GLOBAL ANTIMONY SNAPSHOT: Chinese price weakens on renewed Fanya auction concerns; European market stable

Key data from the pricing sessions in Asia and Europe in the week ended Friday August 9.



China
Key drivers

The price of antimony MMTA standard-grade II, ddp China ended a month of stability last week, dropping after some domestic suppliers lowered their offer prices to secure sales.  Concerns over the possible outflow of antimony stocks held in Fanya Metal Exchange warehouses in the near future weighed on domestic market sentiment and promoted some producers to cut their prices to offload some stocks ahead of further possible price falls.  The cut in the antimony price lured some consumers into the market for replenishment, resulting in a pick-up in trading activity over the...

Published

Cristina Belda

Amy Lv

August 12, 2019

11:27 GMT

Shanghai, London