Chinese antimony trioxide prices steady
2023-03-01 11:52:37 [Print]
BEIJING (Asian Metal) 1 Mar 23 - In view of firm prices of antimony ingot and limited supply in the spot market, Chinese antimony trioxide suppliers keep their quotations steady this week, but deals are inactive. Mainstream prices of Chinese antimony trioxide 99.8%min stand at RMB75,500-76,500/t (USD10,894-11,038/t) delivered D/A 30 days currently, stable from late last week. Given soft demand in the terminal market, insiders predict that mainstream prices of Chinese antimony trioxide 99.8%min would go down in the coming week.
A producer in South China said, "We now quote RMB77,000/t (USD11,110/t) delivered D/A 30 days for antimony trioxide 99.8%min and consider giving a discount of RMB500/t (USD72.17/t) for firm orders, but demand in the terminal market is still soft. We last sold a small volume of 10t of the material at RMB76,500/t (USD11,038/t) last week but with no deals concluded so far this week." Owing to tight supply and limited spot stocks in February on the whole, the producer doesn't bear pressure of stocks at the moment and accordingly is not eager to conclude deals at low prices; meanwhile, the domestic antimony trioxide spot market sees limited deals on the whole as most consumers still refill stocks in accordance with orders. The producer only sold less than 100t of the material in the past week as most of their regular customers, whose single purchase volume reaches about 20t in normal condition, only purchased about 10t during the week. Given soft demand continuously seen in the terminal market, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would decline in the coming week.
With an annual production capacity of 3,000t of antimony trioxide 99.8%min, the producer produced about 2,000t of the material in 2022 and expects that the output would be about 100t this month, in comparison to no output last month. They hold around 200t of stocks for the time being, unchanged MOM.
A trader in South China said, "We now quote RMB76,000/t (USD10,966/t) delivered D/A 30 days for antimony trioxide 99.8%min and consider accepting the price of RMB75,500/t (USD10,894/t) for firm orders from regular customers, but with no deals concluded so far this week. We purchased a small volume of the material at RMB76,000/t (USD10,966/t) early last week." According to the trader, the domestic antimony trioxide market sees limited deals at the moment as downstream consumers just wait on the sidelines and conduct limited purchases owing to soft demand. In light of weak demand in the spot market, the trader predicts that mainstream prices of Chinese antimony trioxide 99.8%min would go down in the coming week.
With a regular monthly trade volume of 200t of antimony trioxide 99.8%min, the trader expects to sell about 200t of the material this month, stable MOM. They totally sold about 2,000t of the material in 2022 and hold about 100t of stocks at the moment, basically unchanged from the same period of last month.
A producer in South China said, "We now quote RMB77,000/t (USD11,110/t) delivered D/A 30 days for antimony trioxide 99.8%min and consider giving a discount of RMB500/t (USD72.17/t) for firm orders, but demand in the terminal market is still soft. We last sold a small volume of 10t of the material at RMB76,500/t (USD11,038/t) last week but with no deals concluded so far this week." Owing to tight supply and limited spot stocks in February on the whole, the producer doesn't bear pressure of stocks at the moment and accordingly is not eager to conclude deals at low prices; meanwhile, the domestic antimony trioxide spot market sees limited deals on the whole as most consumers still refill stocks in accordance with orders. The producer only sold less than 100t of the material in the past week as most of their regular customers, whose single purchase volume reaches about 20t in normal condition, only purchased about 10t during the week. Given soft demand continuously seen in the terminal market, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would decline in the coming week.
With an annual production capacity of 3,000t of antimony trioxide 99.8%min, the producer produced about 2,000t of the material in 2022 and expects that the output would be about 100t this month, in comparison to no output last month. They hold around 200t of stocks for the time being, unchanged MOM.
A trader in South China said, "We now quote RMB76,000/t (USD10,966/t) delivered D/A 30 days for antimony trioxide 99.8%min and consider accepting the price of RMB75,500/t (USD10,894/t) for firm orders from regular customers, but with no deals concluded so far this week. We purchased a small volume of the material at RMB76,000/t (USD10,966/t) early last week." According to the trader, the domestic antimony trioxide market sees limited deals at the moment as downstream consumers just wait on the sidelines and conduct limited purchases owing to soft demand. In light of weak demand in the spot market, the trader predicts that mainstream prices of Chinese antimony trioxide 99.8%min would go down in the coming week.
With a regular monthly trade volume of 200t of antimony trioxide 99.8%min, the trader expects to sell about 200t of the material this month, stable MOM. They totally sold about 2,000t of the material in 2022 and hold about 100t of stocks at the moment, basically unchanged from the same period of last month.
