European Antimony ingot marke see watchful attitudes
2024-03-01 10:12:11 [Print]
BEIJING (Asian Metal) 1 March 24 - Now European antimony market see strong watchful attitudes as most clients think prices is hard to increase further, while supported by limited supply, it's still hard to decrease now. Currently, the mainstream prices of European antimony ingot 99.65%min stand at USD13,200-13,400/t in Rotterdam Warehouse, down by USD200/t from last week. Considering that the demand doesn't pick up and supply keep tight, insiders predict that the mainstream prices of European antimony ingot 99.65%min would keep stable in the coming week.
A trader in Europe indicated, "We didn't purchase any antimony ingot 99.65%min this week as we didn't receive any inquiry since early this week. Although it's hard to decrease further while we think it would not increase too much. Demand in Europe keep soft, while supply stay tight". The trader added they offered about USD13,400/t for antimony ingot 99.65%min in warehouse Rotterdam this week and could accept to sell USD13,300/t for firm bids, they failed to sell at USD13,400/t and last sold about 20t at USD13,400/t last week. Considering that supply kept tight with limited stocks, most suppliers prefer to keep their prices firm and insiders predict that the mainstream prices of European antimony ingot 99.65%min would keep stable in the coming week.
With a regular monthly trading volume of 60t of antimony ingot 99.65%min, they expect to sell about 50t in February, compared with around 40t in last month. They sold nearly 500t in 2023 and currently hold no inventory, on par with one month earlier.
Another trader in Europe disclosed that most suppliers of antimony ingot 99.65%min offered about USD13,400/t in warehouse Rotterdam or above, while they have no intention to purchase any materials at USD13,400/t now due to limited inquiries. The trader added, "We last purchased about 20t at USD13,300/t one week ago. Most suppliers refused to sell at below USD13,300/t now but it's difficult to sell at above USD13,300/t right now". The market seem weak demand and tight supply now. Given that both buyers and sellers are still testing water amidst the uncertain market outlook, the stalemate will continue for some time. They predict that the mainstream prices of European antimony ingot 99.65%min would keep stable in the coming week.
With a regular monthly trading volume of 60t of antimony ingot 99.65%min, they expect to sell about 40t in February, compared with around 60t in January. They sold nearly 400t in 2023 and currently hold no inventory, unchanged MoM.
A trader in Europe indicated, "We didn't purchase any antimony ingot 99.65%min this week as we didn't receive any inquiry since early this week. Although it's hard to decrease further while we think it would not increase too much. Demand in Europe keep soft, while supply stay tight". The trader added they offered about USD13,400/t for antimony ingot 99.65%min in warehouse Rotterdam this week and could accept to sell USD13,300/t for firm bids, they failed to sell at USD13,400/t and last sold about 20t at USD13,400/t last week. Considering that supply kept tight with limited stocks, most suppliers prefer to keep their prices firm and insiders predict that the mainstream prices of European antimony ingot 99.65%min would keep stable in the coming week.
With a regular monthly trading volume of 60t of antimony ingot 99.65%min, they expect to sell about 50t in February, compared with around 40t in last month. They sold nearly 500t in 2023 and currently hold no inventory, on par with one month earlier.
Another trader in Europe disclosed that most suppliers of antimony ingot 99.65%min offered about USD13,400/t in warehouse Rotterdam or above, while they have no intention to purchase any materials at USD13,400/t now due to limited inquiries. The trader added, "We last purchased about 20t at USD13,300/t one week ago. Most suppliers refused to sell at below USD13,300/t now but it's difficult to sell at above USD13,300/t right now". The market seem weak demand and tight supply now. Given that both buyers and sellers are still testing water amidst the uncertain market outlook, the stalemate will continue for some time. They predict that the mainstream prices of European antimony ingot 99.65%min would keep stable in the coming week.
With a regular monthly trading volume of 60t of antimony ingot 99.65%min, they expect to sell about 40t in February, compared with around 60t in January. They sold nearly 400t in 2023 and currently hold no inventory, unchanged MoM.
