Antimony ingot market runs slowly in Russia

Sources in Russia revealed that the antimony ingot market has been sluggish recently due to continuously low demand. The price of antimony ingot 99.65%min keeps stable at around RUB190-195/kg (USD7,037-7,222/t) d.d.p. in the spot market, and participants believe that the market may not rebound in the near future.
A trader in Russia, who has a monthly trading volume of around 20t of antimony ingot, said, "We did not conclude any deals in the last two weeks, and received fewer inquiries." The source remains consuming the inventories purchased some material at the end of September.
The source revealed that the devaluation of ruble and the low demand in the market result in few spot deals as some consumers have already reduced the purchasing quantities. "I think the price of antimony ingot 99.65%min keeps stable at around RUB190/kg (USD7,037/t) d.d.p. in the spot market, the same as that of last weekend," said the source.
The source is pessimistic about the antimony ingot market in the following two weeks. "The price of antimony ingot 99.65%min may fall below RUB180/kg (USD6,666/t) d.d.p. in the spot market due to the continuously low demand," said the source.
Another trader in Russia revealed that the offers of antimony metal have been wide-ranged recently as some traders holding stocks have lowered their offers to promote sales for fear of the price falling. "I think the price of antimony ingot 99.65%min keeps stable at around RUB190-195/kg (USD7,037-7,222/t), but few deals are concluded," said the source.
The source disclosed that many end-users have reduced the purchase quantities of antimony ingot due to continuously low demand, and the market may not rebound in the near future.