The domestic Chinese antimony price fell sharply in the week ended Friday March 13 after some suppliers cut their offer prices significantly to secure business and generate cash in a market where buying interest is scant, market participants said.
Fastmarkets' assessment of antimony, MMTA standard grade II, ddp China slid for the second consecutive week to 38,000-39,500 yuan ($5,421-5,635) per tonne on March 11, down by 5.5% from 40,000-42,000 yuan per tonne in the previous week.Several domestic suppliers were willing to sell their on-hand stocks cheaply, using the cash generated to purchase...