Chinese antimony trioxide market sees prevailing wait-and-see sentiments
2023-03-08 11:48:42 [Print]
BEIJING (Asian Metal) 8 Mar 23 - The Chinese antimony trioxide market sees slightly insufficient deals this week as it's hard for suppliers to conclude deals against the backdrop of strong wait-and-see attitude of downstream consumers. Mainstream prices of Chinese non-standard antimony trioxide 99.5%min stand at RMB72,500-73,500/t (USD10.398-10,541/t) EXW D/P currently, basically steady from late last week. In view of limited deals in the market on the whole, insiders predict that mainstream prices of Chinese non-standard antimony trioxide 99.5%min would go down in the coming week.
A producer in South China said, "We now quote RMB73,500/t (USD10,541/t) EXW D/P for antimony trioxide 99.5%min and could give the price of RMB73,000/t (USD10,468/t) to regular customers with real intention to refill stocks, but we haven't concluded any deals so far this week owing to the strong wait-and-see sentiments in the market. It's hard for us to conclude deals at the price of RMB73,000/t (USD10,468/t) this Monday." They last sold about 30t of the material at RMB73,500/t (USD10,541/t) early last week. According to the producer, the domestic antimony trioxide market sees inactive deals this week as consumers are more inclined to wait on the sidelines owing to soft demand in the terminal market. The producer holds about 200t of stocks at present, but basically holds no stocks in hand in normal condition. Given inadequate deals in the market on the whole, the producer predicts that mainstream prices of Chinese antimony trioxide 99.5%min would decline slightly in the coming week.
With an annual production capacity of 6,000t of antimony trioxide 99.5%min, the producer expects to produce about 400t of the material this month, in comparison to about 300t in February. They totally produced about 4,000t of the material in 2022, holding about 200t of stocks at the moment, in comparison to no stocks in the same period of last month.
Another producer in South China said, "We now quote RMB73,000/t (USD10,468/t) EXW D/P for antimony trioxide 99.5%min and could accept the price of RMB72,500/t (USD10,396/t) for firm orders from regular customers. The domestic market sees inactive deals this week as most customers prefer to wait on the sidelines." They last sold about 20t of the material at RMB73,000/t (USD10,468/t) one week ago. With no spot stocks in hand, the producer is in no rush to sell the material at the moment, and deals in the market are still insufficient as consumers just take a wait-and-see attitude restricted by soft demand in the terminal market. In light of weak demand in the terminal market, the producer expects that mainstream prices of Chinese antimony trioxide 99.5%min would drop slowly in the coming week.
With an annual production capacity of 4,000t of antimony trioxide 99.5%min, the producer expects to produce about 300t of the material this month, stable MOM. They totally produced about 3,000t of the material in 2022, holding no stocks at the moment, unchanged MOM.
A producer in South China said, "We now quote RMB73,500/t (USD10,541/t) EXW D/P for antimony trioxide 99.5%min and could give the price of RMB73,000/t (USD10,468/t) to regular customers with real intention to refill stocks, but we haven't concluded any deals so far this week owing to the strong wait-and-see sentiments in the market. It's hard for us to conclude deals at the price of RMB73,000/t (USD10,468/t) this Monday." They last sold about 30t of the material at RMB73,500/t (USD10,541/t) early last week. According to the producer, the domestic antimony trioxide market sees inactive deals this week as consumers are more inclined to wait on the sidelines owing to soft demand in the terminal market. The producer holds about 200t of stocks at present, but basically holds no stocks in hand in normal condition. Given inadequate deals in the market on the whole, the producer predicts that mainstream prices of Chinese antimony trioxide 99.5%min would decline slightly in the coming week.
With an annual production capacity of 6,000t of antimony trioxide 99.5%min, the producer expects to produce about 400t of the material this month, in comparison to about 300t in February. They totally produced about 4,000t of the material in 2022, holding about 200t of stocks at the moment, in comparison to no stocks in the same period of last month.
Another producer in South China said, "We now quote RMB73,000/t (USD10,468/t) EXW D/P for antimony trioxide 99.5%min and could accept the price of RMB72,500/t (USD10,396/t) for firm orders from regular customers. The domestic market sees inactive deals this week as most customers prefer to wait on the sidelines." They last sold about 20t of the material at RMB73,000/t (USD10,468/t) one week ago. With no spot stocks in hand, the producer is in no rush to sell the material at the moment, and deals in the market are still insufficient as consumers just take a wait-and-see attitude restricted by soft demand in the terminal market. In light of weak demand in the terminal market, the producer expects that mainstream prices of Chinese antimony trioxide 99.5%min would drop slowly in the coming week.
With an annual production capacity of 4,000t of antimony trioxide 99.5%min, the producer expects to produce about 300t of the material this month, stable MOM. They totally produced about 3,000t of the material in 2022, holding no stocks at the moment, unchanged MOM.
