13 Aug 08 – As supply continues to be tight in China, European antimony market prices rise fast.
A European trader told Asian Metal that antimony price continues to increase in European market that the new offers of 99.65%min low bismuth grade two antimony ingot is in the range of USD6,550-6,600/t CIF Rotterdam, and he booked some material in the lower end of the range.
According to him, there is one peculiar phenomenon that some Chinese traders look for material from European market, which he believes the material in China is almost exhausted. Moreover, high grade material is extremely difficult to find as people do not have stock or are not willing to make offers. He helped a Chinese trader booked a parcel of 99.8%min grade one antimony ingot at USD6,950/t in warehouse Rotterdam for delivery in beginning September.
He takes that the price will continue to increase because the shortage of material, and price may break USD7,000/t when demand increase in end of August or beginning of September.
A European consumer received offers in the range of USD6,500-6,600/t CIF Rotterdam for 99.65%min low bismuth grade two antimony ingot. He disclosed to Asian Metal that he bought material in advance because he thought price would go up higher during the Olympic Games.
The source holds that there are few activities in the market, which were initiated by traders so the price could keep at the high level. According to him, many people are still in summer holiday, and it is unlikely to have real demand in Europe. "Price may keep at the currently level during Olympic games."
A European trader told Asian Metal that antimony price continues to increase in European market that the new offers of 99.65%min low bismuth grade two antimony ingot is in the range of USD6,550-6,600/t CIF Rotterdam, and he booked some material in the lower end of the range.
According to him, there is one peculiar phenomenon that some Chinese traders look for material from European market, which he believes the material in China is almost exhausted. Moreover, high grade material is extremely difficult to find as people do not have stock or are not willing to make offers. He helped a Chinese trader booked a parcel of 99.8%min grade one antimony ingot at USD6,950/t in warehouse Rotterdam for delivery in beginning September.
He takes that the price will continue to increase because the shortage of material, and price may break USD7,000/t when demand increase in end of August or beginning of September.
A European consumer received offers in the range of USD6,500-6,600/t CIF Rotterdam for 99.65%min low bismuth grade two antimony ingot. He disclosed to Asian Metal that he bought material in advance because he thought price would go up higher during the Olympic Games.
The source holds that there are few activities in the market, which were initiated by traders so the price could keep at the high level. According to him, many people are still in summer holiday, and it is unlikely to have real demand in Europe. "Price may keep at the currently level during Olympic games."
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