The price of antimony softened in both the European and Chinese markets in the week ended Friday August 16, while the markets reacted to the news that the last of the antimony materials held by the defunct Fanya Metal Exchange will be auctioned later this month.
EuropeIn Europe, Fastmarkets assessed the price of antimony, MMTA standard grade II, in-whs Rotterdam, at $5,750-6,000 per tonne on Friday, down by 0.4% from the previous assessment.Material priced at less than $5,750 per tonne started to approach the market, pushing the price of standard grade II material downward. But some market sources said that they were still able to sell around 25 tonnes at $6,000 per tonne.Meanwhile, Fastmarkets' price assessment for antimony, max 100ppm Bi, in-whs Rotterdam, also softened week on week to $5,900-6,100 per tonne on Friday. This was the second consecutive week with a price fall, narrowing the differential between the two antimony grades at a time of slow demand.The news about the upcoming Fanya auction did not have any significant effect in terms of prices, according to market sources.Last week, Southwestern China's...