American antimony trioxide market warms up

BEIJING (Asian Metal) 26 Jul 07 – As Hunan miners and metal productions had not reopened their production, Chinese antimony suppliers raised the offers in the oversea markets. American consumers felt the change and started to get back to the market.
A representative of a Chinese supplier told Asian Metal that price of antimony trioxide is as high as USD2.5/lb d.d.p. now, and the price was about USD2.35/lb d.d.p. in early July.
According to the source, there are more inquiries received this week, and deals were concluded at the above price. “I believe the customers feel the higher prices and come to the market before the price gets higher.”
An American trader who located in the east coast confirmed the price at USD2.5/lb d.d.p., and the price was USD2.4/lb d.d.p. two weeks ago. “I only received offers from one Chinese supplier, and all others are not offering material now.” He thinks the Chinese suppliers are holding material waiting for further development in Hunan, “luckily, I have enough in stock now.”
The trader said demand in last week was good due to the raising price, but there are still some consumers who are waiting for the price to come down in the near future.