As most consumers have failed to get enough antimony ingots in the recent two weeks, the price of antimony ingot and antimony trioxide increases continuously.
AA Hunan-based smelter with a monthly production capacity of around 400 tons concluded a deal of around 20 tons of antimony trioxide 99.5%min at RMB37,500/t (USD5,466/t) (freight included) early last week and they increased offers to RMB38,000/t (USD5,539/t) (freight included) late last week.
The source stated that many buyers send inquires for relatively large quantities of around 100-200 tons to them and they dare not sign the contract with buyers because they could not get enough materials to produce antimony trioxide.
The smelter quoted RMB42,000/t (USD6,122/t) (freight included) for antimony ingot 99.65%min early last week and they increased offers to RMB43,000/t (USD6,268/t) (freight included) late last week. One of their clients found the price high and did not accept it. "As the antimony ingot supply is very tight, we are going to increase offers for the metal further."
AThe source revealed that there are few of antimony concentrate in the market; however, demand is weak as most plants have been shut down. The source believes that the market may go up further in the near term by the end of August and after the summer holiday finishes, when buyers comes back, how the market go depends on how much price the buyers could accept as the tight supply may not ease within one month.
A Shanghai-based trader confirmed that their supplier quoted RMB42,000/t (USD6,122/t) (freight included) for antimony ingot 99.65%min and RMB38,500/t (USD5,612/t) (freight included) for antimony trioxide 99.5%min, but they could not accept it.
AsThey heard that some exporter concluded 20 tons of antimony trioxide 99.5%min at USD5,500/t FOB China and buyers only sent small-volume inquiries of 10-20 tons each time.
AA Hunan-based smelter with a monthly production capacity of around 400 tons concluded a deal of around 20 tons of antimony trioxide 99.5%min at RMB37,500/t (USD5,466/t) (freight included) early last week and they increased offers to RMB38,000/t (USD5,539/t) (freight included) late last week.
The source stated that many buyers send inquires for relatively large quantities of around 100-200 tons to them and they dare not sign the contract with buyers because they could not get enough materials to produce antimony trioxide.
The smelter quoted RMB42,000/t (USD6,122/t) (freight included) for antimony ingot 99.65%min early last week and they increased offers to RMB43,000/t (USD6,268/t) (freight included) late last week. One of their clients found the price high and did not accept it. "As the antimony ingot supply is very tight, we are going to increase offers for the metal further."
AThe source revealed that there are few of antimony concentrate in the market; however, demand is weak as most plants have been shut down. The source believes that the market may go up further in the near term by the end of August and after the summer holiday finishes, when buyers comes back, how the market go depends on how much price the buyers could accept as the tight supply may not ease within one month.
A Shanghai-based trader confirmed that their supplier quoted RMB42,000/t (USD6,122/t) (freight included) for antimony ingot 99.65%min and RMB38,500/t (USD5,612/t) (freight included) for antimony trioxide 99.5%min, but they could not accept it.
AsThey heard that some exporter concluded 20 tons of antimony trioxide 99.5%min at USD5,500/t FOB China and buyers only sent small-volume inquiries of 10-20 tons each time.
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