-11,585t last week as exchange rate of RUB against USD depreciated.