2015 Annual Report on Antimony Market
2016-03-01 08:55:35 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Introduction
The global economy remained sluggish and china’s economy continued to slow down in 2015 with the demand of energy and raw material plunging around the world. Almost all the commodities suffered severe strikes, so did antimony ingot. The global antimony market continued to move down in 2015 with poor downstream demand, leading some downstream consumers sought substitute materials
Throughout the year antimony ingot producers were under double pressure from stock and finance and suffered heavy losses. In the export market, quotations of legal products were pushed down while illegal products became prominent, driving down the price aggressively. According to Asian Metal data, the mainstream price of antimony ingot 99.65%min dropped from the high level of RMB51,500-52,500/t (USD7,883-8,036/t) earlier this year to RMB30,000-31,000/t (USD4,592-4,745/t)at the end of November, a decline of RMB21,500/t or 41.7%. In December, the price picked up moderately, narrowing the drop to RMB19,500/t (USD2,985/t) or 37.9% throughout the year. The export price of antimony ingot descended from USD9,000-9,200/t FOB China earlier this year to USD4,800-5,000/t FOB China, and then picked up to USD5,050-5,250/t, a drop of 43.9%. The price reduction in antimony ingot drove down prices of antimony concentrate and antimony trioxide in the domestic and overseas markets since it is the core product in the antimony market.
The global economy remained sluggish and china’s economy continued to slow down in 2015 with the demand of energy and raw material plunging around the world. Almost all the commodities suffered severe strikes, so did antimony ingot. The global antimony market continued to move down in 2015 with poor downstream demand, leading some downstream consumers sought substitute materials
Throughout the year antimony ingot producers were under double pressure from stock and finance and suffered heavy losses. In the export market, quotations of legal products were pushed down while illegal products became prominent, driving down the price aggressively. According to Asian Metal data, the mainstream price of antimony ingot 99.65%min dropped from the high level of RMB51,500-52,500/t (USD7,883-8,036/t) earlier this year to RMB30,000-31,000/t (USD4,592-4,745/t)at the end of November, a decline of RMB21,500/t or 41.7%. In December, the price picked up moderately, narrowing the drop to RMB19,500/t (USD2,985/t) or 37.9% throughout the year. The export price of antimony ingot descended from USD9,000-9,200/t FOB China earlier this year to USD4,800-5,000/t FOB China, and then picked up to USD5,050-5,250/t, a drop of 43.9%. The price reduction in antimony ingot drove down prices of antimony concentrate and antimony trioxide in the domestic and overseas markets since it is the core product in the antimony market.
