Chinese antimony ingot prices keep upward trend
2024-04-23 08:30:51 [Print]
BEIJING (Asian Metal) 23 Apr 24 - Due to the tight supply of raw materials, most suppliers hold bullish attitudes and raise their prices further this week. Currently, the mainstream prices of Chinese antimony ingot 99.85%min stand at RMB99,000-100,000/t (USD13,667-13,805/t) EXW D/P now, up by RMB2,000/t(USD276/t) from early this week. Considering that most suppliers prefer to keep their prices firm due to tight supply, insiders predict that the mainstream prices of Chinese antimony ingot 99.85%min would increase further in the coming week.
A producer in Hunan disclosed that they don't offer for antimony ingot 99.85%min now and even for firm bids, they have no intentions to sell at prices below RMB100,000/t (USD13,805/t) EXW D/P now. They don't sell this week and last sold about 32t at RMB95,000/t (USD13,115/t) now. The producer added, "Supply of raw materials and antimony ingot keep tight in April, most suppliers hold back from selling now, which cause increasing prices". Supported by tight supply of raw materials, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase further in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer have no output this month and didn't produce last month. They totally produced about 3,000t of the material in 2023. They hold no stock at the moment, unchanged MoM.
Another trader in Hunan mentioned, "We offered about RMB100,000/t (USD13,805/t) EXW D/P for antimony ingot 99.85%min now and don't consider selling at lower prices. We last sold about 64t of antimony ingot 99.85%min at RMB100,000/t (USD13,805/t) early this week and last sold about 32t at RMB99,000/t (USD13,667/t) last week". The trader added that supply keep tight as most factories hold no stocks now and they failed to purchase any materials at the current prices. Supported by firm prices of antimony concentrate and tight supply, the trader predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase further in the forthcoming week.
With a monthly trading volume of 200t of antimony ingot 99.85%min, the trader expects to sell around 200t in April and 250t last month. They sold about 2,000t in 2023, holding 100t of stocks now, unchanged MoM.
A producer in Hunan disclosed that they don't offer for antimony ingot 99.85%min now and even for firm bids, they have no intentions to sell at prices below RMB100,000/t (USD13,805/t) EXW D/P now. They don't sell this week and last sold about 32t at RMB95,000/t (USD13,115/t) now. The producer added, "Supply of raw materials and antimony ingot keep tight in April, most suppliers hold back from selling now, which cause increasing prices". Supported by tight supply of raw materials, the producer predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase further in the coming week.
With an annual production capacity of 5,000t of antimony ingot 99.85%min, the producer have no output this month and didn't produce last month. They totally produced about 3,000t of the material in 2023. They hold no stock at the moment, unchanged MoM.
Another trader in Hunan mentioned, "We offered about RMB100,000/t (USD13,805/t) EXW D/P for antimony ingot 99.85%min now and don't consider selling at lower prices. We last sold about 64t of antimony ingot 99.85%min at RMB100,000/t (USD13,805/t) early this week and last sold about 32t at RMB99,000/t (USD13,667/t) last week". The trader added that supply keep tight as most factories hold no stocks now and they failed to purchase any materials at the current prices. Supported by firm prices of antimony concentrate and tight supply, the trader predicts that the mainstream prices of Chinese antimony ingot 99.85%min would increase further in the forthcoming week.
With a monthly trading volume of 200t of antimony ingot 99.85%min, the trader expects to sell around 200t in April and 250t last month. They sold about 2,000t in 2023, holding 100t of stocks now, unchanged MoM.
