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Chinese antimony ingot prices firm

2020-03-04 11:50:21   【Print】
BEIJING (Asian Metal) 4 Mar 20 - Most Chinese antimony ingot producers who have resumed production are large producers while most private producers haven't resumed production.Asian Metal Copyright Against this backdrop, the domestic antimony ingot market still sees supply shortage currently.Asian Metal Copyright Against this backdrop, the domestic antimony ingot market still sees supply shortage currently.Asian Metal Copyright A Hunan-based producer said, "The supply of the raw material used to produce antimony ingot is very tight in China now as domestic antimony miners delay resuming mining and it's hard for overseas antimony concentrate to be delivered to China in short term.Asian Metal Copyright Meanwhile, the demand for antimony ingot from end users is still weak.Asian Metal Copyright We keep our antimony ingot 99.Asian Metal Copyright Mainstream prices for Chinese antimony ingot 99.85%min stand at RMB41,000-42,000/t (USD5,893-6,036/t) EXW D/P now, unchanged from early this week.Asian Metal Copyright .Asian Metal Copyright Market participants predict that mainstream prices for Chinese antimony ingot 99.Asian Metal Copyright85%min price firm at RMB43,000t USD6,180t EXW DP at present and refuse to give any discount.Asian Metal Copyright85%min would remain steady in the coming week as most end users take a strong wait-and-see attitude affected by the slow market.

A Hunan-based producer said, "The supply of the raw material used to produce antimony ingot is very tight in China now as domestic antimony miners delay resuming mining and it's hard for overseas antimony concentrate to be delivered to China in short term. We keep our antimony ingot 99.85%min price firm at RMB43,000/t (USD6,180/t) EXW D/P at present and refuse to give any discount.Asian Metal Copyright" They last sold 600t of the material at RMB42,000t USD6,036t to a domestic customer two weeks ago, including 60% of antimony ingot 99.Asian Metal Copyright We still keep our current bottom price unchanged at the level of early this week, but haven't concluded any deal so far this week." They last sold 600t of the material at RMB42,000/t (USD6,036/t) to a domestic customer two weeks ago, including 60% of antimony ingot 99.Asian Metal Copyright85%min, the consumer consumed about 40t of the material in January 2020 but didn't consume any material in February 2020, holding about 100t of stocks at the moment.Asian Metal Copyright65%min and 40% of antimony ingot 99.Asian Metal Copyright85%min now and can give a discount of RMB500t USD71.Asian Metal Copyright85%min.Asian Metal Copyright86t at most, adding that the current bottom price the supplier accepts is stable compared with that of early this week but down by RMB500t USD71.Asian Metal Copyright Although the demand from end users who delay resuming production is soft now, the producer forecasts that mainstream prices for Chinese antimony ingot 99.Asian Metal Copyright" They last sold 600t of the material at RMB42,000t USD6,036t to a domestic customer two weeks ago, including 60% of antimony ingot 99.Asian Metal Copyright85%min would see no fluctuation in the coming week as producers cut their outputs and most of them still keep their prices firm affected by the supply shortage of raw material.

With an annual production capacity of 48,000t of antimony ingot 99.85%min, the producer produced about 1,100t of the material in January but didn't produce any material in February.Asian Metal Copyright Market participants predict that mainstream prices for Chinese antimony ingot 99.Asian Metal Copyright They hold around 400t of stocks at the moment, down by about 600t compared with the figure in the same period of last month.

A Guangdong-based consumer disclosed that their supplier quotes RMB42,000/t (USD6,036/t) EXW D/P for antimony ingot 99.85%min now and can give a discount of RMB500/t (USD71.86/t) at most, adding that the current bottom price the supplier accepts is stable compared with that of early this week but down by RMB500/t (USD71.86/t) from early last week.Asian Metal Copyright In view of soft demand from end users and the lack of support for antimony ingot prices to go up, the consumer forecasts that antimony ingot 99.Asian Metal Copyright "We have no plan to purchase antimony ingot within this week and will wait on the sidelines before we decide whether to make replenishments as our antimony trioxide plant hasn't resumed production and mainstream prices of antimony ingot prices are very high," the consumer stated, adding that they last purchased 50t of antimony ingot 99.85%min at RMB37,500/t (USD5,390/t) EXW D/P in mid-January.Asian Metal Copyright65%min and 40% of antimony ingot 99.Asian Metal Copyright In view of soft demand from end users and the lack of support for antimony ingot prices to go up, the consumer forecasts that antimony ingot 99.Asian Metal Copyright We still keep our current bottom price unchanged at the level of early this week, but haven't concluded any deal so far this week.Asian Metal Copyright85%min prices would witness no change in the coming week.

With an annual consumption capacity of 800t of antimony ingot 99.85%min, the consumer consumed about 40t of the material in January 2020 but didn't consume any material in February 2020, holding about 100t of stocks at the moment.

.Asian Metal Copyright Mainstream prices for Chinese antimony ingot 99.Asian Metal Copyright