European antimony market firm

BEIJING (Asian Metal) 21 Jan 08 – Due to the reason that Chinese suppliers raised antimony offers because of stronger Chinese RMB against U.S. Dollar and snow in many parts of China, European antimony deals expect higher prices in the near future, and they reported to Asian Metal that the current market is firm with some demand in the market.
Asianmetal(English) http://www.asianmetal.com UVGU A Belgium sold 15t 99.65%min standard grade two antimony ingot in the end of last week at USD5,645/t in warehouse Rotterdam, and he sees antimony market is firm in Europe. “There were some inquiries in the market and are under negotiations now.”
Asianmetal(English) http://www.asianmetal.com C53I Because some producers claimed that they have transportation problems after the snow in Southern China, and the snow could result in shipment delays, the source believes the European market could go up higher as the stockpile in Rotterdam is low now.
Asianmetal(English) http://www.asianmetal.com 99TE A UK trader confirmed to Asian Metal that he suddenly received more inquiries by the end of last week. “A few customers who preferred to hold at beginning of the month returned to me asking for material,” said the trader who quotes the mainstream price for the standard grade two material in the range of USD5,600- 5,650/t in warehouse Rotterdam.
Asianmetal(English) http://www.asianmetal.com 9IEA According to him, the stockpile in Rotterdam warehouse is not much. Therefore, he agrees that the price is likely to move upwards as the Chinese asked. “I think some consumers are in the market because they realize that the price will not fall in the next few weeks, especially during the Chinese New Year holiday.”