Chinese arsenic metal price continues to go up
2007-05-23 10:05:57 【Print】
BEIJING (Asian Metal) 23 May 07 – With combined factors of tight raw material supply, reduced supply of arsenic metal and high expectations for the future market, the price of arsenic metal keeps going up, an official from a trading company reported to Asian Metal. The company exports around 80-100t per month.
“Supply of raw materials is tight after the Chinese government halted many small-sized mines,” said the source, adding that supply of arsenic metal reduces this year and may decline further in the coming year.
Two smelters did not supply any arsenic metal during past three months this year, with one halting production for environmental pollutions and the other unable to resume production until getting approvals from environmental protection bureaus. “It is estimated that a monthly supply of 200t of arsenic metal disappeared in the market, which, therefore, pushes the price to go up sharply,” added the source.
Besides, some trading companies, which did not deal with the material years ago, begin to stock arsenic metal, which indicates that the market may climb up further.
“We increase offers of arsenic metal 99%min up from USD1,800-1,820/t FOB Huangpu port last week to USD1,840-1,850/t FOB Huangpu port, and consumers are able to accept the price rise,” said the source.
The source concluded 5t of arsenic metal 99%min at USD2,150/t in warehouse Rotterdam, which is stable compared with that last week. The price will go up further, due to tight supply, forecasted the source.
“Supply of raw materials is tight after the Chinese government halted many small-sized mines,” said the source, adding that supply of arsenic metal reduces this year and may decline further in the coming year.
Two smelters did not supply any arsenic metal during past three months this year, with one halting production for environmental pollutions and the other unable to resume production until getting approvals from environmental protection bureaus. “It is estimated that a monthly supply of 200t of arsenic metal disappeared in the market, which, therefore, pushes the price to go up sharply,” added the source.
Besides, some trading companies, which did not deal with the material years ago, begin to stock arsenic metal, which indicates that the market may climb up further.
“We increase offers of arsenic metal 99%min up from USD1,800-1,820/t FOB Huangpu port last week to USD1,840-1,850/t FOB Huangpu port, and consumers are able to accept the price rise,” said the source.
The source concluded 5t of arsenic metal 99%min at USD2,150/t in warehouse Rotterdam, which is stable compared with that last week. The price will go up further, due to tight supply, forecasted the source.
