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| China's Antimony Raw Materials Price Adjusted Again |
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| News from AntimonyNet: Since the price adjustment of China's antimony raw materials began last week, the whole market's performance is a weak sluggish. In addition, relying on the strong economic strength, China's large antimony manufacturers are keeping their quotation at the original price. Part of manufacturers are in a status of waiting and seeing because of the too low price. They hope the oversea market will present a rebound after the end of summer holiday in Europe.
However, wheather the oversea inquiry will increase or not is still uncertain seeing from the current situations of the world antimony market.It is possible that the higher quotation will cause the oversea buyers to suspend entering the market and hope to purchase after the price falling.
Seeing from the trend of afternoon market, if the business deals are still not good, on one hand, most munafacturers will hold the product tight, on the other hand, it will probably force the price of China's antimony metal to fall and break through RMB 40,000/MT, close to the cost price. Therefore, the market pressure will continue to enlarge and the price of antimony trioxide will be influenced to some extent soon. The price of other antimony products will present a chain-falling condition soon after.
Information department of AntimonyNet
Update time: Aug.22nd, 2007
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