BEIJING (Asian Metal) 5 Jan 18 – Mainstream transaction prices for Chinese antimony ingot (low-bismuth) 99.65%min and 99.85%min are RMB50,500-51,500/t (USD7,791-7,946/t) and RMB51,500-52,000/t (USD7,946-8,100/t) EXW VAT included respectively at present, both almost unchanged from those before the New Year. Insiders mainly held a watchful attitude in the first week of 2018, leading to scarce transactions in the spot market. Market players expected transaction prices for Chinese antimony ingot would keep stable in the coming days.
A producer in South China explained they are offering RMB52,000/t (USD8,023/t) for antimony ingot 99.85%min, unchanged from that before the New Year. “We mainly held a watchful attitude in the first week of 2018 and were not in a hurry to trade in the spot market,” the producer said. They sold less than 20t of antimony ingot 99.85%min at RMB51,000/t (USD7,946/t) before the holiday and held a watchful and cautious attitude towards the market outlook.
With an annual capacity of 3,000t of antimony ingot, the producer expects to produce about 200t in January, and produced about 260t in last December as they rushed to delivery earlier orders, holding about 200t of stocks now.
A trader in South China noted, “The current market moves weekly in both supply and demand sides, resulting in a little trade possibility, and we watched the market for the time being. “They are offering RMB51,500/t (USD7,946/t) for antimony ingot (low-bismuth) 99.65%min, basically unchanged from that before the New Year. They last sold about 10t of the material at RMB52,000/t (USD8,023/t) in mid-December 2017. The antimony ingot market is expected to move in balance in the future.
Typically selling about 100tpm of antimony ingot, the company sold about 60t in last December and has yet to close deals so far in January. They are holding about 50t of stocks now.
Article retrieved from: AsianMetal.com
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