Key data from the pricing sessions in Asia and Europe during the week ended Friday August 23.
Europe
Key drivers
Prices for both grades of antimony in Europe weakened on August 23 due to slow demand and few tonnages being exchanged.
The price for antimony MMTA standard grade II, in-whs Rotterdam, has fallen by 0.4% while that for antimony max 100 ppm, Bi in-whs Rotterdam, has dropped by 0.8%, according to Fastmarkets’ latest assessment. This narrowed the differential between the two grades.
The market remains quiet, with participants taking a watchful stance while awaiting the outcome of the Fanya Metal Exchange auction due to take place on August 31.
Participants generally expect the material to remain in China and largely pose no disruption to prices in Rotterdam. For some, a surplus of material in the domestic market could force small Chinese enterprises to reduce output, which in turn could offset any…