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Chinese ethylene glycol antimony market witnesses soft demand

2020-05-01 08:09:30   【Print】
BEIJING (Asian Metal) 1 May 20 - Due to fewer orders from the polyester industry, Chinese ethylene glycol antimony market witnesses soft demand. Currently, mainstream prices for Chinese ethylene glycol antimony 57%min are RMB34,000-35,000/t (USD4,823-4,964/t) delivered D/A 60 days, unchanged from early this week but down by RMB500/t (USD70.92/t) from early last week.Asian Metal Copyright They sold 60t at RMB34,000t USD4,823t delivered DA 60 days and 60t at RMB34,500t USD4,894t delivered DA 60 days this week.Asian Metal Copyright Considering that end customers have little purchasing demand and would leave the market for the May Day holiday, insiders predict that prices of Chinese ethylene glycol antimony 57%min would be stable in the coming week.

A producer in North China disclosed, "We offer RMB35,500/t (USD5,035/t) delivered D/A 60 days for ethylene glycol antimony 57%min at present with a concession of RMB500/t (USD70.92/t) for firm bids from regular customers, unchanged from early this week but down by RMB500/t (USD70.92/t) from two weeks ago. End customers have poor demand before the May Day holiday, so we didn't sell this week but sold 10t at RMB35,000/t (USD4,964/t) last week.Asian Metal Copyright8%min temporarily for sporadic transactions and last bought 33t at RMB33,500t USD4,752t two weeks ago with the consumption in April decreasing by 30% from last month to about 80t.Asian Metal Copyright" They only sold about 60t of the material in April, down from about 100t in March, due to weak demand.Asian Metal Copyright92t from two weeks ago.Asian Metal Copyright They won't purchase antimony trioxide 99.8%min temporarily for sporadic transactions and last bought 33t at RMB33,500/t (USD4,752/t) two weeks ago with the consumption in April decreasing by 30% from last month to about 80t.Asian Metal Copyright" Most of their customers show strong willingness to force down prices due to soft demand from the polyester industry and generally don't accept purchasing prices above RMB35,000t USD4,964t.Asian Metal Copyright In view of the slow market and limited transactions, the producer expects prices of Chinese ethylene glycol antimony 57%min would be stable in the coming week.

Based on an annual production capacity of 2,400t of ethylene glycol antimony 57%min, the producer produced about 100t in April, stable from last month, and has about 30t of stocks now, unchanged MOM. The producer produced about 1,300t in 2019 and about 300t by now in 2020.

Another producer in North China offers RMB34,000/t (USD4,823/t) delivered D/A 60 days for ethylene glycol antimony 57%min at present with no concession even for regular customers, unchanged from early this week but down by RMB1,000/t (USD142/t) from one week ago. They sold 60t at RMB34,000/t (USD4,823/t) delivered D/A 60 days and 60t at RMB34,500/t (USD4,894/t) delivered D/A 60 days this week.Asian Metal Copyright Considering that end customers have little purchasing demand and would leave the market for the May Day holiday, insiders predict that prices of Chinese ethylene glycol antimony 57%min would be stable in the coming week.Asian Metal Copyright The source said, "In the past two weeks, we saw poor demand from end users.Asian Metal Copyright" Most of their customers show strong willingness to force down prices due to soft demand from the polyester industry and generally don't accept purchasing prices above RMB35,000t USD4,964t.Asian Metal Copyright Most of our regular customers signed orders per month before March but just purchased on demand in April." Most of their customers show strong willingness to force down prices due to soft demand from the polyester industry and generally don't accept purchasing prices above RMB35,000/t (USD4,964/t).Asian Metal Copyright Currently, mainstream prices for Chinese ethylene glycol antimony 57%min are RMB34,000-35,000t USD4,823-4,964t delivered DA 60 days, unchanged from early this week but down by RMB500t USD70.Asian Metal Copyright However, they just sold 120t at the same price one week ago.Asian Metal Copyright Based on an annual production capacity of 2,400t of ethylene glycol antimony 57%min, the producer produced about 100t in April, stable from last month, and has about 30t of stocks now, unchanged MOM.Asian Metal Copyright Given no improvement in demand from end users, the producer expects prices of Chinese ethylene glycol antimony 57%min to be stable in the coming week.

The producer, with an annual production capacity of 6,000t for ethylene glycol antimony 57%min, produced about 400t in April, unchanged from last month, and holds no stocks now with production on orders amid the sluggish market, unchanged MOM. The producer saw about 4,600t in 2019 and about 1,000t by now in 2020.

.Asian Metal Copyright The producer saw about 4,600t in 2019 and about 1,000t by now in 2020.Asian Metal Copyright