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.
This article was retrieved from AsianMetal.com