Chinese sodium pyroantimonate prices level off
2023-04-28 12:02:07 [Print]
BEIJING (Asian Metal) 28 Apr 23 - Given firm antimony trioxide prices, Chinese sodium pyroantimonate suppliers keep their offers firm, and downstream consumers maintain steady purchases. Mainstream prices of Chinese sodium pyroantimonate 58%min stand at RMB44,000-46,000/t (USD6,363-6,652/t) delivered D/A 180 days currently, unchanged from late last week. In view of firm raw material prices, insiders believe that mainstream prices of Chinese sodium pyroantimonate 58%min would stabilize on the whole in the coming week.
A producer in South China revealed that they quote RMB45,000/t (USD6,507/t) delivered D/A 180 days for sodium pyroantimonate 58%min now and can give a discount of RMB500/t (USD72.31/t) at most to regular clients. This week he mainly make deliveries of previously signed orders and his price stays firm. He last sold around 100t at RMB44,500/t (USD6,435/t). The producer said, "Over the past week antimony trioxide prices stayed firm owing to firm raw material prices. At present, mainstream prices for antimony ingot 99.85%min stay unmoved at RMB82,000/t (USD11,859/t)." According to the producer, now most downstream consumers make only hand-to-mouth purchases and show low interest in replenishing stocks in advance, so it takes time for end demand to recover. Given firm production costs, the producer believes that mainstream prices of Chinese sodium pyroantimonate 58%min would level off on the whole in the coming week.
With an annual production capacity of 10,000t of sodium pyroantimonate 58%min, the producer totally produced about 8,000t of the material in 2022 and 3,000t so far in 2023, expecting to produce around 800t in April, unchanged MOM. They hold no spot stocks at the moment, unchanged MOM.
A consumer in South China said, "This week most offers we receive for sodium pyroantimonate 58%min stabilize at RMB45,000/t (USD6,507/t) delivered D/A 180 days and some suppliers consider selling at RMB44,500/t (USD6,435/t). We made no purchases yet this week and last bought 100t at RMB44,000/t (USD6,363/t) in early April." According to the consumer, in the month of April sodium pyroantimonate 58%min prices stay generally steady with limited fluctuations. But he thinks that current prices are high on the whole and he has no intention to make replenishments at current prices. Given steady raw material prices, the consumer believes that mainstream prices of Chinese sodium pyroantimonate 58%min would stay unchanged on the whole in the coming week.
With an annual consumption capacity of 6,000t of sodium pyroantimonate 58%min, the consumer totally used about 4,000t of the material in 2022 and 1,800t so far in 2023, expecting to consume around 420t in April, unchanged MOM. They hold no spot stocks at present, unchanged MOM.
A producer in South China revealed that they quote RMB45,000/t (USD6,507/t) delivered D/A 180 days for sodium pyroantimonate 58%min now and can give a discount of RMB500/t (USD72.31/t) at most to regular clients. This week he mainly make deliveries of previously signed orders and his price stays firm. He last sold around 100t at RMB44,500/t (USD6,435/t). The producer said, "Over the past week antimony trioxide prices stayed firm owing to firm raw material prices. At present, mainstream prices for antimony ingot 99.85%min stay unmoved at RMB82,000/t (USD11,859/t)." According to the producer, now most downstream consumers make only hand-to-mouth purchases and show low interest in replenishing stocks in advance, so it takes time for end demand to recover. Given firm production costs, the producer believes that mainstream prices of Chinese sodium pyroantimonate 58%min would level off on the whole in the coming week.
With an annual production capacity of 10,000t of sodium pyroantimonate 58%min, the producer totally produced about 8,000t of the material in 2022 and 3,000t so far in 2023, expecting to produce around 800t in April, unchanged MOM. They hold no spot stocks at the moment, unchanged MOM.
A consumer in South China said, "This week most offers we receive for sodium pyroantimonate 58%min stabilize at RMB45,000/t (USD6,507/t) delivered D/A 180 days and some suppliers consider selling at RMB44,500/t (USD6,435/t). We made no purchases yet this week and last bought 100t at RMB44,000/t (USD6,363/t) in early April." According to the consumer, in the month of April sodium pyroantimonate 58%min prices stay generally steady with limited fluctuations. But he thinks that current prices are high on the whole and he has no intention to make replenishments at current prices. Given steady raw material prices, the consumer believes that mainstream prices of Chinese sodium pyroantimonate 58%min would stay unchanged on the whole in the coming week.
With an annual consumption capacity of 6,000t of sodium pyroantimonate 58%min, the consumer totally used about 4,000t of the material in 2022 and 1,800t so far in 2023, expecting to consume around 420t in April, unchanged MOM. They hold no spot stocks at present, unchanged MOM.
