Antimony exports soften slightly
2005-04-26 09:28:31 【Print】
BEIJING (Asian Metal) 26 Apr 05 - Unlike the comparatively stable domestic market, antimony export prices have seen some signs of softening the past week, market sources reported to Asian Metal today.
“We just sold a batch of antimony ingot for USD2,900/t CIF Singapore,” a Hong Kong-based trader said. “The price has experienced a USD50/t decrease compare to early last week.” According to the source, weak purchasing interest among international consumers is one reason for the price decline.
“In addition, it is said that suppliers from Vietnam quote as low as USD2,800/t FOB,” the source said. "Therefore, it leaves us in an inferior position in such a competitive market.”
The trader also exports antimony trioxide regularly. “A major producer from South China quoted us at USD2,800/t CIF India for high-quality products, and we are sure to get the material at USD2,750/t,” said the source. “However, we haven’t concluded the deal yet.”
According to the source, such a price along with the relatively low bids from foreign buyers leaves the company with only thin profits. The company is now watching the market without concluding any antimony trioxide deals.
The source holds that the antimony deadlock will continue during the next two weeks, along with further declines, but believes that the market will see a turnaround in the second half of May.
A Shenzhen-based trader confirmed the quiet watch of the market. “We haven’t conclude any deals related to antimony due to high-held domestic supplying prices and lower export prices,” said the source, adding that the company has some stock at present. “We will keep a close eye on the market in the coming weeks,” the source added.
According to the source, the latest concluded deals for antimony ingot was over USD2,950/t FOB more than one week ago. The company receives only a few inquiries at present.
The source claimed that the export price is softening. However, the source holds an optimistic expectation towards the further market trend.
“We just sold a batch of antimony ingot for USD2,900/t CIF Singapore,” a Hong Kong-based trader said. “The price has experienced a USD50/t decrease compare to early last week.” According to the source, weak purchasing interest among international consumers is one reason for the price decline.
“In addition, it is said that suppliers from Vietnam quote as low as USD2,800/t FOB,” the source said. "Therefore, it leaves us in an inferior position in such a competitive market.”
The trader also exports antimony trioxide regularly. “A major producer from South China quoted us at USD2,800/t CIF India for high-quality products, and we are sure to get the material at USD2,750/t,” said the source. “However, we haven’t concluded the deal yet.”
According to the source, such a price along with the relatively low bids from foreign buyers leaves the company with only thin profits. The company is now watching the market without concluding any antimony trioxide deals.
The source holds that the antimony deadlock will continue during the next two weeks, along with further declines, but believes that the market will see a turnaround in the second half of May.
A Shenzhen-based trader confirmed the quiet watch of the market. “We haven’t conclude any deals related to antimony due to high-held domestic supplying prices and lower export prices,” said the source, adding that the company has some stock at present. “We will keep a close eye on the market in the coming weeks,” the source added.
According to the source, the latest concluded deals for antimony ingot was over USD2,950/t FOB more than one week ago. The company receives only a few inquiries at present.
The source claimed that the export price is softening. However, the source holds an optimistic expectation towards the further market trend.
