17 Jul 08 – The supply of antimony ingot has become tight in domestic market recently, because as the Olympic Games is drawing near, the government release less explosives which reduced output of both raw materials and antimony ingot.
A Guangxi-based smelter with a monthly production capacity of around 400 tons revealed that the price of antimony ingot 99.65%min increased by RMB500/t from RMB39,000/t (USD5,727/t) last week to RMB39,500/t (USD5,800/t) this week. "The antimony ingot supply becomes tight as it is more difficult to get raw materials and there are relatively more inquiries coming. Therefore, we increased our offers."
Asianmetal(English) http://www.asianmetal.com W859
The source revealed that many small and non-state-owned smelters have suspended production or reduced output caused by the shortage of raw materials. The supply of antimony ingot becomes tight and the price may increase in domestic market before the end of Olympic Games.
A Guangxi-based antimony trioxide exporter who also deals with domestic trading confirmed that they increased their offers for antimony trioxide slightly in domestic market, because they find the antimony ingot difficult to get at present. "We need to wait longer time to get the antimony ingot these days. It is all caused by the government's control on explosive, especially when the Olympic Game is drawing near, fewer explosives are released," said the source, believing, "If the supply becomes tighter, the market may be picking up. However, the export price may stay stable during the summer holiday because the demand is low in the period."
A Lengshuijiang-based smelter stated that there are over 50% of non-state-owned smelters have been shut down in the area. Most of the smelters who are still in operation do not want to release the metal; if they do, the price of antimony ingot 99.65%min should be not lower than RMB37,800-38,000/t (USD5,551-5,580/t) VAT excluded. The source puts the mainstream price of antimony ingot 99.65%min was RMB37,500-37,800/t (USD5,507-5,551/t) VAT excluded in the first two weeks of July.
A Guangxi-based smelter with a monthly production capacity of around 400 tons revealed that the price of antimony ingot 99.65%min increased by RMB500/t from RMB39,000/t (USD5,727/t) last week to RMB39,500/t (USD5,800/t) this week. "The antimony ingot supply becomes tight as it is more difficult to get raw materials and there are relatively more inquiries coming. Therefore, we increased our offers."
Asianmetal(English) http://www.asianmetal.com W859
The source revealed that many small and non-state-owned smelters have suspended production or reduced output caused by the shortage of raw materials. The supply of antimony ingot becomes tight and the price may increase in domestic market before the end of Olympic Games.
A Guangxi-based antimony trioxide exporter who also deals with domestic trading confirmed that they increased their offers for antimony trioxide slightly in domestic market, because they find the antimony ingot difficult to get at present. "We need to wait longer time to get the antimony ingot these days. It is all caused by the government's control on explosive, especially when the Olympic Game is drawing near, fewer explosives are released," said the source, believing, "If the supply becomes tighter, the market may be picking up. However, the export price may stay stable during the summer holiday because the demand is low in the period."
A Lengshuijiang-based smelter stated that there are over 50% of non-state-owned smelters have been shut down in the area. Most of the smelters who are still in operation do not want to release the metal; if they do, the price of antimony ingot 99.65%min should be not lower than RMB37,800-38,000/t (USD5,551-5,580/t) VAT excluded. The source puts the mainstream price of antimony ingot 99.65%min was RMB37,500-37,800/t (USD5,507-5,551/t) VAT excluded in the first two weeks of July.
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