Chinese antimony ingot prices keep firm
2024-03-18 08:28:49 [Print]
BEIJING (Asian Metal) 18 Mar 24 - As supply keep tight, most suppliers hold strong intentions to keep their prices firm. Currently, the mainstream prices of Chinese antimony ingot 99.85%min stand at RMB89,000-90,000/t (USD12,368-12,507/t) EXW D/P, stable from early last week. Considering that most suppliers prefer to keep their prices stable, insiders predict that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
A producer in Guangxi disclosed, "We quote antimony ingot 99.85%min at RMB89,500/t (USD12,438/t) EXW D/P now and could accept to sell at RMB89,000/t (USD12,368/t) for firm bids. We last sold about 30t at RMB89,000/t (USD12,368/t) early last week". The producer added that they failed to sell any materials at prices above RMB89,500/t (USD12,438/t) since early this week and some consumers prefer to purchase at below RMB89,000/t (USD12,368/t) or just hold watchful attitudes. While supply of raw materials keep limited and cost keep firm, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer didn't produce any products this month, compared to about 400t last month, and hold no stock for the time being, compared to about 200t last month. They produced about 4,000t in 2023.
Another producer in Guangxi mentioned that they last sold about 30t of antimony ingot 99.85%min at RMB89,000/t (USD12,368/t) EXW D/P one week ago and now they don't want to sell at lower prices, while they failed to sell as some consumers prefer to purchase at RMB88,500/t(USD12,299/t). The producer added, "We have no intentions to sell at RMB88,500/t (USD12,299/t) as cost of raw materials keep firm and supply of raw materials keep tight". Although most consumers hold watchful attitudes, supported by firm cost of raw materials, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
On basis of an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,000t in 2023. The output in February would reach around 400t, unchanged from last month. They hold no stock at the moment, the same with last month.
A producer in Guangxi disclosed, "We quote antimony ingot 99.85%min at RMB89,500/t (USD12,438/t) EXW D/P now and could accept to sell at RMB89,000/t (USD12,368/t) for firm bids. We last sold about 30t at RMB89,000/t (USD12,368/t) early last week". The producer added that they failed to sell any materials at prices above RMB89,500/t (USD12,438/t) since early this week and some consumers prefer to purchase at below RMB89,000/t (USD12,368/t) or just hold watchful attitudes. While supply of raw materials keep limited and cost keep firm, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer didn't produce any products this month, compared to about 400t last month, and hold no stock for the time being, compared to about 200t last month. They produced about 4,000t in 2023.
Another producer in Guangxi mentioned that they last sold about 30t of antimony ingot 99.85%min at RMB89,000/t (USD12,368/t) EXW D/P one week ago and now they don't want to sell at lower prices, while they failed to sell as some consumers prefer to purchase at RMB88,500/t(USD12,299/t). The producer added, "We have no intentions to sell at RMB88,500/t (USD12,299/t) as cost of raw materials keep firm and supply of raw materials keep tight". Although most consumers hold watchful attitudes, supported by firm cost of raw materials, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
On basis of an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer produced about 3,000t in 2023. The output in February would reach around 400t, unchanged from last month. They hold no stock at the moment, the same with last month.
