Antimony offers from China dry up on renewed smuggling crackdown
Tightness along the border between China and Vietnam has increased amid rumours that the Vietnamese government has started to clamp down on shipments of antimony through this route.
In-warehouse Rotterdam prices held at $9,400-9,700 per tonne for standard grade II and $9,500-9,800 for trioxide grade as demand remained sluggish. But a renewed clampdown on smuggled material through Vietnam supported prices. “Smuggling is a big issue for the Vietnamese government and they have said they will stop exports in and out of Vietnam,” a trader told Metal Bulletin. Shipments from small ports in Vietnam have been stopped as part of the crackdown, some said, while others said the government has imposed a 10% levy on material.
Related Posts
Fake auto parts industry growing at alarming rate
The spiralling growth of Indian automobile industry has also led to an increase...
Rs17-crore imported cigarettes seized in Navi Mumbai, 2 held.
The Directorate of Revenue Intelligence (DRI) seized smuggled, foreign-origin...
Negeri Sembilan Customs seizes contraband cigarettes worth RM4.16m
SEREMBAN, Jan 24 — The Negeri Sembilan Customs Department seized 5.5 million...
JAILED: Student who was part of £2 million tobacco smuggling conspiracy
A student has been jailed for her part in a £2 million tobacco smuggling...