Chinese antimony trioxide export prices edge down
2023-03-02 11:54:23 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Overseas antimony trioxide market stays inactive now as buyers remain cautious toward high prices, while Chinese suppliers could accept a slight concession to stimulate sales
An exporter in South China said, "We now quote antimony trioxide 99.5%min at USD11,200/t FOB China with a concession of up to USD100/t for firm orders. We exported about 20t at USD11,100/t this week, while late last week we refused to sell at prices lower than USD11,200/t and we sold 10t at the price" . The exporter explained that the export market sees inactive purchases now as most overseas buyers tend to be cautious due to the relatively high prices . They exported just around 300t of antimony trioxide 99 . 5%min in February, while normally they would export at least 400t a month . However, Chinese raw material suppliers hold their offers firm due to the overall tight supply in the spot market . Supported by the firm cost, they have no invention to cut sales price substantially, and believe that export prices for Chinese antimony trioxide 99 . 5%min would stay unmoved in the coming week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they exported about 300t in February, on par with the prior month . They exported nearly 6,000t in total last year and currently hold inventory of about 500t, the same as a month ago.
Another exporter in South China said, "Our current offer for antimony trioxide 99.5%min is USD11,200/t FOB China and we would consider USD11,150/t for firm orders. There was no deal closed so far this week while we sold nearly 10t at USD11,300/t last week" . They explained that overseas buyers just keep purchasing from hand to mouth as the demand remains soft, leading to relatively light trading over the past two weeks . They exported less than 100t during the past two weeks, against their regular export volume of at least 100t a week . The exporter added that Chinese raw material suppliers hold offer firm and the spot supply remains limited, and prices of antimony trioxide 99.85%min now stand above RMB85,000/t (USD12,324/t) . Supported by the firm price of antimony ingot in China, they forecast that export prices for Chinese antimony trioxide 99 . 5%min would remain stable in the coming week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they exported about 300t in February, in line with January . They exported about 5,000t in total last year and now hold no stock in hand, the same as one month earlier.
. Current prevailing export prices for Chinese antimony trioxide 99.5%min stand at USD11,000-11,200/t FOB China, down roughly by USD100/t from late last week . Given the slack demand from end users but the firm price of raw material in China, insiders believe that mainstream export prices for Chinese antimony trioxide 99 . 5%min would stay firm in the coming week.
An exporter in South China said, "We now quote antimony trioxide 99.5%min at USD11,200/t FOB China with a concession of up to USD100/t for firm orders. We exported about 20t at USD11,100/t this week, while late last week we refused to sell at prices lower than USD11,200/t and we sold 10t at the price" . The exporter explained that the export market sees inactive purchases now as most overseas buyers tend to be cautious due to the relatively high prices . They exported just around 300t of antimony trioxide 99 . 5%min in February, while normally they would export at least 400t a month . However, Chinese raw material suppliers hold their offers firm due to the overall tight supply in the spot market . Supported by the firm cost, they have no invention to cut sales price substantially, and believe that export prices for Chinese antimony trioxide 99 . 5%min would stay unmoved in the coming week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they exported about 300t in February, on par with the prior month . They exported nearly 6,000t in total last year and currently hold inventory of about 500t, the same as a month ago.
Another exporter in South China said, "Our current offer for antimony trioxide 99.5%min is USD11,200/t FOB China and we would consider USD11,150/t for firm orders. There was no deal closed so far this week while we sold nearly 10t at USD11,300/t last week" . They explained that overseas buyers just keep purchasing from hand to mouth as the demand remains soft, leading to relatively light trading over the past two weeks . They exported less than 100t during the past two weeks, against their regular export volume of at least 100t a week . The exporter added that Chinese raw material suppliers hold offer firm and the spot supply remains limited, and prices of antimony trioxide 99.85%min now stand above RMB85,000/t (USD12,324/t) . Supported by the firm price of antimony ingot in China, they forecast that export prices for Chinese antimony trioxide 99 . 5%min would remain stable in the coming week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they exported about 300t in February, in line with January . They exported about 5,000t in total last year and now hold no stock in hand, the same as one month earlier.