GLOBAL ANTIMONY SNAPSHOT: Chinese prices continue fall; European traders reluctant to cut offers

摘要

Key data from the pricing sessions in Asia and Europe during the week ended Friday August 30. - The price for antimony, MMTA standard grade II, ddp China, continued to soften over the week after some domestic suppliers slashed their offer prices further to encourage sales amid sluggish demand. - A few Chinese antimony producers, which refused to make a further compromise on the prices a week earlier, surrendered much further on prices over the week ended August 30 amid the latest escalation in trade tensions between the United States and China. - Many Chinese domestic antimony consumers showed scant interest in building up stocks of antimony, citing lackluster demand for antimony trioxide and the resultant softening of the price. - Some market participants were expecting a rebound in the price after the total volume of antimony stocks held by the collapsed Fanya Metal Exchange was successfully auctioned on September 1.