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Chinese antimony trioxide export prices down slightly

2020-03-09 11:57:00   【Print】
BEIJING (Asian Metal) 9 Mar 20 - China's export market of antimony trioxide is sluggish now due to saturated demand from most overseas customers who already refilled stocks in mid-to-late February and strong wait-and-see attitude of both upstream and downstream companies affected by the spread of Covid-19 in overseas countries.Asian Metal CopyrightBEIJING Asian Metal 9 Mar 20 - China's export market of antimony trioxide is sluggish now due to saturated demand from most overseas customers who already refilled stocks in mid-to-late February and strong wait-and-see attitude of both upstream and downstream companies affected by the spread of Covid-19 in overseas countries.Asian Metal Copyright Mainstream export prices of Chinese antimony trioxide 99.5%min are USD5,200-5,400/t FOB China now, down by USD100/t from early last week.Asian Metal Copyright "We quote USD5,500t FOB China for antimony trioxide 99.Asian Metal Copyright Owing to weak demand both at home and abroad, Chinese suppliers will probably slightly cut their prices to boost sales against the backdrop that overseas customers aggressively force down their purchasing prices while most domestic producers resume production in March.Asian Metal Copyright5%min in 2019 and expect that the exports in 2020 would decline to 3,500t, holding no spot stocks at the moment.Asian Metal Copyright Thus, market participants forecast that export prices for Chinese antimony trioxide 99.Asian Metal Copyright Mainstream export prices of Chinese antimony trioxide 99.Asian Metal Copyright5%min would keep declining in the coming week.

"We quote USD5,500/t FOB China for antimony trioxide 99.5%min now and can give a discount of USD50/t to regular customers who have real intention to refill stocks with the bottom price down by USD100/t from last week. We are busy with making deliveries this week and have signed no new order so far this week as most customers already made replenishments in mid-to-late February," a trader in South China said last Friday, adding that they last sold 20t of the material at USD5,500/t one week ago, down by USD50/t compared with the price two weeks ago when they sold 60t of the material.Asian Metal Copyright5%min, the trader merely sold about 100t of the material in February 2020 and expects to sell about 300t in March 2020.Asian Metal Copyright The trader predicts that export prices for Chinese antimony trioxide 99.5%min would continue to drop by USD100/t in the coming week as the demand from most overseas customers who take a strong wait-and-see attitude is weak at present caused by the spread of Covid-19 in overseas countries while more domestic producers resume production.

With a regular monthly trade volume of 500t of antimony trioxide 99.5%min, the trader merely sold about 100t of the material in February 2020 and expects to sell about 300t in March 2020.Asian Metal CopyrightBEIJING Asian Metal 9 Mar 20 - China's export market of antimony trioxide is sluggish now due to saturated demand from most overseas customers who already refilled stocks in mid-to-late February and strong wait-and-see attitude of both upstream and downstream companies affected by the spread of Covid-19 in overseas countries.Asian Metal Copyright They exported about 4,500t of antimony trioxide 99.Asian Metal Copyright Mainstream export prices of Chinese antimony trioxide 99.Asian Metal Copyright5%min in 2019 and expect that the exports in 2020 would decline to 3,500t, holding no spot stocks at the moment.

Another trader in South China said last Friday, "We quote USD5,500/t FOB China for antimony trioxide 99.5%min at the moment and the lowest price we give to regular customers who have real intention to refill stocks is USD5,400/t, down by USD100/t from early last week.Asian Metal Copyright" The trader mainly exports the material to Southeast Asia, but their exports in February 2020 declined by 50% MOM due to limited enquiries from overseas end users, who were panic about the market outlook, against the backdrop of increasing serous Covid-19 in Japan and South Korea.Asian Metal Copyright We haven't concluded any deal so far this week.Asian Metal Copyright5%min, the trader merely sold about 100t of the material in February 2020 and expects to sell about 300t in March 2020.Asian Metal Copyright" The trader mainly exports the material to Southeast Asia, but their exports in February 2020 declined by 50% MOM due to limited enquiries from overseas end users, who were panic about the market outlook, against the backdrop of increasing serous Covid-19 in Japan and South Korea.Asian Metal Copyright Thus, market participants forecast that export prices for Chinese antimony trioxide 99.Asian Metal Copyright The trader's export price of antimony trioxide declines now as more overseas customers wait on the sidelines. They last exported 40t of the material at USD5,600/t two weeks ago.Asian Metal Copyright Another trader in South China said last Friday, "We quote USD5,500t FOB China for antimony trioxide 99.Asian Metal Copyright In view of weaker demand from overseas customers and high operating rates of domestic producers in March, the trader forecasts that export price for Chinese antimony trioxide 99.5%min would keep declining by USD100/t in the coming week.

With a typical monthly trade volume of 300t of antimony trioxide 99.5%min, the trader sold about 100t of the material in February 2020 and expects that the sales in March 2020 would be around 200t.Asian Metal Copyright Thus, market participants forecast that export prices for Chinese antimony trioxide 99.Asian Metal Copyright They exported about 3,000t of the material in 2019 and expect that the exports in 2020 would level off, holding no spot stocks for the time being.

.Asian Metal Copyright In view of weaker demand from overseas customers and high operating rates of domestic producers in March, the trader forecasts that export price for Chinese antimony trioxide 99.Asian Metal Copyright