SHANGHAI, Mar 9 (SMM) – Antimony raw material resources remained tight in February. Despite antimony ore auctions by Russian Polyus in February, large inflows of Russian antimony ore into the domestic market are unlikely to materialise in the short term. Meanwhile, there has also been issues with Tajikistan’s raw material supply, and frequent war in southern Myanmar is affecting the exploiting of antimony ore. In this scenario, domestic and overseas antimony ore resources can not increase noticeably in the short term.
The price of antimony products has recently reached a plateau. But inventories of antimony ingots in Lengjiang city have dropped to what market participants said was a record low of around 2,000 mt.
Therefore, from the current fundamentals, there is still a strong support for the upside trend of antimony prices.