Chinese antimony ingot prices edge down
2023-03-14 11:47:52 [Print]
BEIJING (Asian Metal) 14 Mar 23 - Restricted by the slack demand from end users, Chinese antimony ingot market sees few deals and some suppliers slightly lowered their offers, but the overall supply remains relatively tight. Current mainstream prices for Chinese antimony ingot 99.85%min stand at RMB84,500-85,500/t (USD12,314-12,459/t) EXW D/P, down slightly by RMB500/t (USD72.86/t) from late last week. Given the inactive market, some suppliers could accept a slight concession to promote sales, and insiders believe that prices for Chinese antimony ingot 99.85%min would stay soft on the whole in the following week.
A producer in Guangxi said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,387/t) EXW D/P and would consider RMB84,500/t (USD12,314/t) for firm orders, however, we didn't close any deals this week when downstream consumers expressed low interest in purchasing. We last sold about 30t at RMB85,000/t (USD12,387/t) one week ago". The producer explained that antimony ingot suppliers now hold offers firm given the overall tight supply of raw material. However, the demand remains sluggish now and they could hardly receive any orders in the past week, with most consumers cautious about buying at prices above RMB85,000/t (USD12,387/t), so the market saw few deals. Considering the slow movements in the spot market, the producer lacks confidence in the market outlook and predicts that prices for Chinese antimony ingot 99.85%min would stay soft on the whole in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, they produced about 3,500t in total last year and expect about 240t in March, compared with around 200t in February. They now hold inventory of nearly 100t, on par with a month ago.
A Hunan-based producer said, "We give no offer for antimony ingot 99.85%min at the moment and we would consider RMB85,000/t (USD12,387/t) for firm orders from regular clients. However, we didn't close any deals this week when consumers took a strong wait-and-see attitude, which led to the inactive market. We last sold about 30t at RMB86,000/t (USD12,532/t) in late February". The producer explained that downstream consumers are cautious about purchasing amid a strong wait-and-see sentiment due to the short supply in the spot market. They offered RMB85,000/t (USD12,387/t) EXW D/P to some buyers late last week while they didn't even get any counteroffer from these clients. In light of the overall tight supply and the softening prices, they believe that prices for Chinese antimony ingot 99.85%min would remain soft on the whole in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, they produced about 3,800t in total last year and expect about 100t in March, compared with no output last month. They don't have any stocks now, the same as one month earlier.
A producer in Guangxi said, "We now quote antimony ingot 99.85%min at RMB85,000/t (USD12,387/t) EXW D/P and would consider RMB84,500/t (USD12,314/t) for firm orders, however, we didn't close any deals this week when downstream consumers expressed low interest in purchasing. We last sold about 30t at RMB85,000/t (USD12,387/t) one week ago". The producer explained that antimony ingot suppliers now hold offers firm given the overall tight supply of raw material. However, the demand remains sluggish now and they could hardly receive any orders in the past week, with most consumers cautious about buying at prices above RMB85,000/t (USD12,387/t), so the market saw few deals. Considering the slow movements in the spot market, the producer lacks confidence in the market outlook and predicts that prices for Chinese antimony ingot 99.85%min would stay soft on the whole in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, they produced about 3,500t in total last year and expect about 240t in March, compared with around 200t in February. They now hold inventory of nearly 100t, on par with a month ago.
A Hunan-based producer said, "We give no offer for antimony ingot 99.85%min at the moment and we would consider RMB85,000/t (USD12,387/t) for firm orders from regular clients. However, we didn't close any deals this week when consumers took a strong wait-and-see attitude, which led to the inactive market. We last sold about 30t at RMB86,000/t (USD12,532/t) in late February". The producer explained that downstream consumers are cautious about purchasing amid a strong wait-and-see sentiment due to the short supply in the spot market. They offered RMB85,000/t (USD12,387/t) EXW D/P to some buyers late last week while they didn't even get any counteroffer from these clients. In light of the overall tight supply and the softening prices, they believe that prices for Chinese antimony ingot 99.85%min would remain soft on the whole in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, they produced about 3,800t in total last year and expect about 100t in March, compared with no output last month. They don't have any stocks now, the same as one month earlier.
