SMM

According to customs data, China's antimony trioxide exports in July 2025 were 74 mt, down MoM from 87 mt in June. Many market participants noted that compared to the normal monthly export volume of over 1,000 mt in the past, current antimony trioxide exports are virtually zero. Regarding the fundamental situation of antimony prices, recent market prices have clearly stabilized. The fact that July antimony trioxide exports were less than 100 mt was indeed unexpected. This also indicates that export enterprises' enthusiasm for product exports remains low. Market participants stated that, given this, the full-year antimony trioxide exports for 2025 will be significantly lower MoM than last year.