Chinese ethylene glycol antimony prices down
2023-03-29 11:50:35 [Print]
BEIJING (Asian Metal) 29 Mar 23 - Restricted by the decrease of antimony trioxide prices and soft demand in the polyester and chemical fiber markets, end users are inactive in purchasing ethylene glycol antimony and suppliers have to make small concessions in prices to boost sales. Mainstream prices of Chinese ethylene glycol antimony 57%min stand at RMB59,000-60,000/t (USD8,569-8,713/t) delivered D/A 60 days currently, down by around RMB1,000/t (USD145/t) from late last week. As demand in the market is sluggish and suppliers could make small concessions in prices to boost sales, insiders predict that mainstream prices of Chinese ethylene glycol antimony 57%min would go down further in the coming week.
A producer in South China said, "We now quote RMB60,000/t (USD8,714/t) delivered D/A 60 days for ethylene glycol antimony 57%min and could give a discount of RMB500/t (USD72.62/t) for firm orders, but with no deals concluded so far this week owing to the strong wait-and-see sentiments in the market. We still refused to accept any prices lower than RMB60,000/t (USD8,714/t) last week when we didn't conclude any deals either." The producer could sell about 100t of the material per week in normal condition, but didn't conclude any deals in the recent two weeks and even didn't receive any enquiries by now this week against the backdrop of inactive deals in the market caused by the fact that consumers only waited on the sidelines. Restricted by soft demand in the terminal market, they expect to produce only 300t or so this month, but their monthly output could reach more than 400t in normal condition. Given soft demand in the spot market and lower prices of raw material, the producer predicts that mainstream prices of Chinese ethylene glycol antimony 57%min would go down further in the coming week.
With an annual production capacity of 6,000t of ethylene glycol antimony 57%min, the producer produced about 3,500t of the material in 2022 and expects that the output would be about 300t this month, unchanged MOM. They hold about 100t of stocks at the moment, in line with the same period of last month.
Another producer in South China said, "We now quote RMB59,600/t (USD8,656/t) delivered D/A 60 days for ethylene glycol antimony 57%min and could give the price of RMB59,000/t (USD8,569/t) to regular customers with real intention to refill stocks. We sold 10t of the material at RMB59,000/t (USD8,569/t) early this week and about 10t at RMB60,000/t (USD8,714/t) last week." According to the producer, the domestic ethylene glycol antimony market sees limited deals at present against the backdrop of the decrease of raw material prices. Most of their clients mainly refill stocks from hand to mouth currently. For example, a client only purchased 10t of the material this Monday and the 10t of the material could only be consumed for two weeks by them, but their single purchase volume is more than 20t in normal condition. In light of lower raw material prices and sluggish demand in the market, the producer expects that mainstream prices of Chinese ethylene glycol antimony 57%min would keep declining in the coming week.
With an annual production capacity of 3,000t of ethylene glycol antimony 57%min, the producer totally produced about 2,000t of the material in 2022 and expects that the output would be around 150t this month, steady MOM. They hold no stocks for the time being, unchanged MOM.
A producer in South China said, "We now quote RMB60,000/t (USD8,714/t) delivered D/A 60 days for ethylene glycol antimony 57%min and could give a discount of RMB500/t (USD72.62/t) for firm orders, but with no deals concluded so far this week owing to the strong wait-and-see sentiments in the market. We still refused to accept any prices lower than RMB60,000/t (USD8,714/t) last week when we didn't conclude any deals either." The producer could sell about 100t of the material per week in normal condition, but didn't conclude any deals in the recent two weeks and even didn't receive any enquiries by now this week against the backdrop of inactive deals in the market caused by the fact that consumers only waited on the sidelines. Restricted by soft demand in the terminal market, they expect to produce only 300t or so this month, but their monthly output could reach more than 400t in normal condition. Given soft demand in the spot market and lower prices of raw material, the producer predicts that mainstream prices of Chinese ethylene glycol antimony 57%min would go down further in the coming week.
With an annual production capacity of 6,000t of ethylene glycol antimony 57%min, the producer produced about 3,500t of the material in 2022 and expects that the output would be about 300t this month, unchanged MOM. They hold about 100t of stocks at the moment, in line with the same period of last month.
Another producer in South China said, "We now quote RMB59,600/t (USD8,656/t) delivered D/A 60 days for ethylene glycol antimony 57%min and could give the price of RMB59,000/t (USD8,569/t) to regular customers with real intention to refill stocks. We sold 10t of the material at RMB59,000/t (USD8,569/t) early this week and about 10t at RMB60,000/t (USD8,714/t) last week." According to the producer, the domestic ethylene glycol antimony market sees limited deals at present against the backdrop of the decrease of raw material prices. Most of their clients mainly refill stocks from hand to mouth currently. For example, a client only purchased 10t of the material this Monday and the 10t of the material could only be consumed for two weeks by them, but their single purchase volume is more than 20t in normal condition. In light of lower raw material prices and sluggish demand in the market, the producer expects that mainstream prices of Chinese ethylene glycol antimony 57%min would keep declining in the coming week.
With an annual production capacity of 3,000t of ethylene glycol antimony 57%min, the producer totally produced about 2,000t of the material in 2022 and expects that the output would be around 150t this month, steady MOM. They hold no stocks for the time being, unchanged MOM.
