Influenced by the European summer break, the international antimony prices stop going up.
The Antimony Metal (Bi :100ppm max) prices stabilize at USD 6,350-6550/Mt in the current European market, and the prices of MMTA are steady at USD 6,350-6,500/Mt.
It is revealed by the European traders that the purchasing inquiries from the customers have been reduced at present and the prices are relative stable. Meanwhile the antimony metal stocks begin to increase in the hand of European traders.
Analysed by insiders, the current purchasing quantity reduces in European areas, and the most possible factors for this situation are: The largest European antimony consumers have already done with preparing stocks for summer break and influenced the whole European market purchasing quantities to reduce.
From supplying aspect, the insiders in Europe have also admitted that the current tight situation has eased. However, the European market price of antimony will remain strong for some time. The current market situation is more contradiction that although be lacking of buying, the output of antimony metal in China will be decline because of Olympic Games. Therefore, the amount of supplying will be decrease. The price of metal antimony in Eurpoean traders remain at 6,500 dollars/ton.
Chinese market price of antimony situation remains stable, but the trades still decrease, and the domestic market gets a panic to the decline of Europe buying. At present, Chinese domestic price stability on the 2nd antimony is RMB 41500-42300/ton, and this price is equivalency to the prices weeks before.
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