Monthly Antimony Market Report Apr 2021
2021-05-11 15:26:39 【Print】
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1. Market Highlights
Chinese antimony prices moved downwards amid fluctuation in April 2021 affected by soft demand. Antimony concentrate 50%min prices were close to RMB50,000/t (USD7,774/t) EXW D/P at the end of the month as suppliers had to cut their prices to boost sales owing to lower prices for antimony ingot and slight increase of antimony concentrate supply in the domestic market. Antimony ingot prices were close to RMB60,000/t (USD9,329/t) at the end of April 2021 as suppliers had to slightly cut their prices to explore the market situation against the backdrop of few deals in the market caused by the fact that antimony trioxide producers refused to purchase antimony ingot owing to few orders for their own products; however, domestic antimony ingot producers' operating rates created a new low by now in 2021 influenced by environmental inspections. Prices of antimony trioxide declined by nearly RMB3,000/t in April 2021 after struggling at around RMB60,000/t in early April and the gap between highest and lowest prices widened gradually caused by the fact that suppliers were in fierce competition in prices against the backdrop of few orders in the market. The international antimony market saw prevailing pessimistic attitude in April 2021 with prices going down further: antimony ingot prices in the international market declined from USD11,000/t to USD10,000/t or even a lower level; antimony trioxide prices also dropped by approximately USD1,000/t, which caused consumers to be more inclined to cut their stocks with a stronger wait-and-see attitude towards the market outlook and resulted in continuously few deals in the international market. In connection with the current market situation, the influence brought by tight supply of raw material on the market will be less than that brought by demand; that is to say, the demand in the market will directly decide the market outlook of May 2021. There is relatively insufficient impetus for antimony prices to go up against the backdrop of the overall rise of prices for large non-ferrous metals.
Chinese antimony prices moved downwards amid fluctuation in April 2021 affected by soft demand. Antimony concentrate 50%min prices were close to RMB50,000/t (USD7,774/t) EXW D/P at the end of the month as suppliers had to cut their prices to boost sales owing to lower prices for antimony ingot and slight increase of antimony concentrate supply in the domestic market. Antimony ingot prices were close to RMB60,000/t (USD9,329/t) at the end of April 2021 as suppliers had to slightly cut their prices to explore the market situation against the backdrop of few deals in the market caused by the fact that antimony trioxide producers refused to purchase antimony ingot owing to few orders for their own products; however, domestic antimony ingot producers' operating rates created a new low by now in 2021 influenced by environmental inspections. Prices of antimony trioxide declined by nearly RMB3,000/t in April 2021 after struggling at around RMB60,000/t in early April and the gap between highest and lowest prices widened gradually caused by the fact that suppliers were in fierce competition in prices against the backdrop of few orders in the market. The international antimony market saw prevailing pessimistic attitude in April 2021 with prices going down further: antimony ingot prices in the international market declined from USD11,000/t to USD10,000/t or even a lower level; antimony trioxide prices also dropped by approximately USD1,000/t, which caused consumers to be more inclined to cut their stocks with a stronger wait-and-see attitude towards the market outlook and resulted in continuously few deals in the international market. In connection with the current market situation, the influence brought by tight supply of raw material on the market will be less than that brought by demand; that is to say, the demand in the market will directly decide the market outlook of May 2021. There is relatively insufficient impetus for antimony prices to go up against the backdrop of the overall rise of prices for large non-ferrous metals.
