Prices Up Slightly
BEIJING (Asian Metal) 31 May 18 – At the time being, the prevailing prices of antimony ingot 99.65% min in the North American market [are staying] in a range of USD 3.65 – 3.75/lb in a Baltimore warehouse, up by USD 0.05/lb from last week due to climbing export prices of Chinese ones. The spot market witnesses stable demand, and thus it is anticipated that the prices of the material might hold firm in the coming week.
“Our supplier quotes antimony ingot 99.65% min at USD 3.70/lb in a Baltimore warehouse and doesn’t accept to sell at prices lower than USD 3.65/lb at present, up by USD 0.05/lb from one week ago for rising export prices of Chinese ones,” said a consumer in the Northern American market, who didn’t buy material over the past week. Their last purchase was with the volume of 20t at USD 3.60/lb one week ago. The source predicted that North American antimony ingot 99.65% min prices might stand firm next week.
The consumer, with a regular consumption of 360tpy, expects to use 30t in May, same as last month, holding 30t of stocks at the moment.
A North American trader offers antimony ingot 99.65% min at USD 3.75/lb in a Baltimore warehouse and refuses to sell at prices below USD 3.70/lb at present, witnessing an uplift of USD 0.05/lb from one week ago due to increasing export prices of Chinese ones. Early this week, they sold around 10t of the material at about USD 3.70/lb in a Baltimore warehouse. The trader added that stable demand is seen in the spot market They expected North American antimony ingot 99.65% min prices might keep firm in the forthcoming days.
The trader, with a regular trading volume of 40tpm, would sell 30t in May 2018, basically stable from last month, holding 40t of stocks at the moment.
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This article was retrieved from AsianMetal.com