European antimony remains unclear
2006-07-05 13:34:33 【Print】
BEIJING (Asian Metal) 5 Jul 06 – Because the Chinese government did not announce the cut of export rebate on 1st July, there are mixed messages in the European antimony market
A European trader told Asian Metal that the offers he received from the Chinese suppliers are most in the range of USD5,200-5,300/t CIF Rotterdam, but the offers from other European traders are below USD5,000/t in warehouse Rotterdam.According to the trader, it is not very difficult to obtain standard grade two material in the European market.
“It is hard to say where the market is going,”the trader revealed that as most people are preparing their holidays in July, he only received one inquiry of five metric tonnes this week, and the deal is still in process.“Although we are seeing high prices from China, but personally, I think price will come down very fast,”said the trader.
A UK trader holds pessimistic attitude towards the future antimony market. He claimed that it is hard to find an antimony buyer in Europe and if one wants to make a sale that he has to offer the material at below USD4,500/t in warehouse Rotterdam.“Especially at a time that summer is already right in front of you.”
However, some suppliers and traders still believe the market is going to climb and reach USD5,500/t in warehouse Rotterdam in the next few weeks, and they are holding back from offering the material in the market.
