The Chinese antimony market moved up amid tightness in antimony concentrates, an uptrend in European markets and potential production cuts in Lengshuijiang following the arrival of environmental inspection teams last week.
Metal Bulletin assessed Chinese MMTA standard grade II, delivered duty paid, antimony prices at 51,000-51,500 yuan ($7,979- 8,057) per tonne on Wednesday May 23, up from 50,000-51,500 yuan in prior week. "Antimony metal prices are being buoyed by the persistent tightness in antimony concentrates even though 1,700 tonnes of off-grade antimony concentrates (with 20-25% of antimony content and around 50-70g of gold from Russia) arrived in China recently," a market insider said. The 1,700 tonnes of off-grade...