Chinese antimony trioxide export prices edge up
2023-04-18 11:47:52 [Print]
BEIJING (Asian Metal) 18 Apr 23 - Supported by the firm price of raw material in China, some Chinese antimony trioxide exporters slightly raised offers, and the export market saw a small increase in enquiries from overseas buyers, with deals to be followed up. Current mainstream export prices for Chinese antimony trioxide 99.5%min stand at USD10,500-10,700/t FOB China, up by USD100/t from late last week. Given firm offers from Chinese suppliers but the unclear end-user demand outlook, insiders believe that export prices for Chinese antimony trioxide 99.5%min would stay unchanged on the whole in the coming week.
An exporter in South China said, "We now offer USD10,700/t FOB China for antimony trioxide 99.5%min and we sold 20t at USD10,700/t just yesterday, up by roughly USD100/t from last week when we exported 20t of the material". The supplier added that the raw material suppliers prefer to hold back from selling after Asian Metal successfully held the 9th Antimony Forum, and prices for antimony ingot 99.85%min are expected to rise to RMB82,000/t (USD11,930/t) at least this week, while some suppliers could accept RMB81,000/t (USD11,784/t) one week ago. Meanwhile, the supply of antimony ingot remains tight on the whole and it is relatively difficult to source the material from the spot market. The exporter added that there are more enquiries from overseas buyers but some consumers remain cautious about purchasing at prices higher than USD10,700/t. In light of slow purchases from buyers but the overall tight supply of raw material, insiders believe that export prices for Chinese antimony trioxide 99.5%min would stay unmoved in the following week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they expect to export about 460t in April, up from 400t in March. They exported nearly 5,500t in total last year and now hold inventory of around 200t, the same as a month ago.
Another exporter in South China said, "Our export offer for antimony trioxide 99.5%min now stays at USD10,600/t FOB China, and we would accept USD10,500/t FOB China for firm orders from regular clients. However, there were no deals closed so far this week. We received some enquiries since late last week from clients who would like to purchase at prices below USD10,500/t, but we refuse to accept for the moment. We last exported about 20t at USD10,400/t a week ago". The exporter added that Chinese suppliers of raw material kept their offer firm since late last week and their offer for antimony trioxide 99.5%min stays firm at RMB70,000/t (USD10,184/t) this week, while some suppliers could accept as low as RMB70,000/t (USD10,184/t) in the previous week. Despite the weak demand, the exporter believes that export prices for Chinese antimony trioxide 99.5%min would remain stable in the coming week supported by the firm price of antimony trioxide in the domestic market.
With a regular monthly export volume of 400t of antimony trioxide 99.5%min, they expect to export about 350t in April, up from about 300t in March. They exported around 4,500t in total last year and currently have no stocks in hand, the same as one month earlier.
An exporter in South China said, "We now offer USD10,700/t FOB China for antimony trioxide 99.5%min and we sold 20t at USD10,700/t just yesterday, up by roughly USD100/t from last week when we exported 20t of the material". The supplier added that the raw material suppliers prefer to hold back from selling after Asian Metal successfully held the 9th Antimony Forum, and prices for antimony ingot 99.85%min are expected to rise to RMB82,000/t (USD11,930/t) at least this week, while some suppliers could accept RMB81,000/t (USD11,784/t) one week ago. Meanwhile, the supply of antimony ingot remains tight on the whole and it is relatively difficult to source the material from the spot market. The exporter added that there are more enquiries from overseas buyers but some consumers remain cautious about purchasing at prices higher than USD10,700/t. In light of slow purchases from buyers but the overall tight supply of raw material, insiders believe that export prices for Chinese antimony trioxide 99.5%min would stay unmoved in the following week.
With a regular monthly export volume of 500t of antimony trioxide 99.5%min, they expect to export about 460t in April, up from 400t in March. They exported nearly 5,500t in total last year and now hold inventory of around 200t, the same as a month ago.
Another exporter in South China said, "Our export offer for antimony trioxide 99.5%min now stays at USD10,600/t FOB China, and we would accept USD10,500/t FOB China for firm orders from regular clients. However, there were no deals closed so far this week. We received some enquiries since late last week from clients who would like to purchase at prices below USD10,500/t, but we refuse to accept for the moment. We last exported about 20t at USD10,400/t a week ago". The exporter added that Chinese suppliers of raw material kept their offer firm since late last week and their offer for antimony trioxide 99.5%min stays firm at RMB70,000/t (USD10,184/t) this week, while some suppliers could accept as low as RMB70,000/t (USD10,184/t) in the previous week. Despite the weak demand, the exporter believes that export prices for Chinese antimony trioxide 99.5%min would remain stable in the coming week supported by the firm price of antimony trioxide in the domestic market.
With a regular monthly export volume of 400t of antimony trioxide 99.5%min, they expect to export about 350t in April, up from about 300t in March. They exported around 4,500t in total last year and currently have no stocks in hand, the same as one month earlier.
