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Chinese ethylene glycol antimony insiders wait on sidelines

2020-03-02 11:33:39   【Print】
BEIJING (Asian Metal) 2 Mar 20 - As most ethylene glycol antimony consumers return slowly, the demand is soft and transactions are sporadic, and thus suppliers and consumers just wait on the sidelines. As present, mainstream prices for Chinese ethylene glycol antimony 57%min stay at RMB37,000-38,000/t (USD5,306-5,500/t) delivered D/A 60 days, unchanged from early last week.Asian Metal Copyright We contacted many regular customers this week but most of them decided to put off the purchase to mid-to-late March with wait-and-see attitude," a producer in North China said last Friday.Asian Metal Copyright Considering the wait-and-see attitude from end consumers, insiders predict that the prices of the material would be stable in the coming week although the operating rate rises steadily.

A producer in North China disclosed last Friday, "The price of ethylene glycol antimony 58%min rose by about RMB1,000/t (USD143/t) last week, but the demand is still weak as most end consumers just resumed production, so we keep the lowest price stable at RMB39,000/t (USD5,593/t) delivered D/A 60 days." They last sold 30t at the same price one week ago and 10t in mid-February. The price of ethylene glycol antimony 58%min is RMB1,000/t (USD143/t) higher than that of ethylene glycol antimony 57%min.Asian Metal Copyright However, they have no plan to raise prices due to weak demand, mainly standing on the sidelines.Asian Metal Copyright The source revealed that a regular customer wanted to purchase 30t of ethylene glycol antimony 58%min in late February, but due to the production delay, the customer put off the purchase to mid-March.Asian Metal Copyright They didn't sell last week and last delivered 30t at RMB36,000t USD5,163t two weeks ago for the order signed in late January.Asian Metal Copyright As suppliers and consumers both hold strong wait-and-see attitude, the source expects prices for ethylene glycol antimony 58%min to be stable in the coming week.

Based on an annual production capacity of 2,400t of ethylene glycol antimony 58%min, the producer produced about 50t in February, down by 50% from January, holding no stocks now, down by about 30t MOM. The producer produced about 1,300t in 2019 and expects the same volume in 2020.

"The operating rate of our downstream consumers is less than 50%, so the demand for ethylene glycol antimony 57%min is short. We contacted many regular customers this week but most of them decided to put off the purchase to mid-to-late March with wait-and-see attitude," a producer in North China said last Friday. Their lowest price for ethylene glycol antimony 57%min is RMB37,000/t (USD5,306/t) at present, unchanged from early last week. They didn't sell last week and last delivered 30t at RMB36,000/t (USD5,163/t) two weeks ago for the order signed in late January.Asian Metal Copyright Considering the wait-and-see attitude from end consumers, insiders predict that the prices of the material would be stable in the coming week although the operating rate rises steadily.Asian Metal Copyright The purchase cost of antimony trioxide 99.8%min rose by about RMB2,000/t (USD287/t) from early February, but their production didn't recover with only about 80t in February, down by about 27% MOM.Asian Metal Copyright" They last sold 30t at the same price one week ago and 10t in mid-February.Asian Metal Copyright However, they have no plan to raise prices due to weak demand, mainly standing on the sidelines.Asian Metal Copyright The price of ethylene glycol antimony 58%min is RMB1,000t USD143t higher than that of ethylene glycol antimony 57%min.Asian Metal Copyright The source expects prices for ethylene glycol antimony 57%min to be stable in the coming week.

The producer, with an annual production capacity of 1,500t of ethylene glycol antimony 57%min, produced about 80t in February, down by 27% from last month, and holds no stocks now. The producer saw about 1,600t in 2019 and expects 1,500t in 2020.

.Asian Metal Copyright The producer saw about 1,600t in 2019 and expects 1,500t in 2020.Asian Metal Copyright