GLOBAL ANTIMONY WRAP: Lack of demand delays restocking in China; European market static

The Chinese antimony market remained quiet amid sparse buying interest during the week ended Friday February 22.

Fastmarkets assessed the price for MMTA standard-grade II antimony, delivered duty-paid in China, at 48,500-49,500 yuan ($7,231-7,380) per tonne on February 20, unchanged since January 16. The Chinese antimony market has shown limited trading activity since downstream consumers maintained their wait-and-see stance over the week. “We did not buy any [antimony ingot] this week because what we produced by ourselves was able to meet our current demand,” a Chinese trader said. But it added that it may enter the market for restocking in the week starting February 25. Domestic buyers will not re-enter the market for restocking until they have consumed the bulk of the stocks they hold at their plants, so either...

Published

Cristina Belda

Amy Lv

February 25, 2019

16:40 GMT

London, Shanghai