Prices Drop Marginally

BEIJING (Asian Metal) 3 Aug 18 – . Whereas, considering high purchasing costs and short supply of antimony concentrates, firm environmental costs along with reduced operating rates, it is supposed that domestic antimony ingot prices might remain flat in the coming week.

“Now suppliers of antimony ingot 99.85% min with good quality quote RMB 51,000/t (USD 7,461/t) Inc – VAT EXW for around 100t and we could make a counteroffer of RMB 200/t (USD 29/t) to RMB 50,800/t (USD 7,437/t), seeing a decrease of RMB 50,500/t (USD 7,394/t) from early last week due to slow demand and some suppliers’ poor confidence in the market,” said a consumer in South China, who added that one supplier offers the material around RMB 50,500/t (USD 7,347/t)  Inc – VAT EXW. However, taking account of high purchasing costs and limited supply of antimony concentrates, declined operating rates and stable firm production costs on the background of continuously environmental inspection, they expected that antimony ingot prices would keep steady next week.

The consumer, with a consumption capacity of 3,000 tpy for antimony ingots, would use 200t in July, same as last month, holding around 300t of stocks now.

Two days ago, a consumer of antimony ingot 99.65% min made a counteroffer of RMB 300/t (USD 44/t) to RMB 50,000/t (USD 7,321/t) Inc – VAT EXW for about 60t and we needed to recoup money and thus accepted it, down by RMB 200/t (USD 29/t) from the prices sold early last week. “We now quote the material about RMB 50,500/t (USD 7,394/t) Inc – VAT EXW for around 60t and refuse to sell at prices below RMB 50,000/t (USD 7,321/t), witnessing a decline of RMB 200/t (USD 29/t) from one week ago. Nevertheless, as a reaction to firm purchasing costs of raw material antimony concentrates and reduced supply, the source supposed that antimony ingot 99.65% min prices would stay stable in the forthcoming week.

With an annual capacity of 6,000t for antimony ingots, they would produce 200t in July, down by 100t from June for a shortage of antimony concentrates, holding almost no stock currently.

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This article was retrieved from AsianMetal.com