Domestic antimony price in China was flat for the third consecutive week despite sparse trading activity.
Many Chinese antimony suppliers remained resolute in refusing to sell their cargoes at below 40,000 yuan ($5,822) per tonne, citing mounting difficulty in sourcing cheap ore material.
Some investors were heard to have placed orders with several domestic antimony suppliers with the intention of holding onto cargoes until the price rises later.
Although most of these investors have not taken delivery of their cargoes yet, the move partly eased suppliers’ stock pressures and gave them some leverage to hold their offer prices firm.
The majority of antimony consumers,...