Chinese Antimony Ingot Price Down

Slow Antimony Market

BEIJING (Asian Metal) 26 Feb 19 – Mainstream prices for Chinese antimony ingot 99.85% min go down by RMB 500/t (USD 74.85/t) from last week to RMB 47,800 – 48,800/t (USD 7,156 – 7,305/t) EXW D/P currently. As the demand remains weak and inventory of antimony concentrate ore stays at a high level, the prices of antimony ingot begin to decrease. Insiders believe that prices for Chinese antimony ingot 99.85% min would continue to decrease in the coming week.

A producer from Guangxi said, we quote RMB 48,500/t (USD 7,260/t) EXW D/P for antimony ingot 99.85% min at present and can sell at RMB 48,000/t (USD 7,186/t) for firm bids, down by RMB 500/t (USD 73.79/t) from one week ago.” Their last deal was concluded at RMB 48,300/t (USD 7,231/t) for 40t last Thursday. As the market demand is weak, they have to reduce their output by 25% from last month. The source believes that prices for Chinese antimony ingot 99.85% min would continue to decrease by RMB 500/t (USD 74.85/t) in the coming week.

With an annual production capacity of 6,000/t for antimony ingot, they produced 400t in January and expect 300t in February. Due to the Spring Festival holiday, holding 150t of stocks for the time being.

“One of our suppliers quotes RMB 48,000/t (USD 186/t) EXW D/P for antimony ingot 99.85% min currently and can’t accept any prices lower RMB 47,800/t (USD 7,155/t) from a regular supplier,” a producer in Hunan said. They think that the price for antimony ingot will decrease continuously as antimony concentrate ore’s stock stay at a high level currently. They have no plan to purchase antimony ingot until in the middle of March. Therefore, the source believes that prices for Chinese antimony ingot 99.85% min would continue to decrease by RMB 500.t (USD 74.85/t) in the coming week.

With an annual consumption capacity of 4,000t for antimony ingot, they consumed 300t of the material in January and expect 200t in February due to the Spring Festival holiday, holding 200t of stocks for the time being.

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This article was retrieved from Asian Metals.