BEIJING (Asian Metal) 22 May 18 – At present, the dominating prices for Chinese antimony ingot 99.85% min kept at RMB 50,500 – 51,500/t (USD 7,953 – 8,110/t) EXW Inc-VAT, stable form one week ago supported by firm purchasing costs and a tight supply of raw material antimony concentrates. Suppliers would rather hold back from selling than promote the material at low prices. Market insiders expected that Chinese antimony ingot market might stand steady in the following days.
“Our supplier holds antimony ingot 99.85% min prices to the level not lower than RMB 51,500/t (USD 8,110/t) EXW Inc-VAT now, unchanged from one week ago,” said a trader in South China, who mentioned suppliers hold back from selling on the context of high production costs and lower operating rates for stricter environmental regulation. Early this week, they sold 20t at RMB 51,500/t (USD 8,110/t) EXW Inc-VAT. They predicted that Chinese antimony ingot 99.85% min market prices might keep stable in the coming week.
The trader, with a trading volume of 80-0 tpm for antimony ingot, would use 600t in May, same as April, holding 1,500t of stocks for the time being.
An antimony ingot 99.85% min producer in South China now quotes RMB 51,500/t (USD 8,110/t) EXW Inc-VAT and does not accept to sell at prices below RMB 51,500/t (USD 8,031/t) EXW, on a par with last week affected by high purchasing costs and a limited supply of antimony concentrates. They are unwilling to promote the material at low prices and merely sold 40t to a regular consumer at RMB 51,000/t (USD 8,031/t) EXW Inc-VAT in late May. It is predicted that Chinese antimony ingot 99.85% min market prices might hold steady next week.
With a capacity of 4,000 tpy for antimony ingot, they would take about 300t in May, same as April, holding 200t of stocks at the moment.
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This article was retrieved from AsianMetal.com