Chinese antimony trioxide prices stay firm
2023-03-07 11:59:09 [Print]
BEIJING (Asian Metal) 7 Mar 23 - Supported by the stable price of raw material, antimony trioxide suppliers hold offers firm this week while downstream consumers generally keep purchasing from hand to mouth, leading to slack market movement
A producer in South China said, "We now quote antimony trioxide 99.8%min at RMB76,500/t (USD11,024/t) delivered D/A 30 days and would accept RMB76,000/t (USD10,952/t) for firm orders. We didn't close any deals this week and we sold just 20t at RMB76,000/t (USD10,952/t) last week" . The producer added that prices for antimony ingot 99.85%min, the raw material for antimony trioxide, stay firm at RMB85,000/t (USD12,249/t) EXW D/P this week, basically unchanged from late last week, and most suppliers refuse to sell at any lower prices . They explained that antimony trioxide sales were sluggish over the past week when they sold less than 10t, against their regular sales of more than 100t a week . Most consumers just keep purchasing from hand to mouth now, and the market sees a strong wait-and-see sentiment . In light of the firm price of raw material, they believe that prices for Chinese antimony trioxide 99 . 8%min would remain stable in the following week.
With an annual production capacity of 20,000t of antimony trioxide 99.8%min, they expect to produce about 800t in March, up from around 600t in February . They produced nearly 9,000t in total last year, and now have no stock in hand, the same as a month ago.
Another producer in South China said, "Our current offer for antimony trioxide 99.8%min is RMB76,000/t (USD10,952/t) delivered D/A 30 days and we might consider a concession of RMB500/t (USD72.05/t) for firm orders. We can hardly close any deals at lower prices and we sold about 10t at RMB75,500/t (USD10,880/t) this week" . The producer explained that they hold offer unmoved this week due to the firm price of raw material and the overall tight supply in the spot market . However, most consumers prefer to wait and see amid the slack demand . Considering that antimony ingot price remains firm but downstream consumers just purchase from hand to mouth, they believe that prices for Chinese antimony trioxide 99 . 8%min would stay unchanged in the coming week.
With a production capacity of 15,000tpy of antimony trioxide 99.8%min, they expect to produce about 600t in March, compared with 400t in February . They produced about 7,000t in total last year, and currently hold no stock in hand, the same as one month earlier.
. Current prevailing prices for Chinese antimony trioxide 99.8%min stand at RMB75,500-76,500/t (USD10,880-11,024/t) delivered D/A 30 days, unchanged from late last week . Given the firm price of raw material and the overall limited supply, insiders believe that prices for Chinese antimony trioxide 99 . 8%min would remain stable in the coming week.
A producer in South China said, "We now quote antimony trioxide 99.8%min at RMB76,500/t (USD11,024/t) delivered D/A 30 days and would accept RMB76,000/t (USD10,952/t) for firm orders. We didn't close any deals this week and we sold just 20t at RMB76,000/t (USD10,952/t) last week" . The producer added that prices for antimony ingot 99.85%min, the raw material for antimony trioxide, stay firm at RMB85,000/t (USD12,249/t) EXW D/P this week, basically unchanged from late last week, and most suppliers refuse to sell at any lower prices . They explained that antimony trioxide sales were sluggish over the past week when they sold less than 10t, against their regular sales of more than 100t a week . Most consumers just keep purchasing from hand to mouth now, and the market sees a strong wait-and-see sentiment . In light of the firm price of raw material, they believe that prices for Chinese antimony trioxide 99 . 8%min would remain stable in the following week.
With an annual production capacity of 20,000t of antimony trioxide 99.8%min, they expect to produce about 800t in March, up from around 600t in February . They produced nearly 9,000t in total last year, and now have no stock in hand, the same as a month ago.
Another producer in South China said, "Our current offer for antimony trioxide 99.8%min is RMB76,000/t (USD10,952/t) delivered D/A 30 days and we might consider a concession of RMB500/t (USD72.05/t) for firm orders. We can hardly close any deals at lower prices and we sold about 10t at RMB75,500/t (USD10,880/t) this week" . The producer explained that they hold offer unmoved this week due to the firm price of raw material and the overall tight supply in the spot market . However, most consumers prefer to wait and see amid the slack demand . Considering that antimony ingot price remains firm but downstream consumers just purchase from hand to mouth, they believe that prices for Chinese antimony trioxide 99 . 8%min would stay unchanged in the coming week.
With a production capacity of 15,000tpy of antimony trioxide 99.8%min, they expect to produce about 600t in March, compared with 400t in February . They produced about 7,000t in total last year, and currently hold no stock in hand, the same as one month earlier.