Antimony price sees increase in the Mexican market
2010-03-17 08:51:40 【Print】
PITTSBURGH (Asian Metal) 17 Mar 10 – Antimony traders in Mexico state that antimony prices are on the rise again as report of tight-availability of material. Market participants have received increased offers in the range of USD7,200-7,300/t CIF Mexican ports this week. They expect to see a gradual increase in prices over the next few days.
A large trader based in Mexico City shared with Asian Metal that he finalized a purchase for a container of antimony metal 99.65%min on Friday at USD7,300/t CIF Mexico for delivery in April.
“The deal was finalized after a couple rounds of intense negotiation as the market price increased steadily,” the source said.
Another trader based in Queretaro agreed that the offers for antimony metal are increasing in the international market “I am making inquiries for a 10t purchase of grade II antimony metal this week for potential April delivery and have so far received offers close to USD7,300/t CIF Mexico. I will take a few days before finalizing any purchases as a result of the increasing prices.”
Both traders mentioned the tight-availability of material available for April as major setback in concluding deals at this time. Chinese producers are reportedly not in full production following the Spring Holiday recess.
