Monthly Antimony Market Report Aug 2021
2021-09-15 11:29:51 【Print】
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1. Market Highlights
Chinese antimony market generally kept stable in August 2021. With limited supply but soft demand, the domestic antimony market generally came into a stalemate. The domestic antimony upstream market saw firm prices owing to tight supply of raw material, but downstream consumers had no intention to refill stocks in large volumes due to soft demand, leading to few deals in the market. As prices of raw material antimony concentrate kept firm at RMB55,000/t (USD8,542) EXW D/P, antimony ingot prices stayed firm at RMB68,000/t (USD10,560/t) EXW D/P during the material. Meanwhile, supported by firm prices of raw material, Chinese antimony trioxide prices kept firm at around RMB62,000/t (USD9,629/t), but downstream flame-retarding plants were reluctant to refill stocks and placed soft demand dragged by limited deals for their own products. In addition, ethylene glycol antimony market witnessed weak demand and difficulties for prices to go up during the month because of soft demand from polyester industry.
The international antimony market generally saw few deals and soft demand in August 2021 when consumers had no intention to refill stocks dragged by the summer break. International buyers had difficulties in importing antimony product with limited stocks in the local spot market, so suppliers intended to keep their prices firm, which stimulated antimony product prices to keep firm in the international market after slight decrease.
Chinese antimony market generally kept stable in August 2021. With limited supply but soft demand, the domestic antimony market generally came into a stalemate. The domestic antimony upstream market saw firm prices owing to tight supply of raw material, but downstream consumers had no intention to refill stocks in large volumes due to soft demand, leading to few deals in the market. As prices of raw material antimony concentrate kept firm at RMB55,000/t (USD8,542) EXW D/P, antimony ingot prices stayed firm at RMB68,000/t (USD10,560/t) EXW D/P during the material. Meanwhile, supported by firm prices of raw material, Chinese antimony trioxide prices kept firm at around RMB62,000/t (USD9,629/t), but downstream flame-retarding plants were reluctant to refill stocks and placed soft demand dragged by limited deals for their own products. In addition, ethylene glycol antimony market witnessed weak demand and difficulties for prices to go up during the month because of soft demand from polyester industry.
The international antimony market generally saw few deals and soft demand in August 2021 when consumers had no intention to refill stocks dragged by the summer break. International buyers had difficulties in importing antimony product with limited stocks in the local spot market, so suppliers intended to keep their prices firm, which stimulated antimony product prices to keep firm in the international market after slight decrease.
