Chinese antimony ingot prices firm
2023-04-27 11:46:34 [Print]
BEIJING (Asian Metal) 27 Apr 23 – Supported by limited supply and firm costs of raw materials, Chinese antimony ingot suppliers gave firm offers this week. The current mainstream prices of Chinese antimony ingot 99.85%min stand firmly at RMB82,000-83,000/t (USD11,839-11,984/t) EXW D/P, stable from late last week. Given that the current sluggish demand pushes downstream consumers to purchase cautiously, but at the same time suppliers have strong intention to keep prices firm, insiders believe that the prevailing prices of Chinese antimony ingot 99.85%min would remain firm in the coming week.
A trader in South China said, "We quote RMB83,000/t (USD11,984/t) EXW D/P for antimony ingot 99.85%min now, the same as our offer for a regular client today. Unfortunately, the client targeted the purchase price at RMB82,500/t (USD11,911/t) which we refused to accept, and they are hesitating to purchase. We last sold about 20t of antimony ingot at RMB82,000/t (USD11,839/t) early last week", the trader disclosed. For now, the most competitive price they received from plants for antimony ingot 99.85%min sticks to more than RMB82,000/t (USD11,839/t), and meanwhile most plants, holding rare spot stocks, seem reluctant to sell with strong intention to keep prices firm. Considering that downstream consumers purchase cautiously at RMB83,000/t (USD11,984/t) and spot market sees limited supply now, the trader believe that the prevailing prices of Chinese antimony ingot 99.85%min would keep unchanged in the coming week.
The trader, based on a regular monthly trading volume of 200t of antimony ingot 99.85%min, estimates to sell about 100t in April, compared to around 150t in March. They produced nearly 2,000t and 600t in 2022 and so far in 2023 respectively, and hold about 100t in stock now.
Another trader in South China disclosed, "We have no plan to quote for antimony ingot 99.85%min at present and refuse to sell at prices lower than RMB82,500/t (USD11,911/t) even for firm bids. We received some bids from clients who intended to purchase at RMB82,000/t (USD11,839/t) this week, but we didn't accept because it is hard for us to buy antimony ingot at such price from suppliers currently". What's more, they didn't secure new orders after they sold about 30t at RMB83,500/t (USD12,056/t) two weeks ago. Their suppliers hold strong intention to keep prices firm in the current supply-tight market and they hardly purchase antimony ingot 99.85%min at prices lower than RMB82,000/t (USD11,839/t) now. Given limited spot supply, the trader expects that the prevailing prices of Chinese antimony ingot 99.85%min would level off in the coming week.
The trader, based on a regular monthly trading volume of 200t, sold about 2,000t in 2022 and nearly 800t this year. They have around 200t in stock now and predict a sales volume of about 200t in April, both unchanged month on month.
A trader in South China said, "We quote RMB83,000/t (USD11,984/t) EXW D/P for antimony ingot 99.85%min now, the same as our offer for a regular client today. Unfortunately, the client targeted the purchase price at RMB82,500/t (USD11,911/t) which we refused to accept, and they are hesitating to purchase. We last sold about 20t of antimony ingot at RMB82,000/t (USD11,839/t) early last week", the trader disclosed. For now, the most competitive price they received from plants for antimony ingot 99.85%min sticks to more than RMB82,000/t (USD11,839/t), and meanwhile most plants, holding rare spot stocks, seem reluctant to sell with strong intention to keep prices firm. Considering that downstream consumers purchase cautiously at RMB83,000/t (USD11,984/t) and spot market sees limited supply now, the trader believe that the prevailing prices of Chinese antimony ingot 99.85%min would keep unchanged in the coming week.
The trader, based on a regular monthly trading volume of 200t of antimony ingot 99.85%min, estimates to sell about 100t in April, compared to around 150t in March. They produced nearly 2,000t and 600t in 2022 and so far in 2023 respectively, and hold about 100t in stock now.
Another trader in South China disclosed, "We have no plan to quote for antimony ingot 99.85%min at present and refuse to sell at prices lower than RMB82,500/t (USD11,911/t) even for firm bids. We received some bids from clients who intended to purchase at RMB82,000/t (USD11,839/t) this week, but we didn't accept because it is hard for us to buy antimony ingot at such price from suppliers currently". What's more, they didn't secure new orders after they sold about 30t at RMB83,500/t (USD12,056/t) two weeks ago. Their suppliers hold strong intention to keep prices firm in the current supply-tight market and they hardly purchase antimony ingot 99.85%min at prices lower than RMB82,000/t (USD11,839/t) now. Given limited spot supply, the trader expects that the prevailing prices of Chinese antimony ingot 99.85%min would level off in the coming week.
The trader, based on a regular monthly trading volume of 200t, sold about 2,000t in 2022 and nearly 800t this year. They have around 200t in stock now and predict a sales volume of about 200t in April, both unchanged month on month.
