Monthly Antimony Market Report May 2021

1. Market Highlights

Chinese antimony prices still moved downwards in May. Affected by soft demand, the antimony trioxide market saw few deals, and the supply exceeded demand, therefore, suppliers had to cut prices to promote sales, leading to a sharp decrease of nearly RMB5,000/t (USD782/t) in antimony trioxide prices.Asian Metal Copyright In particular, the price of antimony ingot held firm above RMB50,000t USD7,825t and that of antimony concentrate 50%min stood higher than RMB40,000t USD6,260t.Asian Metal Copyright However, the prices of raw material were firm due to tight supply. In particular, the price of antimony ingot held firm above RMB50,000/t (USD7,825/t) and that of antimony concentrate 50%min stood higher than RMB40,000/t (USD6,260/t).Asian Metal Copyright Affected by soft demand, the antimony trioxide market saw few deals, and the supply exceeded demand, therefore, suppliers had to cut prices to promote sales, leading to a sharp decrease of nearly RMB5,000t USD782t in antimony trioxide prices.Asian Metal Copyright The antimony market expects to see more demand in June.

As for the international market, the declining exchange rate of US dollars and the delay of containers resulted in higher freight; in addition, the spot supply was tight, so some suppliers raised prices to test market. Approaching the summer break in July, consumers intended to prepare stocks in advance, and thus the prices ceased dropping and tended to be stable.

.Asian Metal Copyright Approaching the summer break in July, consumers intended to prepare stocks in advance, and thus the prices ceased dropping and tended to be stableAsian Metal Copyright