Antimony trioxide price expected to rise

The price of antimony trioxide tended to stabilize early last week, and many producers and export suppliers plan to lift their offers this week.
A major producer in Yunan reported that inquiries have been increasing during the past one week, and they have concluded some deals at above RMB36,000/t (USD5,271/t) ex works, which is a little higher than the price in early December.
The source only sold a small quantity of antimony trioxide last month because the price was decreasing and most buyers preferred to watch the market at that time. "Buyers seem more active now," the source said, showing that they will adjust the price up according to the market situation.
A supplier from Hunan revealed to Asian Metal that they will raise their offer later. "More and more overseas buyers are busy inquiring, and we have already closed some contracts recently at prices around USD5,550/t FOB China," the source said.
The source did little business in late November and early December. "Buyers were expecting the price to decrease, and would like to wait for a while. However, they start to place their last orders before the Christmas holiday now," the source said.
The source expects the price of antimony trioxide will climb up with more deals concluded in the following ten days. "Since overseas buyers who have not purchased the material intend to replenish their stocks, the market might be a little active this week," the source said. Meanwhile, the source still believes that the supply of antimony ingot is tight which might push the price of antimony trioxide up.