BEIJING (Asian Metal) 4 Apr 18 – Currently, mainstream transaction prices for Chinese antimony ingot 99.85%min stand at RMB52,000-53,000/t (USD8,270-8,429/t) Inc-VAT EXW, basically unchanged from last week. Most market participants hold [a] strong watchful attitude and spot market sees inactive participation from both suppliers and buyers. Insider predicts that Chinese antimony ingot market might continue to see slow movement in the coming days.

An antimony ingot producer in South China holds prices for antimony ingot 99.85%min at RMB52,000/t (USD8,429/t) now, unchanged from late last week. “We have limited stocks, so we take orders cautiously,” said the producer, adding that they sold the material of around 30t at the same price last week. He holds a cautious watchful attitude towards the market.

With an annual capacity for antimony ingot of 5,000t, they have suspended production affected by the environmental inspection. They produced no more than 150t in March and hold stocks of about 200t.

Another antimony ingot producer in South China holds prices for antimony ingot 99.85%min at RMB52,500/t (USD8,350/t) at present, unchanged from late last week. “The market moves slowly now, but we have no intention of underselling owning to the production costs,” said the producer, noting that they sold the material of around 50t at the same price last week. He predicts that antimony ingot prices might stay stable.

With an annual capacity of antinomy ingot of 5,000t, they produced around 150t in March and expect the same output in April, holding stocks of around 200t now.

This article was retrieved from AsianMetal.com.

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