Global antimony markets continued to trade at a lower price in both China and Europe amid sustained weak demand, with buyers cautious of placing orders on the anticipation of further price declines.
In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, was at 50,000-50,500 yuan ($7,186-7,257) per tonne on Wednesday November 7, down 1% from 50,500-51,000 yuan per tonne a week ago, despite nearing closer to the cost of production. China's domestic antimony ingot prices continued to soften as of November 7, partly due to the lingering weak demand from downstream industries, sources said. Many sources told Fastmarkets that they had traded antimony ingot at 50,000 yuan per tonne in the pricing week. "The demand...