BEIJING (Asian Metal) 30 Jul 07 – Antimony market kept fluctuating during the week as it is still unclear when closed mines and smelters in Hunan may restart.
The closures of smelters did not attract more buyers to come back to the market. As demand remains weak, antimony ingot producers continue reducing offers to stimulate consumer buying at the beginning of the week. Some major smelters cut offers to around RMB40,500/t (USD5,350/t) ex works and small smelters in Lengshuijiang district decreased quotations to RMB37,500-38,000/t (USD4,954-5,020/t) VAT excluded.
However, as inquires did not pour in as expected, producers gave up their attempt of attracting buyers by reducing price. “No matter how low we quote, market demand will continue to be very weak in this slack season. Furthermore, as we have been out of production for nearly a month, we don’t have many stocks on hand. Therefore, we do not bother to offer and decide to hold on till consumers come back to the market,” producers said. Therefore, many producers ceased quoting or raised offers again, waiting for consumers’ return.
Similar to Chinese local market, the export market of antimony ingot has also been swinging. Some buyers received lower offers of USD5,300-5,350/t FOB for antimony ingot at the beginning of week whereas the offers bounced back to USD5,400-5,500/t FOB late in the week. However, neither Chinese export market nor spot market in Europe saw much business due to both fluctuating prices and absence of westerners.
The antimony trioxide market in China still keeps sluggish and prices decrease a little on weak demand. Some suppliers who concluded deals at around RMB37,000/t (USD4,888/t) ex works in the previous week reported that it is hard to sell at RMB36,500/t (USD4,822/t) ex works. Producer sources reported that many consumers prefer to use low-grade antimony oxide due to the low price.
However, the export price for antimony trioxide keeps firm prompted by the effort of major suppliers. According to market sources, traders offer Twinkling Star antimony trioxide at as high as USD4,950-5,000/t FOB and other materials with famous brand such as Muli and Huachang are also offered at USD4,850-4,900/t FOB. However, limited deals were concluded in the week.
We can supply any quantity and any kind of Antimony products from stock.would you please inform us how many you need and your target price, then we will confirm ASAP. We are sincerely hope to do business with you and establish long term business relationship with your respectable company.
Look forward to hearing from you soon.
Best regards,
Sam Xu
Contact me:
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Chinese antimony market
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