Antimony ingot market sees lower prices
2013-06-19 09:38:20 [Print]
BEIJING (Asian Metal) 19 Jun 13 - Antimony ingot price decreased by RMB1,000/t (USD163/t) to RMB62,000-64,000/t (USD10,131-10,458/t) ex works and RMB52,000-54,000/t (USD8,497-8,824/t) VAT excluded for antimony ingot 99.65%min as buying activity was thin and some suppliers could not bear the capital turnover or stock pressures in the previous days.
A Hunan-based producer with an output of about 300tpm told Asian Metal that he has been out of production since early June and has not resumed production till now. “We are consuming the stock,” said the source, adding an offer at about RMB63,000/t (USD10,294/t) ex works and RMB54,000/t (USD8,824/t) VAT excluded for antimony ingot 99.65%min now, down by RMB1,000/t (USD163/t) from that before the Dragon Boat Festival (10-12th June).
The source reported that the buying activity for VAT excluded antimony ingot decreased dramatically in the past months as demand from overseas market shrunk sharply.
Another Hunan-based antimony ingot producer with an output of about 500tpm revealed that the mainstream offer for antimony ingot 99.65%min is around RMB52,500-54,000/t (USD8,578-8,824/t) VAT excluded and RMB63,000-64,000/t (USD10,294-10,458/t) ex works in Hunan. “However, owing to thin buying activity in the spot market, part of suppliers accept prices below RMB63,000/t (USD10,294/t) ex works for antimony ingot 99.65%min,” said the source.
The source claimed that most producers have stock or capital turnover pressure, and the demand is weak, so the spot market is quiet.
A Hunan-based producer with an output of about 300tpm told Asian Metal that he has been out of production since early June and has not resumed production till now. “We are consuming the stock,” said the source, adding an offer at about RMB63,000/t (USD10,294/t) ex works and RMB54,000/t (USD8,824/t) VAT excluded for antimony ingot 99.65%min now, down by RMB1,000/t (USD163/t) from that before the Dragon Boat Festival (10-12th June).
The source reported that the buying activity for VAT excluded antimony ingot decreased dramatically in the past months as demand from overseas market shrunk sharply.
Another Hunan-based antimony ingot producer with an output of about 500tpm revealed that the mainstream offer for antimony ingot 99.65%min is around RMB52,500-54,000/t (USD8,578-8,824/t) VAT excluded and RMB63,000-64,000/t (USD10,294-10,458/t) ex works in Hunan. “However, owing to thin buying activity in the spot market, part of suppliers accept prices below RMB63,000/t (USD10,294/t) ex works for antimony ingot 99.65%min,” said the source.
The source claimed that most producers have stock or capital turnover pressure, and the demand is weak, so the spot market is quiet.
Antimony Ingot 99.65%min FOB China
Unit:USD/mt
China antimony ingot producers' operating rate statistics by province by month
Unit: %
