China's Antimony Oxide Exports Fell Sharply MoM in October [SMM Data]

According to customs data, China's antimony oxide exports in October 2025 were 180 mt. On a monthly basis, compared with the export volume of 111.2 mt in September, the MoM change was relatively small, showing only a slight increase, but it was almost negligible compared to the normal export volume. Many market participants indicated that compared to the normal monthly export volume of several thousand mt in the past, current antimony oxide exports are essentially close to zero, reflecting weak export willingness in the industry chain. Regarding the fundamentals of the current antimony market, after prices recently stopped falling and stabilized, they rose rapidly, leading sellers to be more cautious in selling their supplies, with strong reluctance to sell. The reluctance to export is even more pronounced. Many market participants noted that October's antimony oxide exports of only around 100 mt were within expectations, indeed indicating that antimony export enterprises still lack enthusiasm for product exports. Market participants still expect that the full-year antimony oxide export volume for this year will be far lower than last year's level on a MoM basis.