Export prices of Chinese antimony ingot go down
2023-03-28 11:45:25 [Print]
BEIIJING (Asian Metal) 28 Mar 23 - China's export market of antimony ingot sees limited deals owing to inactive demand from international buyers who are cautious about purchasing. Mainstream export prices of Chinese antimony ingot 99.65%min stand at USD12,300-12,500/t FOB China currently, down by about USD100/t from late last week. In view of weak demand in the terminal market, insiders predict that mainstream export prices of Chinese antimony ingot 99.65%min would decline further in the coming week.
An exporter in South China said, "We now quote USD12,400/t FOB China for antimony ingot 99.65%min in the export market, but international buyers refuse to purchase at this price level and could only accept the prices lower than USD12,000/t given the downward price trend in the market on the whole. We still refused to accept any prices lower than USD12,500/t last week, when we didn't conclude any deal. In addition, we didn't sign any order by now this week." They last exported about 20t of the material at USD12,600/t FOB China one week ago. It's hard for the exporter to conclude export deals on the basis of FOB currently as suppliers from Burma and other countries and regions could give the price of USD11,600/t CIF Europe. In view of inactive deals and soft demand in the export market, the exporter predicts that mainstream export prices of Chinese antimony ingot 99.65%min would keep decreasing in the coming week.
With a regular monthly export volume of 100t of antimony ingot 99.65%min, the exporter expects to export about 60t of the material this month, steady MOM. They totally exported about 800t 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 USD11,700/t CIF Europe for antimony ingot 99.65%min export orders to be delivered from ports of Thailand, but our lowest quotation for the material will be USD12,300/t FOB China for export orders to be delivered from China. We already exported about 40t of the material at USD11,600/t CIF Europe by now this week and about 20t at USD11,700/t CIF Europe late last week." According to the exporter, the export market sees downward price trend now on the whole as most international buyers only consume stocks purchased in February and are reluctant to refill stocks with strong wait-and-see sentiments, especially against the backdrop that some international suppliers could make small concessions in prices to boost sales. The exporter expects to sign orders of about 200t this month, but their monthly sales could reach about 300t in normal condition. In light of sluggish demand in the market, the exporter expects that mainstream export prices of Chinese antimony ingot 99.65%min would drop further in the coming week.
With a regular monthly export volume of 400t of antimony ingot 99.65%min, the exporter expects to export about 200t of the material in March, lower than the figure of about 300t in February. They totally exported around 3,000t of the material in 2022 and hold no spot stocks for the time being, unchanged MOM.
An exporter in South China said, "We now quote USD12,400/t FOB China for antimony ingot 99.65%min in the export market, but international buyers refuse to purchase at this price level and could only accept the prices lower than USD12,000/t given the downward price trend in the market on the whole. We still refused to accept any prices lower than USD12,500/t last week, when we didn't conclude any deal. In addition, we didn't sign any order by now this week." They last exported about 20t of the material at USD12,600/t FOB China one week ago. It's hard for the exporter to conclude export deals on the basis of FOB currently as suppliers from Burma and other countries and regions could give the price of USD11,600/t CIF Europe. In view of inactive deals and soft demand in the export market, the exporter predicts that mainstream export prices of Chinese antimony ingot 99.65%min would keep decreasing in the coming week.
With a regular monthly export volume of 100t of antimony ingot 99.65%min, the exporter expects to export about 60t of the material this month, steady MOM. They totally exported about 800t 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 USD11,700/t CIF Europe for antimony ingot 99.65%min export orders to be delivered from ports of Thailand, but our lowest quotation for the material will be USD12,300/t FOB China for export orders to be delivered from China. We already exported about 40t of the material at USD11,600/t CIF Europe by now this week and about 20t at USD11,700/t CIF Europe late last week." According to the exporter, the export market sees downward price trend now on the whole as most international buyers only consume stocks purchased in February and are reluctant to refill stocks with strong wait-and-see sentiments, especially against the backdrop that some international suppliers could make small concessions in prices to boost sales. The exporter expects to sign orders of about 200t this month, but their monthly sales could reach about 300t in normal condition. In light of sluggish demand in the market, the exporter expects that mainstream export prices of Chinese antimony ingot 99.65%min would drop further in the coming week.
With a regular monthly export volume of 400t of antimony ingot 99.65%min, the exporter expects to export about 200t of the material in March, lower than the figure of about 300t in February. They totally exported around 3,000t of the material in 2022 and hold no spot stocks for the time being, unchanged MOM.
