GLOBAL ANTIMONY SNAPSHOT: European, Chinese prices stable; trade tensions and Fanya stock concerns continue

August 06, 2019 / www.metalbulletin.com / Article Link

Key data from the pricing sessions in Asia and Europe for the week ended August 2.

China







Key drivers



The price of antimony MMTA standard-grade II, ddp China, remained flat week on week due to sparse trading activity. Domestic antimony suppliers remained resolute in holding their offer prices firm, citing limited ore material at hand.Some domestic antimony consumers chose to sit on the sidelines after having restocked some tonnage for prompt production needs a week before.  Views diverged on the near-term outlook of the antimony price in China. Some sources expect the metal's price to either remain stable or rise slightly amid an expected increase in demand in late August, while some market participants believe downward pressure will continue to haunt the market due to renewed concerns about the possible auctions for the large volumes of antimony held in the Fanya Metal...

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