SMM February 10 News: According to SMM, Shandong Humon Smelting Co., Ltd. has initiated an open tender sale for approximately 65 mt of antimony trioxide (oxide powder) starting today. According to official information, most of this batch of antimony oxide has a purity ranging from 95.78-99.8%, with a small portion exceeding 99.8%. The delivery method is self pick-up by the buyer, with transportation costs borne by the buyer. Buyers are required to make payment before picking up goods, and the delivery location is at Shandong Humon Smelting Co., Ltd.
Currently, the official starting bid price has not been disclosed. Instead, it was stated that the bidding price will be based on the February 12, 2025, Shanghai Metals Market 1# antimony ingot price * coefficient pricing. In other words, this tender adopts coefficient bidding, with the highest coefficient winning. Buyers are to fill in their bid coefficients based on their own circumstances. To ensure timely submission, the inquiry form, a copy of the business license of the participating bidder, and invoicing information (stamped with the official seal) must be sent to 95186930@qq.com by 12:00 noon on February 12, 2025.
Market participants indicated that although antimony oxide prices are currently stable, demand remains weak. The release of approximately 65 mt for tender by Shandong Humon Smelting Co., Ltd. can serve as a test of market consumption capacity to some extent. The final bidding price may reflect certain market conditions, and SMM will continue to follow up on the bidding progress.
