Monthly Antimony Market Report May 2020
2020-06-12 18:35:02 【Print】
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1, Market Highlights
Chinese antimony product market generally ran stably in May and prices didn't fluctuate as sharply as before. Chinese antimony ingot kept low operating rates during the month. Most producers had halted production and merely waited on the sidelines in view of limited profits of the material and tight supply of raw material antimony concentrate with few producers still in basic production to maintain customers. Meanwhile, Chinese antimony trioxide producers slightly cut their operating rates in May and some of them gradually cut or even halted production owing to limited export orders, merely arranging production in accordance with orders they had signed. The supply of antimony concentrate was tight in China in May overall as small and medium-sized domestic miners kept low operating rates (some miners kept their prices firm owing to the supply shortage) and the import volume of antimony concentrate was limited caused by the fact that the spread of COVID-19 forced overseas miners constantly cut their mining volumes and overseas logistics to be inconvenient. The domestic antimony ingot market sees soft demand and limited transactions during May as most end users just waited on the sidelines and traders and consumers who were not confident enough about the market outlook were reluctant to refill stocks and only kept purchasing based on orders. The demand for Chinese antimony ingot from overseas customers was also weak in May as overseas consumers kept low operating rates, conducted production by stocks in hand, waited on the sidelines or aggressively forced down their purchasing prices. However, considering firm prices in the domestic market, Chinese exporters kept their export prices firm and were unwilling to further cut their export prices, leading to export prices stable at a low level during the month.
Chinese antimony product market generally ran stably in May and prices didn't fluctuate as sharply as before. Chinese antimony ingot kept low operating rates during the month. Most producers had halted production and merely waited on the sidelines in view of limited profits of the material and tight supply of raw material antimony concentrate with few producers still in basic production to maintain customers. Meanwhile, Chinese antimony trioxide producers slightly cut their operating rates in May and some of them gradually cut or even halted production owing to limited export orders, merely arranging production in accordance with orders they had signed. The supply of antimony concentrate was tight in China in May overall as small and medium-sized domestic miners kept low operating rates (some miners kept their prices firm owing to the supply shortage) and the import volume of antimony concentrate was limited caused by the fact that the spread of COVID-19 forced overseas miners constantly cut their mining volumes and overseas logistics to be inconvenient. The domestic antimony ingot market sees soft demand and limited transactions during May as most end users just waited on the sidelines and traders and consumers who were not confident enough about the market outlook were reluctant to refill stocks and only kept purchasing based on orders. The demand for Chinese antimony ingot from overseas customers was also weak in May as overseas consumers kept low operating rates, conducted production by stocks in hand, waited on the sidelines or aggressively forced down their purchasing prices. However, considering firm prices in the domestic market, Chinese exporters kept their export prices firm and were unwilling to further cut their export prices, leading to export prices stable at a low level during the month.
