Chinese antimony price tumbles; lower offers reflect fears coronavirus will scorch demand

The domestic Chinese antimony price fell sharply in the week ended Friday March 13 after some suppliers cut their offer prices significantly to secure business and generate cash in a market where buying interest is scant, market participants said.

Fastmarkets' assessment of antimony, MMTA standard grade II, ddp China slid for the second consecutive week to 38,000-39,500 yuan ($5,421-5,635) per tonne on March 11, down by 5.5% from 40,000-42,000 yuan per tonne in the previous week.

Several domestic suppliers were willing to sell their on-hand stocks cheaply, using the cash generated to purchase...

Published

Amy Lv

March 16, 2020

14:30 GMT

Shanghai