Antimony traders in the US market state that antimony prices are on the rising gradually as the tight-availability of material continues pestering would-be buyers. Market participants have received increased offers in the range of USD7,200-7,300/t CIF US ports this week for antimony metal grade II. They expect to see a gradual increase in prices over the next few days.
A large trader based in New York shared with Asian Metal that he finalized a purchase for a container of antimony metal 99.65%min early on Monday at USD7,300/t CIF Baltimore for delivery in mid-April.
"It took a while to finalize this deal as prices are very likely to increase for the rest of the year as a result of the limit on [antimony] mining quota recently imposed by the Chinese government."
Another trader based also in New York agreed that the offers for antimony metal are increasing in the international market "I am making inquiries for a couple of 10t purchases this week for potential April and have so far received offers close to USD7,300/t CIF US."
Both traders mentioned the tight-availability of material available for April as major setback in concluding deals at this time.
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