Persistently weak demand in both the Chinese and European antimony markets continued to exert downward pressure on spot prices over the past week.
Metal Bulletin assessed the Chinese MMTA standard grade II, delivered duty paid, antimony price at 51,000-51,500 yuan ($8,018-8,096) per tonne on Wednesday May 2, down from 51,500-52,000 yuan in the prior week."Demand from domestic downstream industries is very weak. Furthermore, the price has fallen steadily in Rotterdam owing to large shipments via the China-Vietnam border over the past two months, so market sentiment has been quite gloomy,"...