Chinese antimony ingot prices keep firm
2024-04-02 08:23:31 [Print]
BEIJING (Asian Metal) 2 Apr 24 - Most suppliers of antimony ingot 99.85%min hold strong intentions to keep their prices firm due to limited supply now. Currently, the mainstream prices of Chinese antimony ingot 99.85%min keep stable at RMB90,000-91,000/t (USD12,448-12,586/t) EXW D/P now, unchanged from last week. Considering that the supply keep tight and most suppliers keep their prices firm, insiders predict that the mainstream prices of Chinese antimony ingot 99.85%min would keep stable in the coming week.
A producer in Hunan disclosed that they offer about RMB91,000/t (USD12,586/t) EXW D/P for antimony ingot 99.85%min and could accept a concession of RMB500/t (USD69/t) for firm bids. They last sold about 64t at RMB90,000/t (USD12,448/t) one week ago. The producer added, "We received many inquiries from our clients who want to purchase at RMB90,000/t (USD12,448/t) this week, while due to limited supply, we have no plan to sell at such prices". The producer added they just resumed their production of antimony ingot early this month and prices of antimony concentrate keep firm. Supported by firm prices of raw materials and tight supply, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the produce expects to produce about 400t of the material this month and didn't produce last month. They totally produced about 3,000t of the material in 2023. They hold about 500t of stocks at the moment, unchanged MoM.
Another trader in Hunan mentioned, "We offered about RMB92,000/t (USD12,724/t) EXW D/P for antimony ingot 99.85%min and don't consider selling at prices below RMB91,500/t (USD12,655/t) this week. Because we can't purchase any materials at prices below RMB91,000/t (USD12,586/t) this week". The trader added that they last purchased about 30t at RMB91,000/t (USD12,586/t) early last week. Supply keep tight and most suppliers prefer to hold back from selling with limited stocks now, they hold bullish attitudes toward the market and predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase slightly in the coming week.
With a monthly trading volume of 200t of antimony ingot 99.85%min, the trader expects to sell around 200t in March and 150t last month. They sold about 2,000t in 2023, holding 100t of stocks now, unchanged MoM.
A producer in Hunan disclosed that they offer about RMB91,000/t (USD12,586/t) EXW D/P for antimony ingot 99.85%min and could accept a concession of RMB500/t (USD69/t) for firm bids. They last sold about 64t at RMB90,000/t (USD12,448/t) one week ago. The producer added, "We received many inquiries from our clients who want to purchase at RMB90,000/t (USD12,448/t) this week, while due to limited supply, we have no plan to sell at such prices". The producer added they just resumed their production of antimony ingot early this month and prices of antimony concentrate keep firm. Supported by firm prices of raw materials and tight supply, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would keep firm in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the produce expects to produce about 400t of the material this month and didn't produce last month. They totally produced about 3,000t of the material in 2023. They hold about 500t of stocks at the moment, unchanged MoM.
Another trader in Hunan mentioned, "We offered about RMB92,000/t (USD12,724/t) EXW D/P for antimony ingot 99.85%min and don't consider selling at prices below RMB91,500/t (USD12,655/t) this week. Because we can't purchase any materials at prices below RMB91,000/t (USD12,586/t) this week". The trader added that they last purchased about 30t at RMB91,000/t (USD12,586/t) early last week. Supply keep tight and most suppliers prefer to hold back from selling with limited stocks now, they hold bullish attitudes toward the market and predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase slightly in the coming week.
With a monthly trading volume of 200t of antimony ingot 99.85%min, the trader expects to sell around 200t in March and 150t last month. They sold about 2,000t in 2023, holding 100t of stocks now, unchanged MoM.
