Virus Hitting Metal Exports, China Trade Council Warns

Beijing, 19 February (Argus) —

China’s exports of metallurgical products have been affected by the coronavirus outbreak. With shipments halted to some customers and others requesting a suspension of deliveries, said by the China council for the promotion of international trade (CCPIT).

Some customers outside of China in Turkey, the Middle East, North Africa, Russia and elsewhere have stopped receiving metal exports from Chinese companies or asked for suspensions.

Some Indian customers are requiring their Chinese suppliers to pay liquidation damages, as they say Chinese companies are unable to make deliveries in time because of traffic disruptions resulting from the coronavirus crisis.

Many buyers outside of China are hesitant to place orders because delivery dates are uncertain and local customs agencies are likely to restrict Chinese goods because of said concerns that the coronavirus could develop into an epidemic.

The customs declaration process has also been slowed by the lunar new year holidays, which the Chinese government extended in an attempt to contain the spread of the coronavirus. This has delayed deliveries under many deals that were concluded around the holiday period.

Ports have resumed operations in the past few weeks, but efficiencies have been hit by the health crisis, which has affected delivery dates. Many overseas ports are likely to strictly control the berthing of ships from China, which could lead to prolonged berthing times and complicated procedures if the coronavirus outbreak worsens. All these factors could raise freight costs sharply, the council warned.

A lot of contracts that are under bids or inquiries, as well as face-to-face technical and business exchanges, have been interrupted. The CCPIT noted that March is the final month of India’s fiscal year and a time at which companies typically make purchasing plans for the upcoming 12 months. This means Chinese companies are likely to suffer heavy losses.

The council is calling on the government to take measures to help exporters overcome difficulties during this epidemic.

Chinese export prices for some metals including antimony, manganese, and tungsten have risen in the past couple of weeks in response to lower supplies caused by production cuts during the virus outbreak. Higher freight costs and shipment delays could also underpin short-term upside in prices.

Apple warned yesterday it expects the impact of the coronavirus outbreak in China to prevent it from meeting its revenue guidance and limit availability and consumption of some minor metals

For More Information on Antimony Products 

St. Louis Group offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.

This article was retrieved from Argus Metals

 

St. Louis Group Exhibiting at the 2020 American Coatings Show Held in Indianapolis

The Show will be held from March 31-April 2, 2020, at the Indiana Convention Center in Indianapolis. Coatings & Adhesives raw materials, as well as other additives, will be showcased at ACS 2020. Exhibitors and attendees alike see the American Coatings Show and Conference as the leading North American industry event, setting trends for future developments in the industry. Offering immediate business opportunities, a complete portfolio of high-grade competitive products, and access to top coatings decisionmakers, the 2020 show is a must- attend event. More than 600 exhibitors are expected to attend the event. The show will offer attendees valuable insight into the industry’s innovative advancements. The Conference will feature over 100 technical papers and posters from paint companies, raw material suppliers, academia, and governmental laboratories. The organizers are certain that this will attract about 10,000 attendees, turning the ACS into the largest scientific gathering in the coating’s world.

The show comes during a continued growth period for the coatings industry. As the United States continues to recover from the housing market collapse in 2007, the paint and coatings market is expected to grow in tandem with the construction sector, with increases in both volume and value. On the OEM side, the combination of strong domestic demand and improved export opportunities resulting from the fall of the value of the dollar, will fuel demand for increased U.S. durable goods and industrial coatings.

The show will also feature a fun run on April 2, 2020, at 7:00am, with the actual race starting at 7:15am. The proceeds from this event fund student participation in future American Coatings Conferences.

Stay tuned for more news regarding conferences and shows in the industry.

For more information on the American Coatings Show coming up at the end of March please visit the American Coatings Show page.

Articles Retrieved from american-coatings-show.com

Supply Cuts To Support China’s Metals Markets

Beijing, 13 February (Argus) —

Prices for metals and ferro-alloys are expected to hold firm or rise in the coming weeks because of lower Chinese supplies. This is following production cuts and logistics problems caused by the country’s coronavirus outbreak.

