Chinese antimony ingot prices flat
2023-03-08 11:49:23 [Print]
BEIJING (Asian Metal) 8 Mar 23 - As the supply of raw material remains tight and the spot market also sees short supply, antimony ingot producers have limited output and hold offers unmoved, while market movement keeps sluggish. Current mainstream prices for Chinese antimony ingot 99.85%min stay flat at RMB85,000-86,000/t (USD12,249-12,393/t) EXW D/P, stable from late last week. Considering the overall slack spot market and the relatively weak demand from end users, insiders believe that prices for Chinese antimony ingot 99.85%min would remain weakly stable in the coming week.
A trader in South China said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,249/t) EXW D/P and won't consider selling at any lower prices, with no deals closed so far this week when prices stay unmoved from late last week. We last sold about 30t at RMB85,500/t (USD12,321/t) early last week". The trader added that antimony ingot plants now hold offers firm and they could hardly source the material at low prices. Most plants intend to keep their offers above RMB85,000/t (USD12,249/t), so they didn't purchase the material. The trader added that Chinese antimony ingot 99.85%min market saw slack movements over the past week when consumers just purchased from hand to mouth amid a strong wait-and-see sentiment, and they didn't even receive any enquiry in the past two days. Given the inactive spot market and the weak demand from end users, the trader believes that prices for Chinese antimony ingot 99.85%min would stay soft on the whole in the coming week.
With a monthly trade volume of 300t of antimony ingot 99.85%min, they expect to sell about 200t in March, on par with last month. They sold about 3,000t in total last year and now hold inventory of around 200t, the same as one month earlier.
Another trader in South China said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,249/t) EXW D/P and refuse to accept lower prices, unchanged from late last week. However, we didn't close any deal this week as our clients generally intend to buy at RMB84,000/t (USD12,104/t). We last sold about 30t at RMB85,800/t (USD12,364/t) one week ago". The trader added that the supply of antimony concentrate keeps tight now and the spot supply of antimony ingot also remains limited. Suppliers take a strong wait-and-see attitude while the demand from end market remains sluggish. They claimed that most of consumers refuse to purchase at prices above RMB85,000/t (USD12,249/t) this week while last week some consumers could still accept such prices. In light of the slack demand, the trader believes that prices for Chinese antimony ingot 99.85%min would stay soft in the following week.
With a regular monthly trade volume of 200t of antimony ingot 99.85%min, they expect to sell about 100t in March, basically in line with last month. They sold about 2,000t last year and currently have 100t of stocks, the same as a month ago.
A trader in South China said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,249/t) EXW D/P and won't consider selling at any lower prices, with no deals closed so far this week when prices stay unmoved from late last week. We last sold about 30t at RMB85,500/t (USD12,321/t) early last week". The trader added that antimony ingot plants now hold offers firm and they could hardly source the material at low prices. Most plants intend to keep their offers above RMB85,000/t (USD12,249/t), so they didn't purchase the material. The trader added that Chinese antimony ingot 99.85%min market saw slack movements over the past week when consumers just purchased from hand to mouth amid a strong wait-and-see sentiment, and they didn't even receive any enquiry in the past two days. Given the inactive spot market and the weak demand from end users, the trader believes that prices for Chinese antimony ingot 99.85%min would stay soft on the whole in the coming week.
With a monthly trade volume of 300t of antimony ingot 99.85%min, they expect to sell about 200t in March, on par with last month. They sold about 3,000t in total last year and now hold inventory of around 200t, the same as one month earlier.
Another trader in South China said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,249/t) EXW D/P and refuse to accept lower prices, unchanged from late last week. However, we didn't close any deal this week as our clients generally intend to buy at RMB84,000/t (USD12,104/t). We last sold about 30t at RMB85,800/t (USD12,364/t) one week ago". The trader added that the supply of antimony concentrate keeps tight now and the spot supply of antimony ingot also remains limited. Suppliers take a strong wait-and-see attitude while the demand from end market remains sluggish. They claimed that most of consumers refuse to purchase at prices above RMB85,000/t (USD12,249/t) this week while last week some consumers could still accept such prices. In light of the slack demand, the trader believes that prices for Chinese antimony ingot 99.85%min would stay soft in the following week.
With a regular monthly trade volume of 200t of antimony ingot 99.85%min, they expect to sell about 100t in March, basically in line with last month. They sold about 2,000t last year and currently have 100t of stocks, the same as a month ago.
