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Tide turns on antimony amid rumours of customs crackdown
July 08, 2011 - 16:47 GMT
Location:
London
KEYWORDS:
Antimony
,
consumer
,
buying
,
producer
,
offers
,
customs
,
crackdown
Antimony rose on Friday amid a mooted rebound in consumer activity and rumours that customs authorities in China are launching a ‘crackdown’ on illegal cross-border trade
MB free-market standard grade II antimony rose to $13,500-14,000 per tonne, from $13,000-13,750 per tonne previously.
Trioxide grade antimony stood at $13,750-14,250 per tonne, up from $13,250-14,000 per tonne, as sources reported stronger offers from Chinese producers. High-quality material was being offered as high as $14,500 per tonne.
“I was able to pick up a box of standard grade at $13,500, but all the new offers I’m getting from China are at $14,000 now,” one trader said.
“I think the producers are seeing...
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Euromoney Institutional Investor PLC.
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