Antimony ingot prices down in Europe
2023-03-24 11:53:09 [Print]
BEIJING (Asian Metal) 24 Mar 23 - The European antimony ingot market sees limited deals on the whole as consumers are cautious about refilling stocks with a bearish attitude against the backdrop of soft demand in the terminal market. Mainstream prices of antimony ingot 99.65%min in the European market stand at USD11,800-12,000/t FOB China currently, down by USD500/t from late last week. In view of soft demand in the market, insiders predict that mainstream prices of antimony ingot 99.65%min would go down further in the European market in the coming week.
An exporter in South China said, "Our export quotation for antimony ingot 99.65%min is USD11,800/t CIF Europe at present and we could accept the price of USD11,700/t CIF Europe, but we haven't concluded any deals so far this week as European buyers intend to force down their purchasing price to USD11,500/t, which we refuse to accept. We still refused to accept any prices lower than USD11,800/t last week, when we didn't conclude any deals either." They last exported about 20t of the material at USD12,700/t in early March and expect that the export volume would decrease from about 200t last month to about 100t this month as consumers are inactive in refilling stocks at present. Given inactive purchases in the market, the exporter predicts that mainstream prices of antimony ingot 99.65%min in the European market would keep decreasing in the coming week.
With a regular monthly export volume of about 150t of antimony ingot 99.65%min, the exporter expects to export about 100t of the material this month, much lower than the figure of about 200t last month. They totally exported about 1,500t of the material in 2022 and hold about 50t of stocks at the moment, unchanged MOM.
Another exporter in South China said, "We now quote USD12,400/t CIF Europe for antimony ingot 99.65%min and could accept the price of USD12,200/t for firm orders, but with no deals concluded so far as downstream consumers only refill stocks based on orders. We last exported about 20t of the material at USD12,400/t CIF Europe one week ago." Given low prices in the current market as well as weak demand caused by the fact that consumers only keep purchasing in accordance with orders against the backdrop of inactive purchases in the terminal market, the exporter only exported less than 100t of the material in the past month, but their monthly exports could reach 200t or so in normal condition. In light of sluggish demand in the terminal market and inactive deals in the spot market, the exporter predicts that mainstream prices of antimony ingot 99.65%min would continue to show a downward trend in the European market in the coming week.
With a regular monthly export volume of about 200t of antimony ingot 99.65%min, the exporter expects to export about 50t of the material this month, much lower than the figure of about 100t last month. They totally exported about 1,200t of the material in 2022 and hold about 100t of stocks at the moment, unchanged MOM.
An exporter in South China said, "Our export quotation for antimony ingot 99.65%min is USD11,800/t CIF Europe at present and we could accept the price of USD11,700/t CIF Europe, but we haven't concluded any deals so far this week as European buyers intend to force down their purchasing price to USD11,500/t, which we refuse to accept. We still refused to accept any prices lower than USD11,800/t last week, when we didn't conclude any deals either." They last exported about 20t of the material at USD12,700/t in early March and expect that the export volume would decrease from about 200t last month to about 100t this month as consumers are inactive in refilling stocks at present. Given inactive purchases in the market, the exporter predicts that mainstream prices of antimony ingot 99.65%min in the European market would keep decreasing in the coming week.
With a regular monthly export volume of about 150t of antimony ingot 99.65%min, the exporter expects to export about 100t of the material this month, much lower than the figure of about 200t last month. They totally exported about 1,500t of the material in 2022 and hold about 50t of stocks at the moment, unchanged MOM.
Another exporter in South China said, "We now quote USD12,400/t CIF Europe for antimony ingot 99.65%min and could accept the price of USD12,200/t for firm orders, but with no deals concluded so far as downstream consumers only refill stocks based on orders. We last exported about 20t of the material at USD12,400/t CIF Europe one week ago." Given low prices in the current market as well as weak demand caused by the fact that consumers only keep purchasing in accordance with orders against the backdrop of inactive purchases in the terminal market, the exporter only exported less than 100t of the material in the past month, but their monthly exports could reach 200t or so in normal condition. In light of sluggish demand in the terminal market and inactive deals in the spot market, the exporter predicts that mainstream prices of antimony ingot 99.65%min would continue to show a downward trend in the European market in the coming week.
With a regular monthly export volume of about 200t of antimony ingot 99.65%min, the exporter expects to export about 50t of the material this month, much lower than the figure of about 100t last month. They totally exported about 1,200t of the material in 2022 and hold about 100t of stocks at the moment, unchanged MOM.
