Monthly Antimony Market Report Sep 2021
2021-10-29 18:10:11 【Print】
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1. Market Highlights
The Chinese antimony market saw gradual increase of prices in September 2021. On September 6th, plants in Lengshuijiang, a major antimony ingot producing region in China, halted production, which led to tight supply in the domestic antimony ingot market. Against this backdrop, antimony ingot suppliers held back from selling and raised their prices continuously. As a result, antimony ingot 99.85%min prices increased from RMB70,000/t (USD10,955/t) EXW D/P to RMB78,000/t (USD12,207/t) EXW D/P during the month. Supported by firm antimony ingot prices, antimony trioxide prices rose. On the one hand, antimony products prices kept rising as suppliers held back from selling; on the other hand, downstream consumers started refilling stocks, resulting in stable sales of antimony trioxide. However, owing to power supply restrictions, end users slowed down placing orders in late September. In addition, the upstream supply chain was interrupted as more suppliers held back from selling.
The international antimony market basically ran steady in September 2021. Prices rose continuously to a level higher than some consumers' ideal level; as demand from end users still didn't increase obviously, most consumers just kept purchasing in accordance with orders, resulting in steady deals in the international market. However, the supply was tight in the international spot market owing to the long transportation period, so suppliers intended to keep their prices firm. Furthermore, prices in the Chinese market went up. Consequently, the international antimony market witnessed slow increase of prices during September.
The Chinese antimony market saw gradual increase of prices in September 2021. On September 6th, plants in Lengshuijiang, a major antimony ingot producing region in China, halted production, which led to tight supply in the domestic antimony ingot market. Against this backdrop, antimony ingot suppliers held back from selling and raised their prices continuously. As a result, antimony ingot 99.85%min prices increased from RMB70,000/t (USD10,955/t) EXW D/P to RMB78,000/t (USD12,207/t) EXW D/P during the month. Supported by firm antimony ingot prices, antimony trioxide prices rose. On the one hand, antimony products prices kept rising as suppliers held back from selling; on the other hand, downstream consumers started refilling stocks, resulting in stable sales of antimony trioxide. However, owing to power supply restrictions, end users slowed down placing orders in late September. In addition, the upstream supply chain was interrupted as more suppliers held back from selling.
The international antimony market basically ran steady in September 2021. Prices rose continuously to a level higher than some consumers' ideal level; as demand from end users still didn't increase obviously, most consumers just kept purchasing in accordance with orders, resulting in steady deals in the international market. However, the supply was tight in the international spot market owing to the long transportation period, so suppliers intended to keep their prices firm. Furthermore, prices in the Chinese market went up. Consequently, the international antimony market witnessed slow increase of prices during September.
