Chinese antimony market weakens after suppliers cut offer prices to generate year-end business

The Chinese antimony market showed signs of softening in the week ended Wednesday December 26 after some domestic suppliers began to cut their offer prices in an attempt to entice buyers to do business and generate cash before the end of the year.

Fastmarkets’ price quotation for MMTA standard grade-II antimony, delivered duty-paid in China, stood at 49,000-49,500 yuan ($7,108-7,180) per tonne on December 26, down 1% from 49,500-50,000 yuan per tonne in the prior week. Prior to this, the price had been stable for three consecutive weeks.

A few deals for antimony ingot were concluded at a price range of 49,000-49,500 yuan per tonne this past week,...

Published

Amy Lv

December 27, 2018

06:20 GMT

Shanghai