Monthly Antimony Market Report Mar 2021
2021-04-13 17:26:31 【Print】
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1. Market Highlights
Antimony ingot prices in the Chinese market increased firstly in the early period of March 2021, but then declined. In view of the supply shortage of raw material, Chinese antimony ingot smelters were bullish about antimony ingot prices and accordingly raised their prices in early March, but prices of the material generally declined in mid-March owing to few deals in the market caused by the fact that downstream antimony trioxide smelters held sufficient antimony ingot stocks in hand with a wait-and-see attitude towards the market outlook of the raw material although traders were active to conclude deals to recoup funds. Generally speaking, the domestic antimony ingot market reached an impasse in mid-March as producers kept their prices firm, traders cut their prices and downstream antimony trioxide producers just refilled stocks in accordance with orders. Affected by higher prices for antimony trioxide, Chinese ethylene glycol antimony suppliers raised their prices in mid-March. In the international market, as most consumers already finished their purchasing plans and just waited on the sidelines, the antimony market saw deals slow down in March and some traders had to slightly cut their prices to win more orders; as a result, the international antimony market saw downward price trend in mid-to-late March.
Antimony ingot prices in the Chinese market increased firstly in the early period of March 2021, but then declined. In view of the supply shortage of raw material, Chinese antimony ingot smelters were bullish about antimony ingot prices and accordingly raised their prices in early March, but prices of the material generally declined in mid-March owing to few deals in the market caused by the fact that downstream antimony trioxide smelters held sufficient antimony ingot stocks in hand with a wait-and-see attitude towards the market outlook of the raw material although traders were active to conclude deals to recoup funds. Generally speaking, the domestic antimony ingot market reached an impasse in mid-March as producers kept their prices firm, traders cut their prices and downstream antimony trioxide producers just refilled stocks in accordance with orders. Affected by higher prices for antimony trioxide, Chinese ethylene glycol antimony suppliers raised their prices in mid-March. In the international market, as most consumers already finished their purchasing plans and just waited on the sidelines, the antimony market saw deals slow down in March and some traders had to slightly cut their prices to win more orders; as a result, the international antimony market saw downward price trend in mid-to-late March.
