The Chinese domestic antimony price continued its downward trajectory for a third consecutive week after some suppliers in the country slashed their prices to destock.
Other suppliers were reluctant to sell of their stocks because prices had fallen below their production costs.
With prices now below production costs, participants showed less interest in restocking ore.
Consumers insisted on conducting hand-to-mouth buying on the expectation of further price declines.
That said, market participants noted that there is limited room for the Chinese antimony price to decline further, but added that the price is unlikely to...