China’s Antimony Concentrate Imports Rise in May

Beijing, 28 June (Argus) — China’s antimony concentrate imports rose from a year and month earlier in May as Tajikistan and Australia resumed shipments.

Shipments have recovered since April following declines over the first three months of this year caused by production and logistical issues during the Covid-19 pandemic in many supplier countries.

China imported 5,060t of antimony concentrate in May, up by 5.48pc from 4,797t in April and by 71.06pc from 2,958t in May 2020. Imports totalled 17,822t during January-May, down by 18.8pc from 21,947t in the same period of 2020.

Tight ore availability has forced many smelters in China’s major production hub of Hunan province to cut or suspend output since the beginning of 2021. Depleting domestic antimony resources and higher concentrate feedstock costs continue to prevent smelters from operating at full run rates and have prompted metal producers in June to withhold material from sales because of thin profit margins.

Export prices for antimony metal moved up to $9,500-9,800/t fob on 24 June from $9,400-9,700/t fob on 22 June, in line with higher prices in the domestic market, although demand from the seaborne market remained slow, according to several export firms.

Article Retrieved from: Argus Metals

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