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(AMM) US antimony seen under pressure

June 21, 2011 - 03:11 GMT Location: New York

KEYWORDS: China , antimony , minor metals , market report

U.S. antimony prices have weakened, and traders say a sharper drop is looming on the back of new, lower offers from Chinese sellers.

Antimony consumption in China likely has weakened, one market source said, and traders there are in less of a position to sit on the material and hold out for higher prices.

"It seems like consumption in China is down. Since they’re the key to the market as the largest producer and consumer, they’re trying to export more, but there aren’t really any takers," one domestic trader...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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