GLOBAL ANTIMONY WRAP: China price dips further on bearish sentiment; weak demand in Europe

Global antimony prices continued to trade under pressure in both China and Europe amid weak demand, despite a new round of environmental inspections beginning in Hunan province last week.

In China, Fastmarkets’ price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,500-51,000 yuan ($7,241-7,312) per tonne on Wednesday October 31, down 1% from 51,000-51,500 yuan per tonne a week earlier. Several hundred tonnes of antimony ingot were traded at 50,500 yuan per tonne last week in China, sources said. Some suppliers were reluctant to sell their material at a lower price, with the current price level approaching production costs. The ongoing environmental checks in Hunan, a main production hub for antimony,...

Published

Ewa Manthey

Amy Lv

November 05, 2018

11:15 GMT

London, Shanghai