Sunday, September 23, 2007 The Price of Antimony Products Soars Up Entirely and Will Be Higher In the Near Future Comprehensive News From AntimonyNet: During the past three weeks, the price of 99.85 antimony metal in China has increased from RMB39,000/MT to RMB41,000/MT and FOB Huangpu, China has risen from USD5,400/MT to USD5,700/MT. It is anticipated by AntimonyNet analyzers that the price of antimony raw materials is still able to rise by about RMB1,000 in this month or much longer time.
Below are the reasons for the price rising we got:
1. Chinese government attaches greater and greater importance to the environmental protection and moreover lays heavy stress on the source that influences the environment, so there is certainly a much more strict rectification on the antimony raw materials production including the mining conditions, mineral separation, ore wash and the smelting condition of crude antimony. Thus, the smelting materials of antimony metal in the market decreases obviously and the market presents an exceptionally short supply of antimony ore. The price of antimony metal will certainly rise.
2. Most of the Chinese antimony metal smelters have no stock. Besides, several large scale antimony metal smelters even have not provided goods to customers that have paid earnest money. It is said that the quantity of goods prepaid is very large. The stock of antimony metal in antimony trioxide manufacturing companies is also rare, only 10 days' stock on average. Therefore, they have no choice but to purchase antimony metal once there are orders. As a result, the antimony metal smelters will certainly increase the selling price.
3. The world antimony market also becomes hot gradually in the past two weeks and the demand of antimony products increases obviously. Influenced by the price rising of Chinese market, they are only able to import antimony products at the rising price, which makes the antimony market much hotter.
The condition that demand exceeds supply can not be smoothed down in the near two weeks and additionally the stock is generally rare, so the price of antimony products will continue to rise in this week or much longer time.
YTC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
