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Antimony pricing in economic crisis

October 28th, 2008

Antimony bucks commodities tend in economic crisis.

It has become clear that the world has entered an economic downturn that does not appear to leave any industry unscathed. Expect the antimony metal market, that is. Reduced demand in recent weeks for most commodity metals has caused a sharp downturn in price. Many metals are down by 33% or more.

However, the price of antimony has only declined by less than 5%. Most prices are falling due to a lack of demand because of the global recession. The antimony market has seen a lessening of demand as well, but also a large decrease in supply. In early October, the Chinese government closed many small to medium size antimony producers in Hunan province. These operations account for approximately 30% of the world’s antimony supply.

The closures are the result of government led investigations into the presence of arsenic in the environment. Arsenic is a byproduct of the antimony refining process and it appears that high levels of the metalloid have entered the water supply feeding the Zi River in Hunan province. Environmental authorities have closed the operations indefinitely in order to discover how the contamination is happening and how to stop it. Because of the reduced supply, the antimony market has so far avoided the drastic reduction in price of other metals markets.

REACH pre-registration deadline

October 20th, 2008

REACH is a new European Regulation that went into effect on June 1, 2007. REACH stands for Registration, Evaluation, Authorization, and Restriction of Chemical Substances. Although this is a European regulation, it affects any business that does business in Europe or wants to in the future. The main goal of REACH is to identify and classify all chemical substances and materials that come into any EU nation in order to protect the health of EU residents and their environment better. But what does it mean to a small American business like ours?

Since we have no European subsidiary or division of our business, we are required to appoint an Only Representative within the EU that can pre-register and register on our behalf any chemicals, chemical mixtures, or substances that we sell into the EU in a quantity greater than one ton. Of course, the pre-registration and registration has a cost associated with it. Pre-registration consists of identifying the chemicals and substances we sell into the EU and in what quantity. The deadline for pre-registration is November 30, 2008. Registration deadlines range from 2010 to 2018 depending on the volume and hazard level of the substance. Our Only Representative will be responsible for reporting any chemicals or substances that we export to the EU in quantities greater than one ton in exchange for a yearly fee.

Amspec found and hired an Only Representative and we have filed the necessary paperwork to pre-register the products that we currently sell into the EU. For now, that is all that we need to do. We will keep you posted as the registration process progresses and let you know any major hurdles we encounter. Good luck with your REACH experience and please let us know anything interesting you come up against or if you have any tips to share.

Potassium pyroantimonate application - hydroseeding

August 18th, 2008

Golf course

photo by defrost.ca

Mid August to mid September is generally the best time of the year to plant new grass seed. Hydroseeding is a very popular way of planting grass over large tracts such as golf courses or along roads. Hydroseeding is much more cost effective than laying down sod, and is generally faster and better than sowing dry seed.

In the hydroseeding process, the landscaper prepares a mixture of seed, water, fertilizer, fiber mulch, and several additives and then sprays the mixture onto the desired area with a hose. One of the additives present in most hydroseeding mixtures is a crosslinker. Amspec sells one such crosslinker that some companies use in some hydroseeding applications, potassium pyroantimonate. The purpose of the crosslinker is to facilitate bonding of the grass slurry to the soil. The result is a kind of mat over the soil that allows enough rainwater to filter through without eroding the soil or washing away the seed. Hydroseeding slurries with a crosslinking agent are especially useful on steep slopes.

The Olympics and the price of antimony

August 11th, 2008

The Games of the XXIX Olympiad just began in Beijing, China on Friday, but the antimony market has felt their affects for some time already. Everyone knew that there would be temporary restrictions on manufacturing and transportation before and during the Games. Therefore, we anticipated short-term increases in price due to a lack of supply just before the Games until slightly after when smelters could ramp up production again. However, other factors have led to even more drastic reductions than expected.

Several months ago, the Chinese government decided to ration the use of all explosives severely in preparation for the Games. Reports that the Beijing Olympics could be a serious terrorist target and the possibility for violent pro-Tibet protests precipitated this action. That meant that almost all mining operations halted. Since Chinese mines produce about 85% of the world’s antimony, this caused a drastic fall in supply. Low supply and high demand have led to price increases. Threats of terrorism have also led the Chinese government to limit traffic in and out of their ports so this has caused an even tighter squeeze.

Everyone hopes that after the Games things will go back to normal, but it will likely take a few months for the mines and smelters to catch up with orders and for prices to start to fall.

Amspec adds a blog to corporate website

August 8th, 2008

Blogging is an increasingly important way for organizations, global consumers, and local community members to both disperse and find information on almost any subject. In order to stay on the cutting edge, Amspec has incorporated a blog into its new website. With our blog we will provide you with news and information about Amspec as well as the industries we touch. Our ultimate goal is to create an active online community where anyone who reads our posts will have the opportunity to respond. Responses can be anything from supplementary information, comments on our opinions, or additional questions that you would like us to answer. Once you post a response or comment, then anyone who visits our blog can read that as well. We are very excited about this new way to interact with our key stakeholders, who include our current customers, suppliers, prospective customers, and local community members.

Amspec rolls out new website

August 8th, 2008

In today’s fast paced and connected world many people look to find all the information they need online. It is crucial for any business to have a strong online presence including tools that make it easier for people to do business with you. It is also important to provide as much information as possible. To that end, Amspec is rolling out a new website utilizing Web 2.0 technology and many new tools that will make it easier for you to do business with us.

You can now find all of our product information online including technical datasheets complete with information about the appropriate uses for our products. Our home page now tells you about a featured product which will be updated monthly. This featured product section will tell you more detailed information about the product and offer special purchasing options as well. You will also notice the addition of a Blog section to our home page. We hope to offer news about Amspec as well as industry updates and notices. The flame retardant market has news relating to legislation and regulations often so we hope that amspec.net will be the place you check for those updates. Other changes include our “Contact Us” page. It is now much simpler which allows for faster submission and requests that are more general.

Amspec aims to stay on the cutting edge of technology in order to provide you with the most pleasant internet experience that we can. If you have any suggestions or comments on how to improve our website, then please do not hesitate to contact us.

Amspec celebrates 25 years in business

April 1st, 2008

Amspec has reached an important milestone of twenty-five years in business. Over the last quarter century, we have seen the end of the Cold War, at least one recession, and the emergence of China as a world economic power. Through all of these major events that have rocked the metals market, Amspec has remained a constant and reliable source for all your antimony trioxide and antimony based chemical needs.

In 1983, Antimony Products of America formed Amspec Chemical Corporation to purchase the former Harshaw Chemical Company antimony smelting operation in Gloucester City, NJ. Today, Amspec no longer focuses on producing our own antimony oxide. We have shifted our emphasis to distributing antimony trioxide and manufacturing an array of products using antimony trioxide as a key ingredient. While our business model has changed over the years, we have never stopped giving excellent customer service and delivering quality products to our customers.

We look forward to serving the plastics, textiles, adhesives, coatings, oil field service, petroleum refining, glass, explosives, aerospace, and many other industries for the next 25 years in our modern facility in Northern Delaware. We are excited for what the future holds for Amspec and our customers.