Antimony Market Report October 2013
2013-11-13 16:08:24 【Print】
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After the long holiday of National Day (1-7th October), as the big antimony company did not continue the price of antimony ingot lost the momentum to go up, the price of antimony ingot and trioxide respectively kept at RMB63,500-66,000/t (USD10,410-10,820/t) and RMB55,000-57,000/t (USD9,016-9,344/t) till late the month
. And then the news that China’s State Reserve Bureau will purchase 10,500t of antimony ingot from China Minmetals, Chenzhou Mining and Chian Tin spread around, and some market insiders worried that the spot market could not see big orders in the short term, and suppliers lowered their prices to attract deals. The prices for antimony ingot and trioxide respectively decreased by RMB1,000/t (USD164/t) to USD62,500-65,000/t (USD10,246-10,656/t) and RMB54,000-56,000/t (USD8,852-9,180/t) at the end of the month.