Chinese Antimony Ingot Sees Quiet Transactions

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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Chinese Antimony Ingot Prices Up Slightly and Steadily

BEIJING (Asian Metal) 9 March 18 – Mainstream transaction prices for antimony ingot 99.65%min (low bismuth) and 99.85%min stand at RMB51,500-52,500/t (USD8,113-8,271/t) and RMB52,500-53,500/t (USD8,271-8,428/t) EXW VAT included respectively at present, both up by about RMB500/t (USD78.77/t) from late last week. The spot market is digesting the increased prices and waiting for more deals, and the market players expect Chinese antimony ingot market would run firmly in the coming days.   

A producer in South China explained the lowest price they are able to accept for antimony ingot 99.85%min stands at RMB53,000/t (USD8,349/t) now, up by about RMB500/t (USD78.77/t) from last week. “We sold about 30t of the material at RMB52,500/t (USD8,271/t) last week,” the producer said, believing that the market is digesting the increased prices, and is expected to run firmly in the future.

With an annual capacity of 4,000t for antimony ingot, the producer expects to produce about 200t of the material in March, and produced none of the material in February affected by the maintenance during the Spring Festival, holding about 300t of stocks now.

Another producer in South China noted, “Our lowest prices for antimony ingot 99.85%min rises to RMB53,000/t (USD8,349/t) early this week, believing that the spot market saw limited supply and prices for the material would increase in the future.

With an annual capacity of 7,200t for antimony ingot, the producer expects to produce about 400t of the material in March, and produced about 300t in February, holding about 400t of stocks now.

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This article was retrieved from AsianMetal.com