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China antimony prices in first increase since May

July 04, 2011 - 07:39 GMT Location: Shanghai

Chinese antimony prices have rebounded after declining rapidly for several weeks, as producers raise prices amid low inventory and tight raw material supply

On the spot market, MMTA Standard Grade II was trading at 82,000-84,000 yuan per tonne last Friday, compared with 75,000-80,000 on Wednesday. Some producers have stopped selling or offering prices. "The prices are rebounding with a vengeance after recent sharp falls," a major producer in Hunan province said. Company sales were "pretty large" in the past week, as rising prices prompted some previously reluctant buyers to return to the market, the producer said. "It's suddenly hard to get antimony. I secured 60...

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