Antimony trioxide quotations up

BEIJING (Asian Metal) 18 Jan 08 - With the continuous appreciation of RMB, Chinese exporters rise quotations of antimony trioxide again. However, it seems buyers in international market still need time to digest the price increase and most of them are watching the market without taking any steps.
Asianmetal(English) http://www.asianmetal.com 5EAN A Guangdong-based trader, who mainly exports antimony trioxide without famous brand, lifted the quotation to USD4,850/t FOB from USD4,800/t FOB last week. However, no deal has been concluded after the price adjustment.
Asianmetal(English) http://www.asianmetal.com VWDC "We raised our price to cope with the steady appreciation of RMB, but our customers said that they would not like to accept the price increase and prefer to watch the market for a while to see if Chinese would reduce offers a little at the eve of Spring Festival as they did in the previous years," said the source.
Asianmetal(English) http://www.asianmetal.com 725X Another Guangdong-based trader sold two or three containers of antimony ingot with famous brand at a price equivalent to a level slightly over USD4,950/t FOB this week, about USD100/t higher than concluded prices early this month. "The concluded price for the antimony trioxide we deal with is USD50-100t higher than common materials for its superior quality," the source explained.
Asianmetal(English) http://www.asianmetal.com 6R9T The source also confirmed that the appreciation of RMB is the main factor stimulating traders to increase offers. "The profit we get through antimony trioxide business does not change much even if we raise offers. The fast change of exchange rate makes export business more difficult to conduct," the source added.
Asianmetal(English) http://www.asianmetal.com OBJP The source predicts that the price will probably move higher before the Spring Festival and plans to replenish inventories in order to cash in on higher prices after the long holiday. However, the source acknowledged that most overseas buyers refuse to accept the increased price and prefer to watch for a while.