Monthly Antimony Market Report Jan 2024
2024-02-07 16:54:42 【Print】
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1. Market Highlights
The Chinese antimony product market saw further increase of prices in January 2024. Owing to limited supply for raw material in the spot market at the year-end, most domestic antimony product suppliers held back from selling and had strong intention to keep their prices firm in spite of limited spot deals. With the approaching of the year-end, antimony product producers held limited stocks in hand and most of them temporarily stopped from making quotations, resulting in few deals in the market. Prices for antimony products stood at high levels in the domestic market during this month overall as downstream consumers started purchasing cautiously. Specifically speaking, the average price for Chinese antimony ingot further rose substantially in January and antimony trioxide suppliers accordingly raised their prices supported by high production costs, but the terminal market only saw limited deals with strong wait-and-see sentiments. The European and American antimony ingot markets also saw further increase of prices in January as international suppliers held back from selling and kept their prices firm supported by inadequate supply in the spot market. Demand in the international antimony market didn't increase obviously during the month as most consumers only kept purchasing base on orders with a cautious attitude about refilling stocks. In addition, China's import for antimony concentrate was limited in January when overseas miners' output for the material declined MoM as a result of the unfavorable climate.
The Chinese antimony product market saw further increase of prices in January 2024. Owing to limited supply for raw material in the spot market at the year-end, most domestic antimony product suppliers held back from selling and had strong intention to keep their prices firm in spite of limited spot deals. With the approaching of the year-end, antimony product producers held limited stocks in hand and most of them temporarily stopped from making quotations, resulting in few deals in the market. Prices for antimony products stood at high levels in the domestic market during this month overall as downstream consumers started purchasing cautiously. Specifically speaking, the average price for Chinese antimony ingot further rose substantially in January and antimony trioxide suppliers accordingly raised their prices supported by high production costs, but the terminal market only saw limited deals with strong wait-and-see sentiments. The European and American antimony ingot markets also saw further increase of prices in January as international suppliers held back from selling and kept their prices firm supported by inadequate supply in the spot market. Demand in the international antimony market didn't increase obviously during the month as most consumers only kept purchasing base on orders with a cautious attitude about refilling stocks. In addition, China's import for antimony concentrate was limited in January when overseas miners' output for the material declined MoM as a result of the unfavorable climate.
