Antimony trioxide suppliers raise quotes
2005-05-10 09:57:16 【Print】
BEIJING (Asian Metal) 10 May 05 – With the impact of the new tax regulation to cut the antimony export tax rebate from 13% to 8%, suppliers have begun quoting higher prices for antimony trioxide, market participants reported to Asian Metal today.
According to a Hong Kong-based trader, a smelter in South China quoted USD2,750/t FOB today, an increase of USD100/t since the May holidays. In view of the reduced tax rebate, the price hike is within expectation, according to the source. “However, it shouldn’t be as high as USD100/t, ” said the source, adding that foreign buyers may find USD70-80/t acceptable.
A Shenzhen-based trader confirmed that domestic producers quoted about RMB1,000/t higher for antimony trioxide after the holiday. According to the source, the latest deal was concluded at USD2,620/t FOB during the last week of April. “We’ll have to quote at least USD100/t higher if we intend to enter the market.”
However, neither trader currently quotes foreign buyers as the market is unclear at the moment. “We’d better wait, rather than rush into the market,” the source said.
Other than increased export quotations, the domestic market price is rumored to have also edged up.
According to an antimony trioxide consumer in South-China, a major antimony trioxide producer quoted higher for its high-quality product. “Just before May Day, the price was around RMB23,500/t ex works, however, the smelter quoted us at RMB24,000/t now,” the source complained.
While the company regularly purchases considerable amounts of material from major domestic producers, it also pays attention to the spot market.
According to a Hong Kong-based trader, a smelter in South China quoted USD2,750/t FOB today, an increase of USD100/t since the May holidays. In view of the reduced tax rebate, the price hike is within expectation, according to the source. “However, it shouldn’t be as high as USD100/t, ” said the source, adding that foreign buyers may find USD70-80/t acceptable.
A Shenzhen-based trader confirmed that domestic producers quoted about RMB1,000/t higher for antimony trioxide after the holiday. According to the source, the latest deal was concluded at USD2,620/t FOB during the last week of April. “We’ll have to quote at least USD100/t higher if we intend to enter the market.”
However, neither trader currently quotes foreign buyers as the market is unclear at the moment. “We’d better wait, rather than rush into the market,” the source said.
Other than increased export quotations, the domestic market price is rumored to have also edged up.
According to an antimony trioxide consumer in South-China, a major antimony trioxide producer quoted higher for its high-quality product. “Just before May Day, the price was around RMB23,500/t ex works, however, the smelter quoted us at RMB24,000/t now,” the source complained.
While the company regularly purchases considerable amounts of material from major domestic producers, it also pays attention to the spot market.
