Recent large-scale production suspensions by antimony producers in central China's Hunan province have partly offset the negative effects of the recent announcement of an auction for the entire antimony stock held in the defunct Fanya Metal Exchange, market sources told Fastmarkets.
Fastmarkets assessed the price for antimony, MMTA standard-grade II, ddp China at 36,500-37,500 yuan ($5,168-5,310) per tonne on Wednesday August 21, down by 0.7% from 36,500-38,000 yuan per tonne a week earlier. The price fall has slowed significantly this week since falling by 1.3% from 37,000-38,500 yuan per tonne on August 7. Southwestern China's Kunming Intermediate People's Court will auction all 18,661 tonnes of antimony ingots held by the collapsed Fanya between 10am Beijing time on August 31 and 10am on September 1, Fastmarkets previously reported. News of the antimony auction aroused concerns that domestic suppliers will slash offer...