Lack of demand, European antimony trioxide market remained quiet this wee.
A European trader disclosed that he received an offer of 99.5%min antimony trioxide at USD5,480/t FOB China. "I think this is too expensive, and I will discuss with the producer see if I can get at least USD30/t decrease," said the source.
He disclosed to Asian Metal that European market had been very quiet lately that he had not even received one inquiry in the last few days. "Things are not going well; we will have very bad impact from American economy soon, and demand of many commodities will not be strong," the source remarked pessimistically.
Another trader confirmed the weak market in Europe that he also received no inquiry this week and offers received for both in warehouse and CIF Rotterdam had dropped. According to him, the price is around USD5,600/t in warehouse Rotterdam, and USD5,500-5,550/t CIF Rotterdam, but consumers are not interested.
He thinks that the weakening economy is driving all metal market down at the moment, and it is difficult to see price recovers this year. "There is not many supply from China because of Olympic Games, but demand in Europe is even fewer," said the trader.
A European trader disclosed that he received an offer of 99.5%min antimony trioxide at USD5,480/t FOB China. "I think this is too expensive, and I will discuss with the producer see if I can get at least USD30/t decrease," said the source.
He disclosed to Asian Metal that European market had been very quiet lately that he had not even received one inquiry in the last few days. "Things are not going well; we will have very bad impact from American economy soon, and demand of many commodities will not be strong," the source remarked pessimistically.
Another trader confirmed the weak market in Europe that he also received no inquiry this week and offers received for both in warehouse and CIF Rotterdam had dropped. According to him, the price is around USD5,600/t in warehouse Rotterdam, and USD5,500-5,550/t CIF Rotterdam, but consumers are not interested.
He thinks that the weakening economy is driving all metal market down at the moment, and it is difficult to see price recovers this year. "There is not many supply from China because of Olympic Games, but demand in Europe is even fewer," said the trader.
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