Monthly Antimony Market Report May 2024
2024-06-13 17:26:48 【Print】
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1 Market Highlights
Prices for antimony products rose rapidly in the Chinese market in May, when the domestic spot market saw tight supply as domestic producers kept low operating rates owing to the slowdown of imports of antimony ores from Russia and the fact that some provinces and cities in China were still in environmental inspections. Given insufficient supply for raw material, suppliers of antimony products showed strong intention to hold back from selling. As prices for raw material increased, prices for antimony trioxide and other downstream products rose rapidly by as high as RMB40,000/t (USD5,516/t) in the domestic market during the month.
Driven by the increase of prices in the domestic market, the international market of antimony products also witnessed rapid increase of prices in May. As suppliers were bullish about the market outlook and the spot supply was limited, prices of antimony products increased quickly in the international market. However, demand in the European and American markets stayed soft and most Japanese and South Korean buyers just refilled stocks based on orders. Generally speaking, the international market of antimony products saw strong wait-and-see sentiments and cautious attitude towards purchasing.
Prices for antimony products rose rapidly in the Chinese market in May, when the domestic spot market saw tight supply as domestic producers kept low operating rates owing to the slowdown of imports of antimony ores from Russia and the fact that some provinces and cities in China were still in environmental inspections. Given insufficient supply for raw material, suppliers of antimony products showed strong intention to hold back from selling. As prices for raw material increased, prices for antimony trioxide and other downstream products rose rapidly by as high as RMB40,000/t (USD5,516/t) in the domestic market during the month.
Driven by the increase of prices in the domestic market, the international market of antimony products also witnessed rapid increase of prices in May. As suppliers were bullish about the market outlook and the spot supply was limited, prices of antimony products increased quickly in the international market. However, demand in the European and American markets stayed soft and most Japanese and South Korean buyers just refilled stocks based on orders. Generally speaking, the international market of antimony products saw strong wait-and-see sentiments and cautious attitude towards purchasing.
