Tuesday, 06 October 2009
Visit MinorMetals.com | Email us | +44 (0)20 7929 6339
Latest HeadlinesBarrick, Eldorado profits soar on record gold price : Reuters Barrick, Eldorado profits soar on record gold price : Reuters Chinalco, Rio Tinto Ink Deal on Iron-Ore Project : Wall Street Journal Chinalco, Rio Tinto Ink Deal on Iron-Ore Project : Wall Street Journal Chocolatier sees cocoa prices staying high : Financial Times Chocolatier sees cocoa prices staying high : Financial Times Black-box funds perform as bubbles burst : Reuters Black-box funds perform as bubbles burst : Reuters Euro Rises to $1.31 for First Time Since May on Region's Economic Outlook : Bloomberg Euro Rises to $1.31 for First Time Since May on Region's Economic Outlook : Bloomberg Dollar Hits Fresh Multi-Month Lows Versus Euro, Sterling : RTT News Dollar Hits Fresh Multi-Month Lows Versus Euro, Sterling : RTT News Longer-term debt prices sink after US 7-yr auction : Reuters Longer-term debt prices sink after US 7-yr auction : Reuters Swap rates fall below Treasury yields : Financial Times Swap rates fall below Treasury yields : Financial Times US Stocks Slip As Corporate Guidance Stokes Growth Worries : Wall Street Journal US Stocks Slip As Corporate Guidance Stokes Growth Worries : Wall Street Journal Oil prices rise on signs of improving economy : Associated Press Oil prices rise on signs of improving economy : Associated Press MINORS RELEASE - Rhenium demand to outpace supply in 2009, further consumption growth seen - Roskill : FastMarkets MINORS RELEASE - Rhenium demand to outpace supply in 2009, further consumption growth seen - Roskill : FastMarkets US COPPER - US copper hits 12-wk high on weaker dollar, unemployment data : FastMarkets US COPPER - US copper hits 12-wk high on weaker dollar, unemployment data : FastMarkets US GOLD - US gold rises as dollar falters : FastMarkets US GOLD - US gold rises as dollar falters : FastMarkets OZ Minerals steps up acquisition hunt : The Age OZ Minerals steps up acquisition hunt : The Age OZ Minerals steps up acquisition hunt : The Age OZ Minerals steps up acquisition hunt : The Age
NEWS ALERT
Antimony leaps to 11-month highs, hits $6,100/6,300 on spot squeeze
Email this page to a friend - Printer friendly version
London, 06 October 2009 - Antimony jumped above $6,000 per tonne this week in Europe for the first time since November 2008, as key supplier China's absence from the market triggered a scramble for spot metal.

"China upped the price before they went away on holiday, so you have seen business above $6,000," a trader said.

"They [the Chinese] are out so there is a bit of a panic for prompt parcels," another trader said.

Standard grade antimony was quoted at $6,100/6,300 per tonne, up some $200 over the last week, and looks set to move higher still when the Chinese Golden Week shutdown ends at the end of this week.

"There is a squeeze for prompt. There is not that much actual business but there is nothing on the water [being shipped from China]," the second trader said. "When China comes back you may find that offers for 'afloat', which were around $5,900, will be higher."

China is progressively exerting greater control over the market not only by raising its offer prices but also ensuring that there is no breaking of ranks among producers and undercutting the market. The country produced 150,000 tonnes of antimony out of total 2008 global output of 165,000 tonnes.

(Editing by Mark Shaw)
MinorMetals.com
press@minormetals.com
12 Camomile Street,London,EC3A 7PT
t: +44 (0)20 7929 6339
f: +44 (0)20 7929 6369
OutstandingExcellentAveragePoor
MinorMetals.com | press@minormetals.com | +44 (0)20 7929 6339

TERMS AND CONDITIONS

The Terms and Conditions for this service are here.

REPRESENTATIONS AND LIABILITY

1. Fastmarkets represents that:

(i) It will supply the Services in a professional way, using the care that can be reasonably expected for this type of business, and in accordance with the practices and policies which are commonly applicable in the information services industry:

(ii) it is duly empowered to supply the Information and Service(s) to the Client for the purposes specified in this Agreement and that the Service(s) and its use by the Client as specified in this Agreement will not infringe any intellectual property rights of any third party.

2. Although Fastmarkets will use all reasonable endeavours to ensure the accuracy and reliability of the Services, neither Fastmarkets, the Data Sources, or any third-party provider will be liable to the Client (or any third party) for direct, indirect or consequential loss or damage, including but not limited to loss of data, trading or other economic losses, arising out of any reliance on the accuracy of the Information (including but not limited to data, news and opinions) contained in the Service(s) or resulting in any way from the supply (or failure of supply) of the Services. However, Fastmarkets accepts liability for physical loss or damage to the Site caused by its negligence or wilful misconduct.

3. Except as expressly stated in this agreement, all express or implied conditions, warranties or undertakings, whether oral or in writing, in law or in fact, including warranties as to satisfactory quality and fitness for a particular purpose, are excluded.

4. The Client will indemnify Fastmarkets against any loss, damage or cost in connection with any claim or action that may be brought by any third party against Fastmarkets relating to any misuse of the Services by the Client.

5. To the extent permitted by law, under no circumstances will Fastmarkets� liability under this Agreement exceed the Service Fees paid to Fastmarkets by the Client, regardless of the cause or form of action.

PRIVACY POLICY

The Fastmarkets Ltd Privacy Policy is here.