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Chinese antimony prices drop further

Update:2010-08-06 10:00:57  Source:AntimonyNet  Author:violin Return

Chinese antimony prices drop further

Antimony prices in China fell further this week due to sluggish demand from Europe, although market supply remained tight, said traders. Grade II antimony prices have tightened to 63,000-63,500 yuan ($9,287-9,361) per tonne, from $63,000-65,000 yuan last Friday.

"Due to the customers are enjoying their summer vacation, Europe antimony trioxide markets are inactive"European traders told us. "The quotation of antimony trioxide is about USD 8500/Mt CIF Rotterdam." a German trader has transaction volume about 20 tonne per month said.

Export offering price for antimony ingot declines by around USD100-150t this week. Antimony ingot producers in Hunan hold tight but few trading activities possible at price ranging around RMB63,000t ex works in spot market, some producers keep antimony ingot for booming market. While the US domestic market stays volatile

 

 

 




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