Antimony prices moved down in both Chinese and European markets in the week ended Friday November 23 amid weak consumer demand.
In China, Fastmarkets' price assessment for MMTA standard grade-II antimony, delivered, duty-paid, stood at 50,000-50,500 yuan ($7,211 -7,283) per tonne on November 21, down 0.7% from 50,200-51,000 yuan per tonne a week earlier amid persistent weak demand in the domestic market. China's domestic antimony market was comparatively quiet in the week ended on November 23 amid thin trading activity after many buyers were heard to have held off from entering the market for restocking during the past week, according to market sources. "We did not buy [antimony ingot] this week as we currently have sufficient stocks in the plant and we do not want to build up any more stocks...