European antimony market keeps strong

BEIJING (Asian Metal) 24 Jul 06 – As there are demands showing in the European antimony market, the price keeps firming and many market participants hold optimistic opinion to the current market.

A European trader regretted that he sold two containers of antimony ingot with low bismuth content at USD5,500/t in warehouse Rotterdam a few days ago when the antimony prices were around USD5,500/t.

The source believes that major consumers of antimony in Europe are low on stock and they will replenish raw material when they get back from the summer holidays, and the antimony market will be firm again.

Another European trader received offers from suppliers and other traders at USD5,550-5,700/t CIF or in warehouse Rotterdam. “Price keeps on firming up, if the Chinese government going to cut the export rebate on August 1st, then we will see another jump of the prices.Asian Metal Copyright “Price keeps on firming up, if the Chinese government going to cut the export rebate on August 1st, then we will see another jump of the prices.Asian Metal Copyright”

With the flood in Hunan recently, although the main antimony production areas are not affected, the transportation from Hunan to Guangdong became difficult and may cause the price rise higher too.