Antimony Market Report November 2011

In early November, the smelters in Lengshuijiang area were allowed to resume trial production by environmental protection institute. However, as producers there bought in antimony concentrate at as high as RMB700-800/mtu before they stopped production in September, and they together pushed the price after starting production in early November.Asian Metal Copyright65%min decreased to RMB80,500-83,000t ex works at the end of November after three weeks.Asian Metal Copyright The price of antimony ingot 99.65%min rose to RMB83,000-85,500/t ex works from RMB81,000-83,500/t ex works, however, the demand was weak owing to unfavorable economy, so there were few deals in spot market, and then the price of antimony ingot 99.65%min decreased to RMB80,500-83,000/t ex works at the end of November after three weeks.
.Asian Metal CopyrightIn early November, the smelters in Lengshuijiang area were allowed to resume trial production by environmental protection instituteAsian Metal Copyright