Chinese antimony trioxide prices down slightly
2023-03-21 11:39:31 [Print]
BEIJING (Asian Metal) 21 Mar 22 - Owing to the decrease of antimony ingot prices and soft demand in the terminal market, Chinese antimony trioxide prices stand at a low level this week on the whole. Mainstream prices of Chinese antimony trioxide 99.8%min stand at RMB74,000-75,000/t (USD10,748-10,893/t) delivered D/A 30 days currently, slightly down by about RMB500/t (USD72.62/t) from late last week. In view of weak demand in the terminal market and inactive deals, insiders predict that mainstream prices of Chinese antimony trioxide 99.8%min would go down further in the coming week.
A producer in South China said, "We now quote RMB75,000/t (USD10,895/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,000/t (USD10,749/t) for firm orders from regular customers. We sold about 20t of the material at RMB75,000/t (USD10,895/t) late last week but with no deals concluded so far this week." According to the producer, due to low prices for raw material, consumers only purchase antimony trioxide in accordance with orders at present with strong wait-and-see sentiments. The producer received two-three enquiries by now this week, but their consumers only sent enquiries with reluctance to refill stocks. They sold about 100t of the material in the past week, about 50% lower than their weekly sales in normal condition. Given low prices for raw material on the whole and strong wait-and-see sentiments, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would continue to show a downward trend in the coming week.
With an annual production capacity of 20,000t of antimony trioxide 99.8%min, the producer expects to produce about 800t of the material this month, in comparison to about 600t last month. They totally produced about 11,000t of the material in 2022. They hold no spot stocks at the moment, unchanged MOM.
Another producer in South China said, "We now quote RMB75,000/t (USD10,895/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,500/t (USD10,822/t) to regular customers, but most consumers are more inclined to temporarily wait on the sidelines. Against the backdrop of inactive deals in the market, we don't sign any order today and our last deal was concluded late last week at RMB75,000/t (USD10,895/t) for about 20t of the material." In light of low raw material prices in the market overall and sluggish demand caused by the fact that consumers only keep purchasing from hand to mouth, the producer is bearish about the market outlook of antimony trioxide. They only sold 20t of the material in the past week, but their weekly sales could reach about 100t in normal condition. Restricted by soft demand for raw material, the producer expects that mainstream prices of Chinese antimony trioxide 99.8%min would continue to stand at a low level in the coming week.
With an annual production capacity of 5,000t of antimony trioxide 99.8%min, the producer expects to produce about 200t of the material this month, stable MOM. They totally produced around 4,000t of the material in 2022 and hold no spot stocks at the moment, unchanged MOM.
A producer in South China said, "We now quote RMB75,000/t (USD10,895/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,000/t (USD10,749/t) for firm orders from regular customers. We sold about 20t of the material at RMB75,000/t (USD10,895/t) late last week but with no deals concluded so far this week." According to the producer, due to low prices for raw material, consumers only purchase antimony trioxide in accordance with orders at present with strong wait-and-see sentiments. The producer received two-three enquiries by now this week, but their consumers only sent enquiries with reluctance to refill stocks. They sold about 100t of the material in the past week, about 50% lower than their weekly sales in normal condition. Given low prices for raw material on the whole and strong wait-and-see sentiments, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would continue to show a downward trend in the coming week.
With an annual production capacity of 20,000t of antimony trioxide 99.8%min, the producer expects to produce about 800t of the material this month, in comparison to about 600t last month. They totally produced about 11,000t of the material in 2022. They hold no spot stocks at the moment, unchanged MOM.
Another producer in South China said, "We now quote RMB75,000/t (USD10,895/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,500/t (USD10,822/t) to regular customers, but most consumers are more inclined to temporarily wait on the sidelines. Against the backdrop of inactive deals in the market, we don't sign any order today and our last deal was concluded late last week at RMB75,000/t (USD10,895/t) for about 20t of the material." In light of low raw material prices in the market overall and sluggish demand caused by the fact that consumers only keep purchasing from hand to mouth, the producer is bearish about the market outlook of antimony trioxide. They only sold 20t of the material in the past week, but their weekly sales could reach about 100t in normal condition. Restricted by soft demand for raw material, the producer expects that mainstream prices of Chinese antimony trioxide 99.8%min would continue to stand at a low level in the coming week.
With an annual production capacity of 5,000t of antimony trioxide 99.8%min, the producer expects to produce about 200t of the material this month, stable MOM. They totally produced around 4,000t of the material in 2022 and hold no spot stocks at the moment, unchanged MOM.
