Chinese antimony trioxide market sees inactive deals
2023-03-23 11:56:10 [Print]
BEIJING (Asian Metal) 23 Mar 23 - Restricted by decrease of raw material prices and soft demand in the terminal market, Chinese antimony trioxide market sees lower prices on the whole and consumers only refill stocks based on orders. Mainstream prices of Chinese antimony trioxide 99.8%min stand at RMB73,500-74,500/t (USD10,744-10,891/t) delivered D/A 30 days currently, slightly down by about RMB1,000/t (USD146/t) from late last week. Given soft demand in the terminal market, insiders predict that mainstream prices of Chinese antimony trioxide 99.8%min would continue to show a downward trend in the coming week.
A producer in South China said, "Due to inactive deals in the market, we expect to produce less than 200t of antimony trioxide this month, much lower than our monthly output of about 300t in normal condition. We normally could sell as high as about 100t of the material per week, but expect to sell only less than 50t this week as consumers are more inclined to wait on the sidelines owing to the downward price trend." They now quote RMB73,000/t (USD10,671/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB72,500/t (USD10,598/t) to regular customers who have real intention to make replenishments, but with no deals concluded so far this week as most consumers just wait on the sidelines against the backdrop of inactive deals in the market. Given soft demand in the market, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would keep declining in the coming week.
With an annual production capacity of 5,000t of antimony trioxide 99.8%min, the producer totally produced about 3,000t of the material in 2022 and expects that the output would be around 150t this month, steady MOM. They hold no spot stocks at the moment, basically unchanged from last month.
Another producer in South China said, "We now quote RMB74,500/t (USD10,891/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,000/t (USD10,818/t) to regular customers with real intention to refill stocks. We already sold about 20t of the material at RMB74,000/t (USD10,818/t) by now this week and also sold about 30t at RMB75,000/t (USD10,964/t) last week." According to the producer, the domestic antimony trioxide market sees limited deals and weak demand on the whole currently as consumers only keep purchasing based on orders and take a strong wait-and-see attitude restricted by lower prices for raw material. They only sold about 100t of the material by now this week, but could sell about 300t per week in normal condition. In light of weak demand in the market, the producer expects that mainstream prices of Chinese antimony trioxide 99.8%min would continue to go down in the coming week.
With an annual production capacity of 25,000t of antimony trioxide 99.8%min, the producer totally produced about 22,000t of the material in 2022 and expects that the output would be around 2,200t this month, steady MOM. They hold no spot stocks at the moment, basically unchanged from last month.
A producer in South China said, "Due to inactive deals in the market, we expect to produce less than 200t of antimony trioxide this month, much lower than our monthly output of about 300t in normal condition. We normally could sell as high as about 100t of the material per week, but expect to sell only less than 50t this week as consumers are more inclined to wait on the sidelines owing to the downward price trend." They now quote RMB73,000/t (USD10,671/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB72,500/t (USD10,598/t) to regular customers who have real intention to make replenishments, but with no deals concluded so far this week as most consumers just wait on the sidelines against the backdrop of inactive deals in the market. Given soft demand in the market, the producer predicts that mainstream prices of Chinese antimony trioxide 99.8%min would keep declining in the coming week.
With an annual production capacity of 5,000t of antimony trioxide 99.8%min, the producer totally produced about 3,000t of the material in 2022 and expects that the output would be around 150t this month, steady MOM. They hold no spot stocks at the moment, basically unchanged from last month.
Another producer in South China said, "We now quote RMB74,500/t (USD10,891/t) delivered D/A 30 days for antimony trioxide 99.8%min and could give the price of RMB74,000/t (USD10,818/t) to regular customers with real intention to refill stocks. We already sold about 20t of the material at RMB74,000/t (USD10,818/t) by now this week and also sold about 30t at RMB75,000/t (USD10,964/t) last week." According to the producer, the domestic antimony trioxide market sees limited deals and weak demand on the whole currently as consumers only keep purchasing based on orders and take a strong wait-and-see attitude restricted by lower prices for raw material. They only sold about 100t of the material by now this week, but could sell about 300t per week in normal condition. In light of weak demand in the market, the producer expects that mainstream prices of Chinese antimony trioxide 99.8%min would continue to go down in the coming week.
With an annual production capacity of 25,000t of antimony trioxide 99.8%min, the producer totally produced about 22,000t of the material in 2022 and expects that the output would be around 2,200t this month, steady MOM. They hold no spot stocks at the moment, basically unchanged from last month.
