Antimony ingot prices firm in Brazilian market
2024-03-08 10:41:18 [Print]
BEIJING (Asian Metal) 9 March 24 - Due to tight supply of antimony ingot99.65%min, most suppliers prefer to keep their prices firm, while most consumers prefer to watch the market. Currently, the mainstream prices of Brazilian antimony ingot 99.65%min keep stable at USD13,200-13,500/t CFR Brazil, stable from early this week. As most consumers prefer to watch the market with limited orders, insiders predict that the mainstream prices of Brazilian antimony ingot 99.65%min would keep stable in the coming week.
A trader in Brazil revealed that prices of antimony ingot 99.65%min keep stable at USD13,500/t CFR Brazil and they don't want to sell at lower prices as most of their suppliers prefer to keep their prices firm. They last sold about 5t at USD13,600/t early this month. The trader added, "Most Chinese supplier offered us about USD13,400/t now, while we could get lower prices at USD13,000/t from India suppliers. We didn't purchase as we think prices in April would decrease further". Considering that demand didn't increase and supply kept tight, the trader predicts that the mainstream prices of Brazilian antimony ingot 99.65%min would keep firm in the forthcoming week.
The trader, with a regular monthly trading volume of 25t, sold 15t in February, stable from last month, holding 10t of stocks currently. They sold nearly 200t in 2023.
"We didn't purchase any antimony ingot 99.65%min this week as we have some stocks now. The prices we got this week stand at USD13,400/t CFR Brazil and it is hard to purchase at lower prices," said another Brazilian trader, he added that they last purchased about 20t at USD11,500/t end of last year. They think that prices of antimony ingot now stay at a high level and they prefer to watch the market first. Considering that supply keep tight and consumers prefer to watch the market, insiders predict that the mainstream prices of Brazilian antimony ingot 99.65%min would keep stable in the forthcoming week.
The trader, with a regular trading volume of 20t, sold 10t this month, down by 20t from last month, holding 10t of stocks now. Their sales in 2023 could reach about 150t.
A trader in Brazil revealed that prices of antimony ingot 99.65%min keep stable at USD13,500/t CFR Brazil and they don't want to sell at lower prices as most of their suppliers prefer to keep their prices firm. They last sold about 5t at USD13,600/t early this month. The trader added, "Most Chinese supplier offered us about USD13,400/t now, while we could get lower prices at USD13,000/t from India suppliers. We didn't purchase as we think prices in April would decrease further". Considering that demand didn't increase and supply kept tight, the trader predicts that the mainstream prices of Brazilian antimony ingot 99.65%min would keep firm in the forthcoming week.
The trader, with a regular monthly trading volume of 25t, sold 15t in February, stable from last month, holding 10t of stocks currently. They sold nearly 200t in 2023.
"We didn't purchase any antimony ingot 99.65%min this week as we have some stocks now. The prices we got this week stand at USD13,400/t CFR Brazil and it is hard to purchase at lower prices," said another Brazilian trader, he added that they last purchased about 20t at USD11,500/t end of last year. They think that prices of antimony ingot now stay at a high level and they prefer to watch the market first. Considering that supply keep tight and consumers prefer to watch the market, insiders predict that the mainstream prices of Brazilian antimony ingot 99.65%min would keep stable in the forthcoming week.
The trader, with a regular trading volume of 20t, sold 10t this month, down by 20t from last month, holding 10t of stocks now. Their sales in 2023 could reach about 150t.
