Chinese antimony ingot prices stable
2024-03-04 08:29:28 [Print]
BEIJING (Asian Metal) 4 March 24 - This week, prices of antimony ingot prefer to be stable with limited supply on the spot market. Currently, the mainstream prices of Chinese antimony ingot 99.85%min stand at RMB90,000-91,000/t(USD12,506-12,645/t) EXW D/P, stable from early this week. Considering that most suppliers stay with high intentions to keep their prices firm while consumers purchased cautiously, insiders predict that mainstream prices of Chinese antimony ingot 99.85%min would stay stable in the coming week.
A producer in Hunan indicated, "We offered about RMB91,000/t (USD12,645/t) EXW D/P for antimony ingot 99.85%min and for firm bids, we could accept to sell at RMB90,500/t(USD12,575/t). We closed few orders this week and last sold about 30t at RMB90,500/t (USD12,575/t) early this week". The producer added that the market showed stronger watchful attitudes than last week. Most consumers refused to purchase at prices higher than RMB90,000/t (USD12,506/t) right now, while they don't consider selling at lower prices due to limited stocks, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would stay stable in the coming week.
With a production capacity of 20,000t of antimony ingot 99.85%min, the producer produced around 15,000t in 2023. They produced about 600t this month. They hold no stock now, unchanged MoM.
Another trader in Hubei disclosed, "We didn't sell any antimony ingot 99.85%min this week as we don't want to sell at prices below RMB91,000/t (USD12,645/t) EXW D/P. While we last sold about 30t at RMB91,000/t (USD12,645/t) last week". The trader added that they received one inquiry from a regular client who want to purchase about 30t of antimony ingot 99.85%min at around RMB90,000/t(USD12,506/t), due to limited supply of raw materials, they refused. Considering that supply of raw materials keep tight, the trader predicts that the mainstream prices of Chinese antimony ingot 99.85%min would stay stable in the coming week.
With a regular monthly trading volume of 100t of antimony ingot 99.85%min, they expect to sell about 60t in February, compared with around 100t in January. They sold nearly 1,000t in 2023 and currently hold about 200t of inventory, unchanged MoM.
A producer in Hunan indicated, "We offered about RMB91,000/t (USD12,645/t) EXW D/P for antimony ingot 99.85%min and for firm bids, we could accept to sell at RMB90,500/t(USD12,575/t). We closed few orders this week and last sold about 30t at RMB90,500/t (USD12,575/t) early this week". The producer added that the market showed stronger watchful attitudes than last week. Most consumers refused to purchase at prices higher than RMB90,000/t (USD12,506/t) right now, while they don't consider selling at lower prices due to limited stocks, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would stay stable in the coming week.
With a production capacity of 20,000t of antimony ingot 99.85%min, the producer produced around 15,000t in 2023. They produced about 600t this month. They hold no stock now, unchanged MoM.
Another trader in Hubei disclosed, "We didn't sell any antimony ingot 99.85%min this week as we don't want to sell at prices below RMB91,000/t (USD12,645/t) EXW D/P. While we last sold about 30t at RMB91,000/t (USD12,645/t) last week". The trader added that they received one inquiry from a regular client who want to purchase about 30t of antimony ingot 99.85%min at around RMB90,000/t(USD12,506/t), due to limited supply of raw materials, they refused. Considering that supply of raw materials keep tight, the trader predicts that the mainstream prices of Chinese antimony ingot 99.85%min would stay stable in the coming week.
With a regular monthly trading volume of 100t of antimony ingot 99.85%min, they expect to sell about 60t in February, compared with around 100t in January. They sold nearly 1,000t in 2023 and currently hold about 200t of inventory, unchanged MoM.
