GLOBAL ANTIMONY WRAP: Weak demand drives Chinese price down, European prices mixed

The Chinese antimony price trended down in the latest assessment period ended on Wednesday February 27 amid persistently thin buying interest and suppliers’ cutting prices to encourage sales.

Fastmarkets’ price assessment for MMTA standard-grade II antimony, delivered duty-paid in China stood at 47,500-48,500 yuan ($7,100-7,250) per tonne on February 27, down 2% from 48,500-49,500 yuan per tonne a week before. Many Chinese antimony suppliers lowered their offer prices last week to entice buyers to purchase in an attempt to ease stock pressure and generate cash for the procurement of raw materials at the same time, sources said. Offers were reported at 48,000-48,500 yuan per tonne over the past week, a move down from offers reported at 49,000-49,500 yuan per tonne the week before, Fastmarkets understands. “Demand is still not very good this week; some suppliers - burdened by the constantly high stocks - have to surrender on the price because they want to conclude deals and shrug off some pressure,” a Chinese market source said on February 27....

Published

Cristina Belda

Amy Lv

March 04, 2019

14:20 GMT

London, Shanghai