Chinese antimony ingot prices up slightly
2023-04-19 11:55:24 [Print]
BEIJING (Asian Metal) 19 Apr 23 - Owing to tight supply of raw material, Chinese antimony ingot producers hold limited stocks currently and intend to hold back from selling, leading to slight increase of prices for the material in the market. Mainstream prices of Chinese antimony ingot 99.85%min stand at RMB82,000-83,000/t (USD11,922-12,067/t) EXW D/P at present, up by about RMB500/t (USD72.69/t) from late last week. As suppliers keep their quotations firm caused by limited supply and firm raw material prices and demand in the terminal market still needs to increase, insiders predict that mainstream prices of Chinese antimony ingot 99.85%min would stay firm in the coming week.
A producer in South China said, "We now quote RMB82,000/t (USD11,922/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices. We already sold about 30t of the material at RMB82,000/t (USD11,922/t) by now this week, but last week we still accepted the price of RMB81,500/t (USD11,849/t), at which we sold 20t of the material." The producer received two-three enquiries by now this week from their clients, but some clients planned to refill stocks at prices lower than RMB82,000/t (USD11,922/t), which the producer refused to accept owing to tight supply for both antimony ingot and raw material. The producer disclosed frankly that their clients keep purchasing in accordance with orders now and are gradually more willing to accept the price of RMB82,000/t (USD11,922/t) for antimony ingot 99.85%min owing to limited supply in the market, but are still cautious about purchasing at the price of RMB82,500/t (USD11,994/t). Considering that demand in the terminal market still needs to increase at the moment, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize in the coming week amid stalemate.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer totally produced about 3,000t of the material in 2022 and expects that the output would be around 300t this month, stable MOM. They hold no spot stocks for the time being, basically unchanged from the same period of last month.
Another producer in South China said, "We now quote RMB82,000/t (USD11,922/t) EXW D/P for antimony ingot 99.85%min and refuse to accept any lower prices. We still accepted the price of RMB81,500/t (USD11,849/t) late last week but with no deals concluded owing to the lack of stocks in hand. We last sold about 64t of the material at RMB81,000/t (USD11,776/t) in early April." They produced about 150t of antimony ingot last month, but expect to raise the output to around 300t this month against the backdrop of limited supply in the spot market. They hold no stocks at the moment, but usually hold about 200t of stocks in hand in normal condition. As downstream consumers are cautious about purchasing at prices higher than RMB82,000/t (USD11,922/t), the producer is more inclined to keep their quotation unchanged at present and predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize amid stalemate in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,600t of the material in 2022 and expects that the output would be around 300t this month, in comparison to about 150t last month. They hold no spot stocks at the moment, unchanged MOM.
A producer in South China said, "We now quote RMB82,000/t (USD11,922/t) EXW D/P for antimony ingot 99.85%min and temporarily refuse to accept any lower prices. We already sold about 30t of the material at RMB82,000/t (USD11,922/t) by now this week, but last week we still accepted the price of RMB81,500/t (USD11,849/t), at which we sold 20t of the material." The producer received two-three enquiries by now this week from their clients, but some clients planned to refill stocks at prices lower than RMB82,000/t (USD11,922/t), which the producer refused to accept owing to tight supply for both antimony ingot and raw material. The producer disclosed frankly that their clients keep purchasing in accordance with orders now and are gradually more willing to accept the price of RMB82,000/t (USD11,922/t) for antimony ingot 99.85%min owing to limited supply in the market, but are still cautious about purchasing at the price of RMB82,500/t (USD11,994/t). Considering that demand in the terminal market still needs to increase at the moment, the producer predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize in the coming week amid stalemate.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer totally produced about 3,000t of the material in 2022 and expects that the output would be around 300t this month, stable MOM. They hold no spot stocks for the time being, basically unchanged from the same period of last month.
Another producer in South China said, "We now quote RMB82,000/t (USD11,922/t) EXW D/P for antimony ingot 99.85%min and refuse to accept any lower prices. We still accepted the price of RMB81,500/t (USD11,849/t) late last week but with no deals concluded owing to the lack of stocks in hand. We last sold about 64t of the material at RMB81,000/t (USD11,776/t) in early April." They produced about 150t of antimony ingot last month, but expect to raise the output to around 300t this month against the backdrop of limited supply in the spot market. They hold no stocks at the moment, but usually hold about 200t of stocks in hand in normal condition. As downstream consumers are cautious about purchasing at prices higher than RMB82,000/t (USD11,922/t), the producer is more inclined to keep their quotation unchanged at present and predicts that mainstream prices of Chinese antimony ingot 99.85%min would stabilize amid stalemate in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,600t of the material in 2022 and expects that the output would be around 300t this month, in comparison to about 150t last month. They hold no spot stocks at the moment, unchanged MOM.
