Antimony ingot prices increase in India
2024-04-26 10:22:05 [Print]
BEIJING (Asian Metal) 26 Apr 24 - Due to tight supply of raw materials and increasing prices of raw materials, most suppliers raise their prices of antimony ingot 99.65%min accordingly in India. Currently, the mainstream prices of antimony ingot 99.65%min increase to INR1,130-1,140/kg CIF Nhavasheva, up by INR30/kg from early last week. Although demand in Indian market doesn't pick up, most suppliers prefer to keep their prices firm under the strong pressure of cost, insiders predict that the mainstream prices of antimony ingot 99.65%min in India would increase further in the coming week.
A trader in India disclose that they offer about INR1,150/kg CIF Nhavasheva now for antimony ingot 99.65%min and could accept to sell at INR1,140/kg for firm bids. They last sold about 10t of antimony ingot 99.65%min at INR1,120/kg early last week. The trader added, "Prices increase so fast due to the tight supply from suppliers, and most suppliers refuse to offer now. But we prefer to wait and see about the demand in the future". Considering that supply prefer to be limited, the trader predicts that the mainstream prices of antimony ingot 99.65%min in India would increase further in the coming week.
With a regular monthly trading volume of about 50t of antimony ingot, the trader predicts to sell about 20t of the material in April and sold about 40t in March. They hold an 20t of inventory presently, almost identical to late last month. They sold about 500t of the metal in 2023.
Another trader in India state, "We don't offer for antimony ingot 99.65%min now as prices keep increasing so fast now. But even for firm bids, we have no intentions to sell any antimony ingot 99.65%min at prices below INR1,120/kg CIF Nhavasheva". The trader add that they last sold about 20t at INR1,100/kg early last week. Most suppliers have no offer now due to tight supply, and some suppliers still hold bullish attitudes towards the market. Due to tight supply, the trader predicts that the mainstream prices of antimony ingot 99.65%min in India would go up further in the forthcoming week.
The trader, with a regular monthly trading volume of around 40t of antimony ingot, predicts to sell about 30t of the material in April and locked about 40t last month. They hold an stock of 20t in hand now, unchanged from late last month. They sold about 400t of the material in 2023.
A trader in India disclose that they offer about INR1,150/kg CIF Nhavasheva now for antimony ingot 99.65%min and could accept to sell at INR1,140/kg for firm bids. They last sold about 10t of antimony ingot 99.65%min at INR1,120/kg early last week. The trader added, "Prices increase so fast due to the tight supply from suppliers, and most suppliers refuse to offer now. But we prefer to wait and see about the demand in the future". Considering that supply prefer to be limited, the trader predicts that the mainstream prices of antimony ingot 99.65%min in India would increase further in the coming week.
With a regular monthly trading volume of about 50t of antimony ingot, the trader predicts to sell about 20t of the material in April and sold about 40t in March. They hold an 20t of inventory presently, almost identical to late last month. They sold about 500t of the metal in 2023.
Another trader in India state, "We don't offer for antimony ingot 99.65%min now as prices keep increasing so fast now. But even for firm bids, we have no intentions to sell any antimony ingot 99.65%min at prices below INR1,120/kg CIF Nhavasheva". The trader add that they last sold about 20t at INR1,100/kg early last week. Most suppliers have no offer now due to tight supply, and some suppliers still hold bullish attitudes towards the market. Due to tight supply, the trader predicts that the mainstream prices of antimony ingot 99.65%min in India would go up further in the forthcoming week.
The trader, with a regular monthly trading volume of around 40t of antimony ingot, predicts to sell about 30t of the material in April and locked about 40t last month. They hold an stock of 20t in hand now, unchanged from late last month. They sold about 400t of the material in 2023.
