BEIJING (Asian Metal) 2 July 18 – Current antimony ingot 99.65% min’s mainstream prices in Brazilian market decline to USD 8,150-8,350/t CFR Brazil, witnessing a decrease of USD 150/t from last week affected by subdued demand. Market insiders predict that Brazilian antimony ingot 99.65% min prices might stand stable in the coming days supported by firm production costs.
A trader in Brazil bought around 50t of antimony ingot 99.65% min at USD 8,200/t CFR Brazil at the end of June down by USD 150/t from one week ago and by USD 250/t from three weeks ago as a reaction to slow demand. “We didn’t make purchases of the material from early May and till late June, we thought the prices touched the bottom and thus replenished stocks accordingly,” explained the source. They revealed that current antimony ingot 99.65% min prices in Brazilian market move down to about USD 8,300/t and they could counteroffer of USD 100/t at most, down by USD 150/t last week. The source supposed that antimony ingot 99.65% min prices in Brazilian market might keep flat in the following week.
The trader, with a regular trading volume of 20tpm, sold 10t in June, down by 10t from last month, holding 5t of stocks at present.
“Our suppliers sell antimony ingot 99.65% min at about USD 8,150/t CFR Brazil now, down by USD 150/t from last week due to slack downstream demand,” said a trader in Brazil. They didn’t make purchases of the material over the past three weeks, and their purchase was 10t at USD 8,250/t in the first week of June. The source expected that Brazilian antimony ingot 99.65% min prices might hold steady in the coming week for firm production costs.
The trader, with a regular trading volume of 20tpm, sold 10t in June, unchanged from May, holding 5t of stocks currently.
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This article was retrieved from AsianMetal.com