Antimony Export Prices Remain Stable
BEIJING (Asian Metal) 21 Nov 18 – Mainstream export prices for antimony ingot 99.65% min stay at USD 7,800-8,000/t FOB China currently, on a par with late last week. On account of soft demand in the spot market and firm prices of raw material for antimony ingot, it is anticipated that the export process for antimony ingot would stay flat in the coming week.
A trader in Guangxi quotes antimony ingot 99.65% min at USD 8,100/t FOB China at present, with no fluctuation from last week. “We last concluded 20t of antimony ingot 99.65% min at USD 7,800/t FOB China late last week,” the source disclosed, “No deals have been done this week up to now, for customers merely offered prices above USD 7,650/t FOB China, while we could not accept any prices below USD 7,800/t FOB China.” Though their trading volume in November might be decreased by 30% from 800t in October dragged by the weak demand in the spot market, the source predicts that export prices for antimony ingot 99.65% min would stay flat in the following week due to the stable prices of antimony concentrate.
The trader, with a regular monthly trading volume of 800t, hold 2,000t of stocks now.
A trader in Guizhou quotes antimony ingot 99.65% min at USD 8,000/t FOB China, in line with last week. “We last concluded 40t of antimony ingot 99.65% min at USD 8,100/t FOB China in late October,” the source narrated, “Though we decreased prices by USD 100/t from last month, we made no deals so far in November, in that our customers wanted to make us at least USD 200/t of concessions, which is not acceptable for us.” Since the quotation is already close to their cost price, the source assumes that export prices for antimony ingot might stay firm in the coming week.
Having a regular monthly trading volume of 40t, the trader holds 500t of stocks currently, 98% of which would be processed into antimony trioxide in their own plant.
This article was retrieved from Argus Metals.