BEIJING (Asian Metal) 3 Aug 10 – Market participants reported to Asian Metal that antimony trioxide market keeps stable as end-users expect lower price and grudge making purchase when price is dipping.
A producer from Hunan, with an output of 100tpm, reported that the market runs quietly as antimony trioxide price is dipping with few deals concluded. The source disclosed that they hold around 10t of antimony trioxide in stock, without antimony ingot inventory. "Hope antimony ingot price to go down further, then we will buy in the material to produce antimony trioxide," said the source. "The acceptable price for antimony ingot is RMB57,000-58,000/t ex works for us."
According to the source, antimony trioxide price will not decrease fast like it happened in June as antimony ingot supply remains tight. "Due to the weak demand in summer season, antimony trioxide producers and traders decrease their prices to stimulate the market and increase sales volume," stated the source.
An end user, with a purchase quantity of 30tpy of antimony trioxide, revealed that they mainly purchase antimony trioxide 99.5% as fire retardant when they produce plastic. "Global economy was weak in the first half of year, so it dose not have motivation for plastic price to increase. Antimony trioxide price is twice of that early this year, and our cost rises fast, so we reduce our usage," said the source.
"The market keeps inactive for the moment, but antimony trioxide price will rebound late August as many market participants in Europe come back to the market from their holiday," said the source. "The price should not drop in the second half of this year, for the demand increases in line with recovery of global economy."
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