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Lengshuijiang Sanjiu Antimony puts off production resumption

2020-03-04 11:32:29   【Print】
BEIJING (Asian Metal) 4 Mar 20 - As most Chinese antinomy producers didn't resume production and overseas antimony concentrate suppliers postponed shipments, the Chinese market sees tight supply of raw material.Asian Metal Copyright .Asian Metal Copyright One of the major antinomy ingot 99.Asian Metal Copyright .Asian Metal Copyright85%min producers in Hunan, Lengshuijiang Sanjiu Antimony Co.Asian Metal Copyright85%min and about 400t of stocks, the company didn't produce in February and produced about 1,100t in January.Asian Metal Copyright, Ltd.Asian Metal Copyright" They sold about 600t of antinomy ingot 99.Asian Metal Copyright once planned to resume production in late February, but now put it off after mid-April, a source from the company revealed.

The source said, "We once planned to resume production in late February, but considering the tight supply of raw material in China, we took maintenance instead and might resume production after mid-April. We hold about 400t of antimony concentrate stocks at present and could not produce in the short period, so we insist the price of RMB43,000/t (USD6,164/t) EXW D/P for antinomy ingot 99.Asian Metal Copyright Currently, mainstream prices for Chinese antinomy ingot 99.Asian Metal Copyright85%min with no concession.Asian Metal Copyright Due to tight supply of raw material, suppliers hold prices firm; but the demand is weak affected by the epidemic, so the market is in a stalemate, imposing pressure on price rise.Asian Metal Copyright" They sold about 600t of antinomy ingot 99.Asian Metal Copyright85%min producers in Hunan, Lengshuijiang Sanjiu Antimony Co.Asian Metal Copyright85%min and antinomy ingot 99.65%min in total at RMB42,500/t (USD6,129/t) EXW D/P two weeks ago.

With an annual production capacity of 48,000t of antinomy ingot 99.85%min and about 400t of stocks, the company didn't produce in February and produced about 1,100t in January.

Currently, mainstream prices for Chinese antinomy ingot 99.85%min stand at RMB41,000-42,000/t (USD5,912-6,020/t) Inc-VAT EXW D/P, unchanged from early last week.Asian Metal Copyright We hold about 400t of antimony concentrate stocks at present and could not produce in the short period, so we insist the price of RMB43,000t USD6,164t EXW DP for antinomy ingot 99.Asian Metal Copyright Due to tight supply of raw material, suppliers hold prices firm; but the demand is weak affected by the epidemic, so the market is in a stalemate, imposing pressure on price rise.Asian Metal Copyright, Ltd.Asian Metal Copyright The source expects prices for the material would remain stable in the coming week.

.Asian Metal Copyright One of the major antinomy ingot 99.Asian Metal Copyright