Easter holiday keeps European antimony market stable

With many people still not back to office now, European antimony market kept quiet so far this week. Market participants expect price to remain stable at the current level.

A European trader disclosed that Chinese suppliers are offering material at USD5,800-5,850/t CIF Rotterdam for 99.65%min low bismuth antimony ingot, but the major consumers in Europe are asking for lower price at USD5,700-5,750/t. "It is impossible for us to do business at the moment," said the trader.

He holds that price will keep stable this week due to the Easter holiday, and drop by another USD50/t next week when all European people come back to work.

Another European trader confirmed the price of USD5,750-5,850/t CIF and in warehouse Rotterdam for 99.65%min standard grade two antimony ingot, and he said Chinese suppliers stopped offering because the of the Western holiday. Therefore, there is no change in the market this week.

Commenting on the future market, the trader believes antimony metal price willn' t drop to below USD5,700/t,  and stabilize at that level until summer holidays.