European antimony market keeps firm
2005-09-05 13:25:38 【Print】
BEIJING (Asian Metal) 5 Sep 05 – With many Guangdong suppliers halted production for the environment and safety concerns, market insiders showed more confidence in the European antimony market, and the price keeps rising.
A major UK trader claimed that he just concluded a deal of antimony with the price at USD3,800/t CIF Rotterdam. “The price had gone up very fast,” said the trader. “I believe the price will continue to go up, and the price of USD4,000/t is not far away.” Last week, the trader received offer at around USD3,750/t in warehouse Rotterdam.
According to the trader, the quote he received from Chinese supplier is around USD3,700/t FOB CMP. “With more China domestic consumption and less supplies this year, I don’t see why antimony price would drop in a short time.”
A purchasing executive of a major European consumer reported that the most offers he received are around USD3,800/t CIF Rotterdam. “We received these offer, but didn’t mean we bought at this price. However, I admit that the price had gone up, and will continue to go up for the next two months, as I understand that there are less supplies in China now,” said the executive.
The source revealed that the consumer still has raw materials in stock. “Although our production stopped in August, we are in the spot-market everyday, and we buy when the price is right.”
A Hong Kong trader told Asian Metal that he received offers of antimony trioxide at around USD3,200/t FOB CMP from Chinese suppliers. “The price of antimony trioxide starts to climb now, and I think those major consumers will accept the high prices of the raw material very soon.
A major UK trader claimed that he just concluded a deal of antimony with the price at USD3,800/t CIF Rotterdam. “The price had gone up very fast,” said the trader. “I believe the price will continue to go up, and the price of USD4,000/t is not far away.” Last week, the trader received offer at around USD3,750/t in warehouse Rotterdam.
According to the trader, the quote he received from Chinese supplier is around USD3,700/t FOB CMP. “With more China domestic consumption and less supplies this year, I don’t see why antimony price would drop in a short time.”
A purchasing executive of a major European consumer reported that the most offers he received are around USD3,800/t CIF Rotterdam. “We received these offer, but didn’t mean we bought at this price. However, I admit that the price had gone up, and will continue to go up for the next two months, as I understand that there are less supplies in China now,” said the executive.
The source revealed that the consumer still has raw materials in stock. “Although our production stopped in August, we are in the spot-market everyday, and we buy when the price is right.”
A Hong Kong trader told Asian Metal that he received offers of antimony trioxide at around USD3,200/t FOB CMP from Chinese suppliers. “The price of antimony trioxide starts to climb now, and I think those major consumers will accept the high prices of the raw material very soon.
