BEIJING (Asian Metal) 29 Nov 17 – Currently, mainstream transaction prices for Chinese antimony ingot 99.65%min hold at RMB51,000-52,000/t and RMB52,000-53,000/t (USD7,874-8,025/t) VAT included EXW respectively, both almost unchanged from late last week. The market is in strong seesaw battle with sluggish deals and market participants predicted that the Chinese antimony ingot prices would be stagnant at current level in the coming few days.

A producer in South China claimed that “We quote RMB52,000/t (USD7,874/t) for antimony ingot 99.85%min at present, unchanged from prices last week.” They sold about 30t of the material last week and claimed that only limited deals are concluded on the market currently, which is in seesaw battle. They are cautious about the future market.

With an annual production capacity of 4,000t of antimony ingot, the

source expected to produce around 240t in November, nearly unchanged from October, and holds around 200t of stocks now.

Another producer in South China claimed that they refuse conclude deals of antimony ingot 99.65%min (low-bismuth) at prices lower thanRMB51,000/t (USD7,798/t) at present, basically unchanged from last week. “Raw material prices are firm currently and the spot deals are limited. Thus, we maintain our offers,” [he said]. They sold about one truck of antimony ingot 99.65%min (low bismuth) last week at the price of RMB51,000/t (USD7,798/t) last week, believing that prices would remain firm at current level in the future market.

With an annual production capacity of 4,000t of antimony ingot, the source plans to produce around 200t in November. They suspend production in October due to environmental inspection, holding stocks of about 200t currently.

 

Article Retrieved from AsianMetal.com