Monthly Antimony Market Report Dec 2022
2023-01-13 17:57:56 【Print】
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1. Market Highlights
Generally speaking, prices of antimony products went up in the Chinese market in December 2022; suppliers held back from selling and kept their prices firm as purchasers sent enquiries actively and some end users and traders started refilling stocks for the year-end against the backdrop of tight supply of raw material; most domestic suppliers already completed their year-end sales plans and held limited stocks in hand, accordingly keeping quotations firm. Specifically speaking, the domestic antimony concentrate spot market saw tight supply during the month and suppliers held back from selling and kept their prices firm with the mainstream price of antimony concentrate 50%min up to around RMB64,000/t (USD9,541/t). Being bullish about the market outlook, antimony ingot producers intended to hold back from selling and kept their prices firm; the mainstream price of antimony ingot 99.85%min rebounded after touching the bottom line and rose to RMB76,000/t (USD11,330/t) as most downstream consumers made replenishments for the year-end. Driven up by higher antimony ingot prices, antimony trioxide suppliers further raised their prices during the month with the mainstream price of antimony trioxide 99.8%min up to RMB68,000/t (USD10,137/t); producers held limited spot stocks, while some downstream consumers refilled stocks for the year-end. Supported by the increase of raw material prices, ethylene glycol antimony prices stopped declining and stabilized. In late December, as COVID-19 epidemic spread more rapidly in China, the spot market saw limited supply and few purchases; in view of tight supply of raw material, suppliers intended to keep their prices firm, but most end users only waited on the sidelines and placed orders cautiously.
As for the international market, as supply in the spot market was tight overall, suppliers held limited stocks after completing promotion for the year-end and most of them kept their quotations firm during December. Meanwhile, as the exchange rate between USD and RMB declined, most exporters kept their quotations firm, but most international buyers already finished their purchasing plans for the Christmas Day, resulting in inactive deals during the Christmas Day holiday in late December and the slow running of the market. The export price of antimony ingot 99.65%min rose from around USD10,000/t to USD11,000/t; that of antimony trioxide increased from USD9,200/t to USD9,600/t. Given tight supply for raw material on the whole, suppliers intended to hold back from selling and keep their prices firm.
Generally speaking, prices of antimony products went up in the Chinese market in December 2022; suppliers held back from selling and kept their prices firm as purchasers sent enquiries actively and some end users and traders started refilling stocks for the year-end against the backdrop of tight supply of raw material; most domestic suppliers already completed their year-end sales plans and held limited stocks in hand, accordingly keeping quotations firm. Specifically speaking, the domestic antimony concentrate spot market saw tight supply during the month and suppliers held back from selling and kept their prices firm with the mainstream price of antimony concentrate 50%min up to around RMB64,000/t (USD9,541/t). Being bullish about the market outlook, antimony ingot producers intended to hold back from selling and kept their prices firm; the mainstream price of antimony ingot 99.85%min rebounded after touching the bottom line and rose to RMB76,000/t (USD11,330/t) as most downstream consumers made replenishments for the year-end. Driven up by higher antimony ingot prices, antimony trioxide suppliers further raised their prices during the month with the mainstream price of antimony trioxide 99.8%min up to RMB68,000/t (USD10,137/t); producers held limited spot stocks, while some downstream consumers refilled stocks for the year-end. Supported by the increase of raw material prices, ethylene glycol antimony prices stopped declining and stabilized. In late December, as COVID-19 epidemic spread more rapidly in China, the spot market saw limited supply and few purchases; in view of tight supply of raw material, suppliers intended to keep their prices firm, but most end users only waited on the sidelines and placed orders cautiously.
As for the international market, as supply in the spot market was tight overall, suppliers held limited stocks after completing promotion for the year-end and most of them kept their quotations firm during December. Meanwhile, as the exchange rate between USD and RMB declined, most exporters kept their quotations firm, but most international buyers already finished their purchasing plans for the Christmas Day, resulting in inactive deals during the Christmas Day holiday in late December and the slow running of the market. The export price of antimony ingot 99.65%min rose from around USD10,000/t to USD11,000/t; that of antimony trioxide increased from USD9,200/t to USD9,600/t. Given tight supply for raw material on the whole, suppliers intended to hold back from selling and keep their prices firm.
