Chinese antimony trioxide consumers wait on sidelines
2023-03-27 11:49:47 [Print]
BEIJING (Asian Metal) 27 Mar 23 - As prices moved down and the demand from end users remains slack, Chinese antimony trioxide consumers mostly take a wait-and-see attitude for the moment. Mainstream prices for Chinese antimony trioxide 99.8%min now stand at RMB73,000-74,000/t (USD10,629-10,775/t) delivered D/A 30 days, down roughly by RMB500/t (USD72.80/t) from early this week. As the demand stays sluggish and some suppliers could make a slight concession to promote sales, insiders believe that prices for Chinese antimony trioxide 99.8%min would remain soft on the whole in the coming week.
A consumer in South China said, "Offers we got from antimony trioxide 99.8%min suppliers stand at RMB73,500/t (USD10,702/t) delivered D/A 30 days, and for firm orders, we could purchase at RMB73,000/t (USD10,629/t). However, given the price downtrend and the inactive demand from end market, we prefer to wait and see for the moment, with no deals closed this week". The consumer added that their suppliers refused to sell at prices below RMB74,000/t (USD10,775/t) late last week, and they last purchased 10t at RMB74,000/t (USD10,775/t) early last week, while they normally would purchase around 20t each time. In light of the softening price and slack demand, they might consume less than 20t of antimony trioxide in March, against their regular consumption of around 30t a month. Discouraged by the weak demand, they believe that prices for Chinese antimony trioxide 99.8%min would move down further in the coming week.
With an annual consumption capacity of 500t of antimony trioxide 99.8%min, they consumed about 300t in 2022 and expect to use around 15t this month, on par with February. They now hold inventory of about 10t, the same as a month ago.
Another consumer in South China said, their antimony trioxide 99.8%min supplier now offers RMB73,000/t (USD10,629/t) delivered D/A 30 days and they didn't send any counteroffer as they prefer to take a wait-and-see attitude. From his experience, he could even purchase antimony trioxide 99.8%min at RMB72,500/t (USD10,556/t) as their regular suppliers would accept a slight concession. The consumer explained, "Due to the sluggish demand, we might consume around 20-30t of antimony trioxide this month, down by nearly 30% from the regular level. As the demand stays slack, we are inclined to wait and see". They disclosed that they last purchased just about 10t at RMB74,000/t (USD10,775/t) one week ago. Considering the weak demand, the consumer believes that prices for Chinese antimony trioxide 99.8%min would soften a bit on the whole in following week.
With an annual consumption capacity of 800t of antimony trioxide 99.8%min, they consumed about 500t in 2022 and expect to use around 20t this month, down from 30t in February. They now hold nearly 20t of stocks, stable from last month.
A consumer in South China said, "Offers we got from antimony trioxide 99.8%min suppliers stand at RMB73,500/t (USD10,702/t) delivered D/A 30 days, and for firm orders, we could purchase at RMB73,000/t (USD10,629/t). However, given the price downtrend and the inactive demand from end market, we prefer to wait and see for the moment, with no deals closed this week". The consumer added that their suppliers refused to sell at prices below RMB74,000/t (USD10,775/t) late last week, and they last purchased 10t at RMB74,000/t (USD10,775/t) early last week, while they normally would purchase around 20t each time. In light of the softening price and slack demand, they might consume less than 20t of antimony trioxide in March, against their regular consumption of around 30t a month. Discouraged by the weak demand, they believe that prices for Chinese antimony trioxide 99.8%min would move down further in the coming week.
With an annual consumption capacity of 500t of antimony trioxide 99.8%min, they consumed about 300t in 2022 and expect to use around 15t this month, on par with February. They now hold inventory of about 10t, the same as a month ago.
Another consumer in South China said, their antimony trioxide 99.8%min supplier now offers RMB73,000/t (USD10,629/t) delivered D/A 30 days and they didn't send any counteroffer as they prefer to take a wait-and-see attitude. From his experience, he could even purchase antimony trioxide 99.8%min at RMB72,500/t (USD10,556/t) as their regular suppliers would accept a slight concession. The consumer explained, "Due to the sluggish demand, we might consume around 20-30t of antimony trioxide this month, down by nearly 30% from the regular level. As the demand stays slack, we are inclined to wait and see". They disclosed that they last purchased just about 10t at RMB74,000/t (USD10,775/t) one week ago. Considering the weak demand, the consumer believes that prices for Chinese antimony trioxide 99.8%min would soften a bit on the whole in following week.
With an annual consumption capacity of 800t of antimony trioxide 99.8%min, they consumed about 500t in 2022 and expect to use around 20t this month, down from 30t in February. They now hold nearly 20t of stocks, stable from last month.
