Hunan Zhenqiang Antimony suspends antimony ingot production
2021-01-27 11:09:24 [Print]
BEIJING (Asian Metal) 27 Jan 21 - Hunan Zhenqiang Antimony Co., Ltd., one of major antimony ingot producers in China, suspended antimony ingot 99.85%min production on January 12 owing to short supply of raw materials. The company stayed in operation for three months after it resumed production in mid-October last year. It has no plans to resume operation before the Spring Festival holiday and when to restart production depends upon whether it can get better raw material supply. Its output in January is expected to be around 150t, a source from the company revealed.
The source said, "We suspended antimony ingot 99.85%min production on January 12 owing to short supply of raw materials, and have no plans to resume operation before the Spring Festival holiday. When to restart operation depends upon whether we can get better raw material supply. Our output in January is expected to be around 150t, in comparison to around 500t in last December." According to the source, since raw material supply is tight while they have no spot stocks of antimony ingot available for selling, the company does not provide quotations for antimony ingot 99.85%min for the time being.
The company, with an annual production capacity of 10,000t for antimony ingot 99.85%min, expects to produce about 150t in January 2021 and produced around 500t in December 2020. It produced about 4,000t in 2020, and holds no stocks now, in comparison to 200t in the same period of last month.
Currently, mainstream prices for Chinese antimony ingot 99.85%min stand at RMB49,500-50,500/t (USD7,658-7,813/t) EXW D/P, up by RMB500/t (USD77.38/t) from early this week. Owing to tight raw material supply, suppliers show quite strong intention to raise prices; but since the market runs slowly before the Spring Festival holiday, insiders believe that prices for Chinese antimony ingot 99.85%min would stay firm on the whole in the coming week.
The source said, "We suspended antimony ingot 99.85%min production on January 12 owing to short supply of raw materials, and have no plans to resume operation before the Spring Festival holiday. When to restart operation depends upon whether we can get better raw material supply. Our output in January is expected to be around 150t, in comparison to around 500t in last December." According to the source, since raw material supply is tight while they have no spot stocks of antimony ingot available for selling, the company does not provide quotations for antimony ingot 99.85%min for the time being.
The company, with an annual production capacity of 10,000t for antimony ingot 99.85%min, expects to produce about 150t in January 2021 and produced around 500t in December 2020. It produced about 4,000t in 2020, and holds no stocks now, in comparison to 200t in the same period of last month.
Currently, mainstream prices for Chinese antimony ingot 99.85%min stand at RMB49,500-50,500/t (USD7,658-7,813/t) EXW D/P, up by RMB500/t (USD77.38/t) from early this week. Owing to tight raw material supply, suppliers show quite strong intention to raise prices; but since the market runs slowly before the Spring Festival holiday, insiders believe that prices for Chinese antimony ingot 99.85%min would stay firm on the whole in the coming week.
Antimony Ingot 99.65%min FOB China
Unit:USD/mt
China antimony ingot producers' inventory to production ratio statistics by province by month
Unit: %