Traffic restrictions and quarantine measures imposed by the Chinese government to contain the spread of the coronavirus have forced most metals and alloys plants to shut down or reduce production in the past few weeks.

Although, some smelters have resumed output this week, they are operating at lower than usual run rates because of a lack of workers and tight feedstock costs caused by limited logistics services.

China has put more than 80 cities, including Wuhan, Guangzhou, Shenzhen, Nanjing and Hangzhou under quarantine to limit the inflow and outflow of people. This has delayed millions of workers returning to their factories from their home towns after the lunar new year holiday.

Most smelters are unlikely to resume full run rates until the end of this month or early March because of the shortage of workers and logistics bottlenecks. A potential rise in operating costs at smelters is expected to support prices, as they may have to pay higher wages to recruit new workers or encourage workers to return.

Freight rates have also risen in most regions amid limited logistics services. Providers are struggling to raise capacity because of traffic restrictions.

The coronavirus has killed more than 1,300 and infected nearly 60,000 people in China as of today, according to government figures. New confirmed sources outside of the epicentre Hubei province are falling, with several Chinese medical experts and scientists forecasting the outbreak will hit a peak in March and come under control in April

For More Information on Antimony Products 

St. Louis Group offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.

This article was retrieved from Argus Metals

 

China’s Antimony Exports Rise in 2019

Beijing, 10 February (Argus)

China’s antimony metal exports grew in 2019 as a result of Beijing’s crackdown on unauthorized boarder shipments since 2016.
The country exported 12,704t of the minor metal in 2019, up by 141pc from 5,274t in 2018.
Shipments to South Korea rose by 48pc from a year earlier, to 2,374t in 2019, while supplies to Belgium increased from 475pc to 2,272t. Deliveries to Japan and the Netherlands were 1,908t and 1,504t, up by 77pc respectively.
Exports to India surged by 2,436pc from a year earlier, to 1,015t in 2019. Shipments to France were 1,003t, with no shipments in 2018.
Exports of antimony metal from China declined in December by 4.48pc and from November to 1,259t in December, but grew by 133pc from 540t in December 2018.
China’s legitimate exports have returned to normal since September 2018 as Beijing took measures to curb unauthorized trading. Most Chinese shipments were via illegal boarder trades from Guangxi Province since 2007. This is after Beijing removed a 5pc export rebate in July 2006.
The Chinese government adopted several measures to clamp down on unauthorized trading since 2016. A cargo of 3,000t of metal was seized in August 2018, with 11 participants arrested. China’s Changsha customs at the end of 2019 seized 20t of antimony metal and arrested two traders who had allegedly smuggled the metal

For More Information on Antimony Products 

St. Louis Group offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.

This article was retrieved from Argus Metals

 

China Antimony Imports Fall In 2019

Beijing, 7 February (Argus) —

China’s antimony concentrate imports fell in 2019 because of tighter profit margins at mines and moderate domestic demand.

The country imported 62,689t of antimony concentrate in 2019, down by 29.79pc from 89,287t a year earlier, official customs data show.

Shipments from Tajikistan slipped by 8.9pc from a year earlier to 26,781t in 2019. Deliveries from Russia fell by 49.02pc to 18,971t, while imports from Australia dropped by 12.63pc to 6,995t.

Shipments from Myanmar (Burma) totalled 6,870t, up by 127pc from a year earlier. Imports from Bolivia fell by 11pc to 1,112t. Deliveries from Canada were 1,031t against no imports from the country in 2018.

Argus yesterday assessed prices stable at 35,000-37,000 yuan/t ($5,007-5,293/t) ex-works for 99.65pc metal.  Market participants have opted to observe the coronavirus outbreak situation amid a halt of logistics services. There is potential for a short-term upside in prices in the coming days because of a fall in supplies resulting from output closures amid the coronavirus crisis.

For More Information on Antimony Products 

St. Louis Group offers a variety of antimony products that serve a variety of needs. For more information on our antimony products please visit our Flame Retardants page, or you can always give us a call here at our office by visiting our Contact Us page.

This article was retrieved from Argus Metals