Chinese antimony ingot prices keep falling
2023-03-28 11:39:36 [Print]
BEIJING (Asian Metal) 28 Mar 23 - Due to the restrictions of price decline in the international market and sluggish consumption in the domestic terminal market, the Chinese antimony ingot price trend continued to remain weak from last week. The current mainstream prices for Chinese antimony ingot 99.85%min decline to RMB81,500-82,500/t (USD11,837-11,982/t) EXW D/P, down by RMB500/t (USD72.62/t) from late last week. Considering sluggish market deals, some suppliers may consider accepting small price concessions to make deals. Insiders expect that prices for Chinese antimony ingot 99.85%min would go down further in the coming week.
A trader in South China noted, "Currently we have no active offer for antimony ingot 99.85%min, and most customers' target purchase prices reduce to RMB81,000/t (USD11,765/t) EXW D/P. We currently do not consider selling at the current price, but it is difficult to sell at a price higher than RMB82,000/t (USD11,910/t). We closed no deal in the past week, and last sold 20t at RMB84,500/t (USD12,273/t) a week ago". The trader added that the current market confidence presents insufficient, since March the prices always decline slightly every week, and especially since late March, the market price of antimony ingot drops rapidly. Due to this restriction, downstream market has a strong wait-and-see sentiment, and deals in the antimony ingot market remain weak this week. Given the relatively weak demand in the end market, the trader predicts that prices for Chinese antimony ingot 99.85%min would remain weak generally in the following week.
The trader, based on a regular monthly trading volume of 200t of antimony ingot 99.85%min, saw an output of 2,000t or so in 2022. They expect to sell around 200t in March, compared to about 300t in February, and hold about 300t of stocks for the moment, while the inventory reached about 500t in the previous month.
"At present, we do not offer actively for antimony ingot 99.85%min, and have not received any inquiry this week. Due to the overall weakness of the prices, most consumers tend to take a wait-and-see attitude, and the market procurement becomes inactive. We concluded no deal this week, and last sold 64t at RMB84,000/t (USD12,200/t) in early March, while most consumers do not even consider accepting the purchase price of RMB82,000/t (USD11,910/t) this week", a producer in South China mentioned. The producer added that currently the prices show generally weak, the market has a strong wait-and-see sentiment, market procurement is not active, and consumers only make purchases upon orders. Given the current inactive market procurement, the producer expects that prices for Chinese antimony ingot 99.85%min would keep relatively stable in general in the upcoming week.
With an annual production capacity of 8,000t of antimony ingot 99.85%min, the producer produced 3,000t in 2022. They expect to produce about 200t in March, on par with last month, and hold the inventory of about 200t in hand at the moment, compared with about 300t last month.
A trader in South China noted, "Currently we have no active offer for antimony ingot 99.85%min, and most customers' target purchase prices reduce to RMB81,000/t (USD11,765/t) EXW D/P. We currently do not consider selling at the current price, but it is difficult to sell at a price higher than RMB82,000/t (USD11,910/t). We closed no deal in the past week, and last sold 20t at RMB84,500/t (USD12,273/t) a week ago". The trader added that the current market confidence presents insufficient, since March the prices always decline slightly every week, and especially since late March, the market price of antimony ingot drops rapidly. Due to this restriction, downstream market has a strong wait-and-see sentiment, and deals in the antimony ingot market remain weak this week. Given the relatively weak demand in the end market, the trader predicts that prices for Chinese antimony ingot 99.85%min would remain weak generally in the following week.
The trader, based on a regular monthly trading volume of 200t of antimony ingot 99.85%min, saw an output of 2,000t or so in 2022. They expect to sell around 200t in March, compared to about 300t in February, and hold about 300t of stocks for the moment, while the inventory reached about 500t in the previous month.
"At present, we do not offer actively for antimony ingot 99.85%min, and have not received any inquiry this week. Due to the overall weakness of the prices, most consumers tend to take a wait-and-see attitude, and the market procurement becomes inactive. We concluded no deal this week, and last sold 64t at RMB84,000/t (USD12,200/t) in early March, while most consumers do not even consider accepting the purchase price of RMB82,000/t (USD11,910/t) this week", a producer in South China mentioned. The producer added that currently the prices show generally weak, the market has a strong wait-and-see sentiment, market procurement is not active, and consumers only make purchases upon orders. Given the current inactive market procurement, the producer expects that prices for Chinese antimony ingot 99.85%min would keep relatively stable in general in the upcoming week.
With an annual production capacity of 8,000t of antimony ingot 99.85%min, the producer produced 3,000t in 2022. They expect to produce about 200t in March, on par with last month, and hold the inventory of about 200t in hand at the moment, compared with about 300t last month.
