GLOBAL ANTIMONY SNAPSHOT: Chinese price drops below production cost for many; EU prices dips

摘要

Key data from the pricing sessions in Asia and Europe for the weekended Friday May 17. - The Chinese domestic antimony price tumbled for the secondconsecutive week after some domestic producers cut their offerprices further in an attempt to generate cash to pay bank loans.- Yet some domestic antimony suppliers were resistant insurrendering much on the prices further, and some were evenheard to have suspended production, both citing severe losses.- The antimony market will continue facing downward pressure inthe short term due to relatively high stocks in the market, but thepace of the downtrend is likely to slow given that the current pricehas already fallen below most suppliers’ production costs.- Chinese antimony consumers remained cautious about bothprocurement rate and volume last week in anticipation of afurther dip in the metal’s price in the coming weeks.