Yiyang Huachang Antimony to resume antimony trioxide production
2023-03-29 11:54:28 [Print]
BEIJING (Asian Metal) 29 Mar 23 - Yiyang Huachang Antimony Co., Ltd., one of major antimony trioxide producers in Hunan, plans to resume production next month after suspending production from early March, and its output for this month is close to 300t, a source from the company told Asian Metal.
The source said, "We suspended production in early March to relieve pressure on inventory and we plan to restart production next week, so our output this month would be close to 300t". The source added that they halted production for maintenance in March due to decreasing price and slack demand and expect to see production return to the regular monthly level of around 800t in April.
With an annual production capacity of 10,000t of antimony trioxide, the company produced about 7,500t in total last year and expects about 300t in March, basically on par with last month. They now hold inventory of nearly 800t, the same as a month ago.
Current mainstream prices for antimony trioxide 99.8%min stand at RMB72,000-73,000/t (USD10,454-10,599/t) delivered D/A 30 days, down roughly by RMB500/t (USD72.60/t) from early this week. Given the decline in raw material price, a wait-and-see sentiment prevails in antimony market, with sluggish demand for antimony trioxide and slow market movements at the moment.
The source said, "We suspended production in early March to relieve pressure on inventory and we plan to restart production next week, so our output this month would be close to 300t". The source added that they halted production for maintenance in March due to decreasing price and slack demand and expect to see production return to the regular monthly level of around 800t in April.
With an annual production capacity of 10,000t of antimony trioxide, the company produced about 7,500t in total last year and expects about 300t in March, basically on par with last month. They now hold inventory of nearly 800t, the same as a month ago.
Current mainstream prices for antimony trioxide 99.8%min stand at RMB72,000-73,000/t (USD10,454-10,599/t) delivered D/A 30 days, down roughly by RMB500/t (USD72.60/t) from early this week. Given the decline in raw material price, a wait-and-see sentiment prevails in antimony market, with sluggish demand for antimony trioxide and slow market movements at the moment.
