Chinese antimony ingot prices steady
2023-03-30 11:42:27 [Print]
BEIJING (Asian Metal) 30 Mar 23 - In view of limited supply in the market, Chinese antimony ingot suppliers keep their quotations steady and consumers take a strong wait-and-see attitude. Mainstream prices of Chinese antimony ingot 99.85%min stand at RMB81,000-82,000/t (USD11,741-11,886/t) EXW D/P currently, the same as yesterday. Given inactive deals continuously seen in the market, insiders predict that mainstream prices of Chinese antimony ingot 99.85%min would go down in the coming week.
A producer in South China said, "We now quote RMB81,000/t (USD11,741/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices, unchanged from yesterday. This week, we couldn't make spot supply and couldn't conclude deals either, but sold about 30t of the material at RMB82,000/t (USD11,886/t) in the latter half of last week." Due to limited supply of raw material, it's hard for the producer to purchase antimony concentrate 50%min at any prices lower than RMB69,000/t (USD10,001/t) at present and thus their spot supply of antimony ingot is limited. They could produce about 400t of the material per month in normal condition, but could only produce about 300t this month because of the supply shortage of raw material. In addition, they hold no spot stocks at the moment, but usually hold at least 100t of stocks in hand in normal condition. However, in view of inactive deals in the market on the whole, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would keep declining in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,000t of the material in 2022 and expects that the output would be about 300t this month, in comparison to about 250t last month. They hold no spot stocks for the time being, unchanged MOM.
Another producer in South China said, "We now quote RMB82,000/t (USD11,886/t) EXW D/P for antimony ingot 99.85%min and refuse to accept any lower prices. We also quoted RMB82,000/t (USD11,886/t) yesterday, but didn't sign any order this week as our clients claimed that they could purchase the material at RMB81,000/t (USD11,741/t)." The producer last sold about 30t of the material at RMB84,000/t (USD12,176/t) in early March. Given the supply shortage of raw material, the producer couldn't keep normal production at present and expects that they couldn't resume normal production until the end of April. In view of strong wait-and-see sentiments, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would drop further in the coming week.
With an annual production capacity of 3,000t of antimony ingot 99.85%min, the producer produced about 1,000t of the material in 2022, but didn't produce any material this month. They hold about 100t of stocks at the moment and about 300t in the same period of last month.
A producer in South China said, "We now quote RMB81,000/t (USD11,741/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices, unchanged from yesterday. This week, we couldn't make spot supply and couldn't conclude deals either, but sold about 30t of the material at RMB82,000/t (USD11,886/t) in the latter half of last week." Due to limited supply of raw material, it's hard for the producer to purchase antimony concentrate 50%min at any prices lower than RMB69,000/t (USD10,001/t) at present and thus their spot supply of antimony ingot is limited. They could produce about 400t of the material per month in normal condition, but could only produce about 300t this month because of the supply shortage of raw material. In addition, they hold no spot stocks at the moment, but usually hold at least 100t of stocks in hand in normal condition. However, in view of inactive deals in the market on the whole, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would keep declining in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,000t of the material in 2022 and expects that the output would be about 300t this month, in comparison to about 250t last month. They hold no spot stocks for the time being, unchanged MOM.
Another producer in South China said, "We now quote RMB82,000/t (USD11,886/t) EXW D/P for antimony ingot 99.85%min and refuse to accept any lower prices. We also quoted RMB82,000/t (USD11,886/t) yesterday, but didn't sign any order this week as our clients claimed that they could purchase the material at RMB81,000/t (USD11,741/t)." The producer last sold about 30t of the material at RMB84,000/t (USD12,176/t) in early March. Given the supply shortage of raw material, the producer couldn't keep normal production at present and expects that they couldn't resume normal production until the end of April. In view of strong wait-and-see sentiments, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would drop further in the coming week.
With an annual production capacity of 3,000t of antimony ingot 99.85%min, the producer produced about 1,000t of the material in 2022, but didn't produce any material this month. They hold about 100t of stocks at the moment and about 300t in the same period of last month.
