GLOBAL ANTIMONY SNAPSHOT: Chinese, European prices stabilize amid call for production cuts in China

摘要

Key data from the pricing sessions in Asia and Europe for the weekended Friday June 7. - Domestic antimony price in China stabilizes after antimonybranch of the China Nonferrous Metals Industry Association(CNIA) called on domestic producers to reduce output at a June 1meeting.- Most Chinese antimony suppliers either kept their offer pricesunchanged or refrained from offering in response to the CNIA’s callfor production cuts.- Antimony consumers in China were not eager to restock, citingample supply at plants and the belief that the Chinese antimonyprice will resume its downtrend in the coming weeks.- Relatively high antimony inventories at producers’ plants,concerns over the possible release of stocks from the failed FanyaMetal Exchange and producers’ need to generate cash should keepthe domestic antimony price in China under downward pressureover the long term.