European antimony ingot market sees lower prices
2023-03-07 11:58:25 [Print]
BEIJING (Asian Metal) 7 Mar 23 - Restricted by soft demand in the terminal market, the European antimony ingot market sees limited deals currently and some consumers intend to force down their purchasing prices, so mainstream prices in the European market move down slowly
A European antimony ingot supplier stated, "We now quote USD12,800/t CIF Europe for antimony ingot 99.65%min and could accept the price of USD12,700/t for firm orders from regular customers, but the current market sees inactive deals as most customers refuse to purchase owing to soft demand. We didn't conclude any deals in the past week, and still refused to accept any prices lower than USD12,800/t last week, when we didn't conclude any deal either." They last sold about 20t of the material at USD12,750/t CIF Europe in late February . According to the supplier, the European antimony ingot market sees strong wait-and-see sentiments currently due to soft demand. The supplier received at least three enquiries in the past week and some customers even forced down the purchasing prices to a level less than USD12,500/t, but the supplier refused to accept owing to firm costs . Given limited deals in the market on the whole, the supplier predicts that mainstream prices of European antimony ingot 99 . 65%min would go down in the coming week.
With the typical monthly sales of about 200t of antimony ingot 99.65%min, the supplier expects to sell about 180t of the material in March, steady MOM . They totally sold around 2,000t of the material in 2022 and hold about 100t of stocks at the moment, basically unchanged from last month.
Another European antimony ingot supplier said, "We quote USD12,700/t CIF Europe for antimony ingot 99.65%min now and could accept the price of USD12,600/t for firm orders from regular customers. We last sold about 20t of the material at USD12,800/t two weeks ago but with no deals concluded so far this week . " In view of rapid increase of prices, most European consumers only refilled stocks in accordance with orders and took a strong wait-and-see attitude in the past month, so the European market saw limited deals on the whole and the supplier's sales were less than 100t during the month, much lower than the monthly sales of at least 200t in normal condition . Restricted by soft demand in the terminal market, the European antimony ingot 99 . 65%min market sees pessimistic and wait-and-see sentiments, so the supplier predicts that mainstream prices of European antimony ingot 99 . 65%min would go down in the coming week.
With the regular monthly sales of about 200t of antimony ingot 99.65%min, the supplier expects to sell about 100t of the material this month, in comparison to about 50t last month . They totally sold around 1,500t of the material in 2022 and hold about 100t of stocks at the moment, steady MOM.
. Mainstream export prices of Chinese antimony ingot 99.65%min stand at USD12,500-12,700/t CIF Europe currently, down by about USD200/t from late last week . As consumers are reluctant to refill stocks and the terminal market sees soft demand, insiders predict that mainstream prices of antimony ingot 99 . 65%min would go down in the European market in the coming week.
A European antimony ingot supplier stated, "We now quote USD12,800/t CIF Europe for antimony ingot 99.65%min and could accept the price of USD12,700/t for firm orders from regular customers, but the current market sees inactive deals as most customers refuse to purchase owing to soft demand. We didn't conclude any deals in the past week, and still refused to accept any prices lower than USD12,800/t last week, when we didn't conclude any deal either." They last sold about 20t of the material at USD12,750/t CIF Europe in late February . According to the supplier, the European antimony ingot market sees strong wait-and-see sentiments currently due to soft demand. The supplier received at least three enquiries in the past week and some customers even forced down the purchasing prices to a level less than USD12,500/t, but the supplier refused to accept owing to firm costs . Given limited deals in the market on the whole, the supplier predicts that mainstream prices of European antimony ingot 99 . 65%min would go down in the coming week.
With the typical monthly sales of about 200t of antimony ingot 99.65%min, the supplier expects to sell about 180t of the material in March, steady MOM . They totally sold around 2,000t of the material in 2022 and hold about 100t of stocks at the moment, basically unchanged from last month.
Another European antimony ingot supplier said, "We quote USD12,700/t CIF Europe for antimony ingot 99.65%min now and could accept the price of USD12,600/t for firm orders from regular customers. We last sold about 20t of the material at USD12,800/t two weeks ago but with no deals concluded so far this week . " In view of rapid increase of prices, most European consumers only refilled stocks in accordance with orders and took a strong wait-and-see attitude in the past month, so the European market saw limited deals on the whole and the supplier's sales were less than 100t during the month, much lower than the monthly sales of at least 200t in normal condition . Restricted by soft demand in the terminal market, the European antimony ingot 99 . 65%min market sees pessimistic and wait-and-see sentiments, so the supplier predicts that mainstream prices of European antimony ingot 99 . 65%min would go down in the coming week.
With the regular monthly sales of about 200t of antimony ingot 99.65%min, the supplier expects to sell about 100t of the material this month, in comparison to about 50t last month . They totally sold around 1,500t of the material in 2022 and hold about 100t of stocks at the moment, steady MOM.