BEIJING 16 Mar 18 – Currently, VAT included EXW respectively, both basically unchanged from last week. Consumers have successively completed purchase plan after the Spring Festival; therefore the market sees few intentions of purchasing and slow movement. Insider predicts that Chinese antimony ingot market might show a stable-to-down trend in the coming days.
An antimony ingot producer in South China stated, “The market sees quiet transactions, but as we just finished the equipment maintenance and resumed production last week, we have no many stocks on hand and are in no hurry to sell.” He holds prices for antimony ingot 99.65%min (low bismuth) at RMB52,000/t (USD8,212/t) now, unchanged from last week. They sold antimony ingot 99.65%min (low bismuth) of around 30t at RMB52,000/t (USD8,212/t) early this week, and hold a watchful attitude towards the market.
With an Annual capacity for antimony ingot of 2,500t, they expect an output of around 150t in March and had no output in February owing to the production halt during the Spring Festival holiday, holding stocks of no more than 200t.
Another antimony ingot producer in South China holds prices for antimony ingot 99.85%min at RMB53,500/t (USD8,449/t) now, unchanged from last week. “We sold antimony ingot 99.85%min of around 20t at RMB53,500/t (USD8,449/t) last week,” said the producer. In his opinion, the market is in stalemate now, but the supply of raw material is still tight; therefore prices for antimony ingot would only fluctuate slightly.
With annual capacity for antimony ingot of 5,000/t, they expect an output of around 300t in March and had little output in February owing to the production halt for equipment maintenance, holding stocks around 300t.
This article was retrieved from AsianMetal.com.
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