16 Sep 08 – Because of the slow demand, prices of antimony products continue to fall in the Chinese export market. However, the European market participants holds that the prices are falling in US Dollar, but still expensive in EURO.
An official from a European consumer disclosed to Asian Metal that the price of 99.5%min antimony trioxide further to slightly below USD5,600/t CIF Rotterdam, but exchange of EURO had dropped from the highest 1.58 against USD to current 1.40-1.42. "Compare the 2-3% dropping in the antimony trioxide price with the 10% decrease of currency, the antimony price is mostly paid in USD, and we are paying more," the official remarked.
The source sees the supply of antimony is tight in the world market. However, he added: "the demand is even shorter." He takes that the reasons for the weak demand are weak economy in general and the possibilities of using alternatives.
A trader disclosed to Asian Metal that the price of antimony trioxide is softening, and market is very quiet at the moment. According to him, the offers from China fall to the range of USD5,600-5,650/t CIF Rotterdam from USD5,700/t CIF a week ago. "No deals I heard concluded in Europe, so cannot give a price for prompt material in Rotterdam warehouse."
AsiHe agrees that some consumers are paying more for the raw material when they pays in EURO, and antimony is a products which is dealt in USD most of the time.
He holds that economy is very slow in Europe, and also calm down in Asia, so demand of antimony trioxide is not going to pick up for the rest of the year. "Antimony market will just remain quiet for the next few months," said the trader, pessimistically.
An official from a European consumer disclosed to Asian Metal that the price of 99.5%min antimony trioxide further to slightly below USD5,600/t CIF Rotterdam, but exchange of EURO had dropped from the highest 1.58 against USD to current 1.40-1.42. "Compare the 2-3% dropping in the antimony trioxide price with the 10% decrease of currency, the antimony price is mostly paid in USD, and we are paying more," the official remarked.
The source sees the supply of antimony is tight in the world market. However, he added: "the demand is even shorter." He takes that the reasons for the weak demand are weak economy in general and the possibilities of using alternatives.
A trader disclosed to Asian Metal that the price of antimony trioxide is softening, and market is very quiet at the moment. According to him, the offers from China fall to the range of USD5,600-5,650/t CIF Rotterdam from USD5,700/t CIF a week ago. "No deals I heard concluded in Europe, so cannot give a price for prompt material in Rotterdam warehouse."
AsiHe agrees that some consumers are paying more for the raw material when they pays in EURO, and antimony is a products which is dealt in USD most of the time.
He holds that economy is very slow in Europe, and also calm down in Asia, so demand of antimony trioxide is not going to pick up for the rest of the year. "Antimony market will just remain quiet for the next few months," said the trader, pessimistically.
No comments:
Post a Comment