Chinese ethylene glycol antimony prices steady
2023-03-10 11:50:14 [Print]
BEIJING (Asian Metal) 10 Mar 23 - Owing to firm production costs, Chinese ethylene glycol antimony suppliers keep their quotations steady this week, but deals in the market are limited as end users only wait on the sidelines as a result of insufficient operating rates. Mainstream prices of Chinese ethylene glycol antimony 57%min stand at RMB61,000-62,000/t (USD8,754-8,898/t) delivered D/A 180 days currently, unchanged from early this week. In view of inactive demand in the terminal market, insiders predict that mainstream prices of Chinese ethylene glycol antimony 57%min would go down amid stability in the coming week.
A producer in South China said, "We now quote RMB62,000/t (USD8,898/t) delivered D/A 180 days for ethylene glycol antimony 57%min and could accept the price of RMB61,000/t (USD8,754/t) for firm orders from regular customers. We once sold about 20t of the material at RMB61,000/t (USD8,754/t) in the middle of this week." According to the producer, owing to soft demand in the terminal market, downstream consumers keep insufficient operating rates this week and only refill stocks in accordance with orders. A client purchased 10t of the material from the trader this Monday, but their purchase volume could reach over 20t per time in normal condition. Given weak demand in the terminal market, the producer expects that mainstream prices of Chinese ethylene glycol antimony 57%min would show a downward trend in the coming week.
With an annual production capacity of 2,000t of ethylene glycol antimony 57%min, the producer produced around 1,200t of the material in 2022 and expects that the output would be about 100t this month, in comparison to about 80t last month. They hold no spot stocks at the moment, unchanged MOM.
Another producer in South China said, "We now quote RMB63,000/t (USD9,041/t) delivered D/A 180 days for ethylene glycol antimony 57%min and could accept the price of RMB62,000/t (USD8,898/t) for firm orders. We already sold about 10t of the material at RMB62,000/t (USD8,898/t) this week." According to the producer, the domestic ethylene glycol antimony 57%min market sees limited deals at present as consumers only refill stocks based on orders against the backdrop of inactive demand in the terminal market. They totally sold about 30t of the material in the past two weeks, but their sales could reach about 30t per week in normal condition. Restricted by soft demand in the terminal market, the producer predicts that mainstream prices of Chinese ethylene glycol antimony 57%min would go down slightly in the coming week.
With an annual production capacity of 1,500t of ethylene glycol antimony 57%min, the producer produced around 1,200t of the material in 2022 and expects that the output would be about 100t this month, in comparison to about 70t last month. They hold no spot stocks at the moment, unchanged MOM.
A producer in South China said, "We now quote RMB62,000/t (USD8,898/t) delivered D/A 180 days for ethylene glycol antimony 57%min and could accept the price of RMB61,000/t (USD8,754/t) for firm orders from regular customers. We once sold about 20t of the material at RMB61,000/t (USD8,754/t) in the middle of this week." According to the producer, owing to soft demand in the terminal market, downstream consumers keep insufficient operating rates this week and only refill stocks in accordance with orders. A client purchased 10t of the material from the trader this Monday, but their purchase volume could reach over 20t per time in normal condition. Given weak demand in the terminal market, the producer expects that mainstream prices of Chinese ethylene glycol antimony 57%min would show a downward trend in the coming week.
With an annual production capacity of 2,000t of ethylene glycol antimony 57%min, the producer produced around 1,200t of the material in 2022 and expects that the output would be about 100t this month, in comparison to about 80t last month. They hold no spot stocks at the moment, unchanged MOM.
Another producer in South China said, "We now quote RMB63,000/t (USD9,041/t) delivered D/A 180 days for ethylene glycol antimony 57%min and could accept the price of RMB62,000/t (USD8,898/t) for firm orders. We already sold about 10t of the material at RMB62,000/t (USD8,898/t) this week." According to the producer, the domestic ethylene glycol antimony 57%min market sees limited deals at present as consumers only refill stocks based on orders against the backdrop of inactive demand in the terminal market. They totally sold about 30t of the material in the past two weeks, but their sales could reach about 30t per week in normal condition. Restricted by soft demand in the terminal market, the producer predicts that mainstream prices of Chinese ethylene glycol antimony 57%min would go down slightly in the coming week.
With an annual production capacity of 1,500t of ethylene glycol antimony 57%min, the producer produced around 1,200t of the material in 2022 and expects that the output would be about 100t this month, in comparison to about 70t last month. They hold no spot stocks at the moment, unchanged MOM.
