Monthly Antimony Market Report Feb 2020
2020-03-06 18:54:44 【Print】
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1. Market Highlights
Affected by the spread of COVID-19 in China, prices for Chinese antimony products fluctuated violately in February. Early this month, governments required companies to postpone production resumption, and the transportation was stopped meanwhile, as a result, supply of raw material couldn't be guaranteed. The production of antimony products slumped in February, and thus suppliers raised prices due to tight supply, leading to a sharp price rise before February 20. Then with the epidemic within control, the logistics recovered gradually and some large enterprise such as Chenzhou Mining resumed production, so the short supply was relieved to some extent. However, the demand was still weak as downstream users also put off operation, so the prices lacked upward monument and trended stable by the end of the month.
Affected by the COVID-19 in China, Chinese antimony plants announced to put off resumption, leaving a short supply. Affected by this, the international market got into a panic. Around mid-February, with overseas buyers purchasing massively, the export prices zoomed up. Then after mid-February, the panic in the international market eased with the epidemic being controlled and some major Chinese antimony plants resuming production, so overseas traders became rational about purchasing, gradually beginning to wait on the sidelines for demand saturation. The antimony export market ran steadily then with the export prices staying stable by the end of the month.
Affected by the spread of COVID-19 in China, prices for Chinese antimony products fluctuated violately in February. Early this month, governments required companies to postpone production resumption, and the transportation was stopped meanwhile, as a result, supply of raw material couldn't be guaranteed. The production of antimony products slumped in February, and thus suppliers raised prices due to tight supply, leading to a sharp price rise before February 20. Then with the epidemic within control, the logistics recovered gradually and some large enterprise such as Chenzhou Mining resumed production, so the short supply was relieved to some extent. However, the demand was still weak as downstream users also put off operation, so the prices lacked upward monument and trended stable by the end of the month.
Affected by the COVID-19 in China, Chinese antimony plants announced to put off resumption, leaving a short supply. Affected by this, the international market got into a panic. Around mid-February, with overseas buyers purchasing massively, the export prices zoomed up. Then after mid-February, the panic in the international market eased with the epidemic being controlled and some major Chinese antimony plants resuming production, so overseas traders became rational about purchasing, gradually beginning to wait on the sidelines for demand saturation. The antimony export market ran steadily then with the export prices staying stable by the end of the month.
