The price for antimony, MMTA standard grade II, ddp China continued to move up after many domestic producers lifted their offer prices further, citing limited availability of cargoes at hand.
Many domestic antimony consumers retreated from the market last week after noticing that the price rose too quickly, resulting in generally thin trading activity.
Some market participants believe the domestic antimony market will maintain the current upward momentum for a while before reversing later.
“Some producers offered unrealistically high, and I know this is just their strategy of testing the appetite of consumers. As far as I am concerned, those who gave a quite high offer do not have any more available cargoes at hand, so they...