Monthly Antimony Market Report Feb 2023
2023-03-16 17:51:35 【Print】
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1. Market Highlights
Chinese antimony market generally saw prices fluctuating at high levels in February; antimony product prices kept stable in early February and declined slightly in late February as some suppliers were eager to recoup funds against the backdrop of soft demand in the terminal market. Antimony concentrate 50%min prices stayed firm at around RMB72,000/t (USD10,429/t) in February as suppliers held back from selling and kept their prices firm owing to tight supply in the spot market caused by low operating rates of mines. Antimony ingot suppliers had strong intention to keep their prices firm owing to limited stocks for the material in hand and the supply shortage of raw material, but it's hard to conclude deals at high prices as consumers were cautious about refilling stocks; mainstream prices of antimony ingot 99.85%min stayed firm at RMB86,000/t (USD12,463/t) in early February and deals concluded at this price level increased slightly; but prices for the material went down slightly in late February with difficulties in rising as some suppliers were eager to recoup funds. Antimony trioxide 99.8%min prices kept firm at a high level of RMB76,000/t (USD11,009/t) delivered D/A 30 days during February as suppliers had strong intention to keep their prices firm and producers, who mainly kept making deliveries for orders signed before, held limited stocks in hand especially against the backdrop of firm raw material prices; however, restricted by inactive demand in the terminal market, most consumers just refilled stocks in small volumes based on orders in early February and the domestic antimony trioxide market saw slowdown in concluding deals in late February with difficulties for prices to go up. Prices of ethylene glycol antimony 57%min stayed firm at around RMB62,000/t (USD8,978/t) during February, but deals were limited as downstream polyester and chemical fiber plants kept insufficient operating rates against the backdrop of soft demand in the terminal market. The domestic sodium pyroantimonate market saw prices firm at around RMB48,000/t (USD6,950/t) during February as suppliers kept their quotations firm owing to firm prices for raw material and stable demand from PV market on the whole.
China's export prices of antimony products remained firm in February amid stalemates; supported by firm prices in the domestic market, exporters tried to keep their export prices for antimony products firm, but export deals were limited owing to soft demand and prevailing wait-and-see sentiments. China's import volume of antimony concentrate was limited on the whole during the month owing to restrictions on transportation and settlement methods. Export prices f Chinese antimony ingot kept firm at USD13,200/t FOB China and prices in the international market stayed firm at USD12,900/t CIF Europe, but deals were limited as international buyers only kept purchasing in accordance with orders. Export prices of Chinese antimony trioxide stood at USD11,200/t FOB China and the prices in the American market rose to USD5.2/lb. Generally speaking, China's export market of antimony products saw soft demand and international buyers were more inclined to wait on the sidelines as the prices in the real market were higher than their target purchasing prices.
Chinese antimony market generally saw prices fluctuating at high levels in February; antimony product prices kept stable in early February and declined slightly in late February as some suppliers were eager to recoup funds against the backdrop of soft demand in the terminal market. Antimony concentrate 50%min prices stayed firm at around RMB72,000/t (USD10,429/t) in February as suppliers held back from selling and kept their prices firm owing to tight supply in the spot market caused by low operating rates of mines. Antimony ingot suppliers had strong intention to keep their prices firm owing to limited stocks for the material in hand and the supply shortage of raw material, but it's hard to conclude deals at high prices as consumers were cautious about refilling stocks; mainstream prices of antimony ingot 99.85%min stayed firm at RMB86,000/t (USD12,463/t) in early February and deals concluded at this price level increased slightly; but prices for the material went down slightly in late February with difficulties in rising as some suppliers were eager to recoup funds. Antimony trioxide 99.8%min prices kept firm at a high level of RMB76,000/t (USD11,009/t) delivered D/A 30 days during February as suppliers had strong intention to keep their prices firm and producers, who mainly kept making deliveries for orders signed before, held limited stocks in hand especially against the backdrop of firm raw material prices; however, restricted by inactive demand in the terminal market, most consumers just refilled stocks in small volumes based on orders in early February and the domestic antimony trioxide market saw slowdown in concluding deals in late February with difficulties for prices to go up. Prices of ethylene glycol antimony 57%min stayed firm at around RMB62,000/t (USD8,978/t) during February, but deals were limited as downstream polyester and chemical fiber plants kept insufficient operating rates against the backdrop of soft demand in the terminal market. The domestic sodium pyroantimonate market saw prices firm at around RMB48,000/t (USD6,950/t) during February as suppliers kept their quotations firm owing to firm prices for raw material and stable demand from PV market on the whole.
China's export prices of antimony products remained firm in February amid stalemates; supported by firm prices in the domestic market, exporters tried to keep their export prices for antimony products firm, but export deals were limited owing to soft demand and prevailing wait-and-see sentiments. China's import volume of antimony concentrate was limited on the whole during the month owing to restrictions on transportation and settlement methods. Export prices f Chinese antimony ingot kept firm at USD13,200/t FOB China and prices in the international market stayed firm at USD12,900/t CIF Europe, but deals were limited as international buyers only kept purchasing in accordance with orders. Export prices of Chinese antimony trioxide stood at USD11,200/t FOB China and the prices in the American market rose to USD5.2/lb. Generally speaking, China's export market of antimony products saw soft demand and international buyers were more inclined to wait on the sidelines as the prices in the real market were higher than their target purchasing prices.
