Monthly Antimony Market Report Jan 2021
2021-02-02 18:31:08 【Print】
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1. Market Highlights
In January, antimony prices moved up dramatically. Owing to tight raw material supply, antimony product suppliers felt bullish on future price trends and therefore raised their prices notably to check market responses. Many market participants harbored the similar bullish sentiment. Antimony concentrate suppliers raised their prices owing to supply shortage, and downstream antimony ingot producers maintained hand-to-mouth purchases. In January, antimony ingot prices moved up dramatically as suppliers raised their prices owing to tight raw material supply, and downstream antimony trioxide producers entered the market to make purchases. Antimony trioxide prices also moved up notably, and some consumers entered the market to make purchases out of worry that the COVID-19 might lead to difficulties in purchasing the material. Ethylene glycol antimony prices also moved up boosted by rising antimony trioxide prices. On the international market, antimony ingot and antimony trioxide prices both moved up as a combined result of facts: prices in China moved up dramatically, there were more international buyers entering the market to make purchases after the Christmas holiday, and international freight rates grew notably.
In January, antimony prices moved up dramatically. Owing to tight raw material supply, antimony product suppliers felt bullish on future price trends and therefore raised their prices notably to check market responses. Many market participants harbored the similar bullish sentiment. Antimony concentrate suppliers raised their prices owing to supply shortage, and downstream antimony ingot producers maintained hand-to-mouth purchases. In January, antimony ingot prices moved up dramatically as suppliers raised their prices owing to tight raw material supply, and downstream antimony trioxide producers entered the market to make purchases. Antimony trioxide prices also moved up notably, and some consumers entered the market to make purchases out of worry that the COVID-19 might lead to difficulties in purchasing the material. Ethylene glycol antimony prices also moved up boosted by rising antimony trioxide prices. On the international market, antimony ingot and antimony trioxide prices both moved up as a combined result of facts: prices in China moved up dramatically, there were more international buyers entering the market to make purchases after the Christmas holiday, and international freight rates grew notably.
