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Chinese antimony ingot prices down slightly

2020-03-09 10:56:59   【Print】
BEIJING (Asian Metal) 9 Mar 20 - Although most Chinese antimony ingot producers merely keep basic production now, prices for the material go down slightly in the domestic market as suppliers have to cut their prices in order to boost sales caused by soft demand from most end users who delay resuming production.Asian Metal Copyright They hold about 100t of stocks at the moment, unchanged MOM.Asian Metal Copyright Mainstream prices for Chinese antimony ingot 99.85%min stand at RMB40,500-41,500/t (USD5,844-5,989/t) Inc-VAT EXW D/P currently, down by RMB500/t (USD72.15/t) from early last week.Asian Metal Copyright They last sold 40t of the material at RMB42,000t USD6,061t one week ago and didn't sell any material last week.Asian Metal Copyright Market participants predict that prices for Chinese antimony ingot 99.Asian Metal Copyright15t as end users only keep less than 50% of operating rate.Asian Metal Copyright85%min would continue to drop slightly in the coming week as the spread of the Covid-19 in overseas countries would bring bad influence on China's export market and Chinese end users take a strong wait-and-see attitude although some domestic antimony ingot producers successively resume production in March 2020.

A producer in South China said, "We quote antimony ingot 99.85%min to several regular customers now as we plan to sell a small volume of the material this week, but all these customers have no plan to refill stocks as they delay resuming production." The producer last quoted RMB42,000/t (USD6,061/t) Inc-VAT EXW D/P for antimony ingot 99.85%min last Friday and could give a discount of RMB500/t (USD72.15/t) at most with their bottom price down by RMB500/t (USD72.15/t) from one week ago. They last sold 33t of the material at RMB39,000/t (USD5,628/t) in mid-January 2020, but didn't sell any material last week due to soft demand from end users. The producer learned that some other producers quote RMB41,000/t (USD5,916/t) for antimony ingot and can give a discount of RMB500/t (USD72.15/t) as end users only keep less than 50% of operating rate.Asian Metal Copyright Mainstream prices for Chinese antimony ingot 99.Asian Metal Copyright The producer forecasts that prices for Chinese antimony ingot 99.85%min would keep declining by RMB500/t (USD72.15/t) in the coming days if end users can't resume normal production completely before late March.

With an annual production capacity of 3,600t of antimony ingot 99.85%min, the producer didn't produce any material in February 2020 as they didn't resume production until February 25th, forecasting that the output in March 2020 would be around 100t.Asian Metal Copyright They last sold 33t of the material at RMB39,000t USD5,628t in mid-January 2020, but didn't sell any material last week due to soft demand from end users.Asian Metal Copyright They produced about 3,000t of the material in 2019 and expect that the output in 2020 would drop by 20% YOY.Asian Metal Copyright15t in the coming days if end users can't resume normal production completely before late March.Asian Metal Copyright They hold about 200t of stocks at the moment, stable MOM.

Another producer in South China quotes RMB42,000/t (USD6,061/t) Inc-VAT EXW D/P for antimony ingot 99.85%min currently and can give a discount of RMB500/t (USD72.15/t) at most with the bottom price down by RMB500/t (USD72.15/t) from one week ago. They last sold 40t of the material at RMB42,000/t (USD6,061/t) one week ago and didn't sell any material last week.Asian Metal Copyright They last sold 33t of the material at RMB39,000t USD5,628t in mid-January 2020, but didn't sell any material last week due to soft demand from end users.Asian Metal Copyright "The demand for antimony ingot from end users is soft now as most end users keep low operating rate against the backdrop that the Covid-19 hasn't been controlled completely.Asian Metal Copyright Market participants predict that prices for Chinese antimony ingot 99.Asian Metal Copyright We just sold less than 100t of the material in February 2020, but our regular monthly sales are 200t at least," the producer said, adding that the spread of Covid-19 in overseas countries will limit the export of Chinese antimony ingot in the coming month.Asian Metal Copyright They hold about 100t of stocks at the moment, unchanged MOM.Asian Metal Copyright The producer predicts that prices for Chinese antimony ingot 99.85%min would continue to go down slightly by RMB500/t (USD72.15/t) in the coming week as the demand from end users would remain at a low level in short term although most producers haven't resumed normal production.

With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer didn't produce any material in February 2020 affected by the production halt and will decide their output in March 2020 based on the production resumption date.Asian Metal Copyright They produced about 3,000t of the material in 2019 and expect that the output in 2020 would drop by 20% YOY.Asian Metal Copyright They produced about 2,300t of antimony ingot in 2019 and expect that the output in 2020 would reach 2,500t.Asian Metal Copyright85%min would keep declining by RMB500t USD72.Asian Metal Copyright They hold about 100t of stocks at the moment, unchanged MOM.

.Asian Metal Copyright With an annual production capacity of 3,600t of antimony ingot 99.Asian Metal Copyright