Chinese antimony prices fall on lower bids in lead-up to Chinese New Year

China’s antimony prices slid on Wednesday January 11 after a month of steady rises that had been underpinned by tightening concentrates and metal supply in December.

Metal Bulletin assessed China’s MMTA Standard Grade II antimony metal delivered duty-paid prices at 49,500-50,000 yuan ($7,133-7,205) per tonne on January 11, down by 500 yuan at the high end from one week ago. "The recent dip [in antimony metal] prices was mainly caused by lower bid prices from smugglers [on the China-Vietnam border] in the domestic market," a market insider said. "Smugglers usually sign some orders with buyers...

Published

Anna Xu

January 11, 2017

14:53 GMT

Shanghai