Export prices for Chinese antimony trioxide down further
2023-03-28 11:56:21 [Print]
BEIJING (Asian Metal) 28 Mar 23 - Given the overall price downtrend and slack overseas buying activities, consumers generally take a wait-and-see attitude now, leading to an inactive export market. Current mainstream export prices for antimony trioxide 99.5%min stand at USD10,500-10,700/t FOB China, down roughly by USD100/t from late last week. In view of the weak demand and soft price on the whole, insiders believe that export prices for Chinese antimony trioxide 99.5%min would soften in the coming week.
An exporter in South China said, "Our current export offer for antimony trioxide 99.5%min is USD10,600/t FOB China and we would accept USD10,550/t for regular clients. However, we didn't close any deals so far and the market also saw light trading on the whole, while we exported about 10t at USD10,600/t late last week". The supplier added that the market keeps slack amid overall soft demand. They received an enquiry from a client this week, and they offered USD10,600/t FOB China and could accept as low as USD10,500/t, but the client preferred to wait and see for the moment. Given the softening prices, overseas buyers generally prefer to wait on the sidelines, leading to slow market movements. Considering the sluggish demand, the supplier believes that export prices for Chinese antimony trioxide 99.5%min would stay relatively soft in the following week.
With a regular monthly export volume of 200t of antimony trioxide, they expect to export about 200t in March, on par with February. They exported around 2,000t in total last year and now hold inventory of around 100t, the same as a month ago.
Another exporter in South China said, "We now quote antimony trioxide 99.5%min at USD10,600/t FOB China and would accept USD10,500/t for firm orders. We exported about 20t at USD10,500/t early this week while we exported around 20t at USD10,600/t last week". The supplier added that overseas buyers now take a strong wait-and-see attitude as the overall export price stays relatively soft, so they would make a slight concession to regular clients to stimulate sales. However, the market sees limited deals as most overseas buyers already finished replenishing stocks in February. In addition, market prices keep a downtrend now, with few deals closed in the export market over the past two weeks. Restricted by the slow market movements, they believe that export prices for Chinese antimony trioxide 99.5%min would slide further in the coming week.
With a regular monthly export volume of 500t of antimony trioxide, they expect to export about 400t in March, compared with around 500t in February. They exported nearly 5,000t in 2022 and currently hold about 200t of stocks, on par with one month earlier.
An exporter in South China said, "Our current export offer for antimony trioxide 99.5%min is USD10,600/t FOB China and we would accept USD10,550/t for regular clients. However, we didn't close any deals so far and the market also saw light trading on the whole, while we exported about 10t at USD10,600/t late last week". The supplier added that the market keeps slack amid overall soft demand. They received an enquiry from a client this week, and they offered USD10,600/t FOB China and could accept as low as USD10,500/t, but the client preferred to wait and see for the moment. Given the softening prices, overseas buyers generally prefer to wait on the sidelines, leading to slow market movements. Considering the sluggish demand, the supplier believes that export prices for Chinese antimony trioxide 99.5%min would stay relatively soft in the following week.
With a regular monthly export volume of 200t of antimony trioxide, they expect to export about 200t in March, on par with February. They exported around 2,000t in total last year and now hold inventory of around 100t, the same as a month ago.
Another exporter in South China said, "We now quote antimony trioxide 99.5%min at USD10,600/t FOB China and would accept USD10,500/t for firm orders. We exported about 20t at USD10,500/t early this week while we exported around 20t at USD10,600/t last week". The supplier added that overseas buyers now take a strong wait-and-see attitude as the overall export price stays relatively soft, so they would make a slight concession to regular clients to stimulate sales. However, the market sees limited deals as most overseas buyers already finished replenishing stocks in February. In addition, market prices keep a downtrend now, with few deals closed in the export market over the past two weeks. Restricted by the slow market movements, they believe that export prices for Chinese antimony trioxide 99.5%min would slide further in the coming week.
With a regular monthly export volume of 500t of antimony trioxide, they expect to export about 400t in March, compared with around 500t in February. They exported nearly 5,000t in 2022 and currently hold about 200t of stocks, on par with one month earlier.
