| European antimony market remains quiet |
| 2008-11-6 8:38:37 |
| BEIJING (Asian Metal) 6 Nov 08 – Waiting for price to drop further, consumers are watching the antimony market patiently. Reported by European dealers. Asianmetal(English) http://www.asianmetal.com RL0T A European trader told Asian Metal that the latest prices he received for 99.65%min low bismuth antimony ingot are in the range of USD6,200-6,300/t CIF Rotterdam, and USD6,400/t in warehouse for prompt release. However, the consumers he contacted claimed that they would not be interested in buying when prices are over USD6,000/t. Asianmetal(English) http://www.asianmetal.com ZED3 The trader believes the buyers have enough material in stock for the production in the last several weeks this year. "They have long-term contracts to secure their basic need, and their demand decreased this year due to the weak economy," the source remarked, and holds that the antimony prices will go the direction of the consumers' desire. Asianmetal(English) http://www.asianmetal.com 9551 Another European trader confirmed the price of low bismuth is in the range of USD6,200-6,300/t CIF Rotterdam, and he added that the 99.65%min standard grade antimony ingot price is at around USD6,000-6,100/t CIF Rotterdam. "There is no deal concluded that I heard of," said the trader. Asianmetal(English) http://www.asianmetal.com VY9Z He takes that the Chinese suppliers are trying very hard to keep the prices at high level, but the main concern is not on the supply side right now. "The weak demand is the main problem, and it is not going to improve for the next few months, because economy is weak in general." He thinks the prices of antimony will go down slowly, because of Chinese effort. |
Antimony price still on downward trend in China
Environmental crackdown focusing on Lengshuijiang antimony smelters
Suppliers watch the antimony market after clampdown of Lengshuijiang plants 2008-11-5 12:42:36 BEIJING (Asian Metal) 5 Nov 08 – Loudi (where Lengshuijiang belongs to) municipal government has just started an action of environment improvement this Monday by closing the illegal antimony smelting plants in Lengshuijiang region. After the action, some suppliers hold wait-and-see attitudes and may adjust their sales strategy according to the result of the action.
Asianmetal(English) http://www.asianmetal.com NQGO
A large antimony smelter in Hunan with a monthly production capacity of at least 600 tons revealed some details of the action. He said, "The Loudi municipal government has strong resolutions this time and we heard that one of the assessment standards of the local government leaders is how they improve the environment of the region." The source stated that there are altogether eight people being caught during the confliction with police forces in the past two days and there have been three plants being torn down on Monday. The government meant to tear down six other plants on Tuesday, but it has been very difficult for them to carry out the action because many people from the plants are in the way preventing it. Until 4 pm on Tuesday, there has not even one more plants being torn down.
Asianmetal(English) http://www.asianmetal.com VI31
The action has not ended and the source still wants to watch closely in order to assess the influences. He would like to see the clampdown of the small plants and believe that it may help change the situation of antimony market to some extent; at least help the price become stable. The source stated that the problem is which is greater, the reduction in antimony output or the reduction in demand.
Asianmetal(English) http://www.asianmetal.com 77UZ
"If more plants are shut down, we may consider holding the price at relatively higher levels or at least we will not lower the price further, and we will also adjust the sales strategies according to the demand from buyers." said the source. They concluded several deals of antimony trioxide 99.5%min at RMB36,000/t (USD5,271/t) ex works, down from RMB37,000-37,500/t (USD5,417-5,490/t) ex works early last week. The source also revealed that they may consider to lower offers by around RMB100-200/t (USD15-29/t) to long-term clients this week. Some other smaller smelters concluded deals at even lower levels of around RMB35,000-36,000/t (USD5,124-5,271/t) ex works, while RMB35,000/t (USD5,124/t) is the lowest price they heard at present.
Asianmetal(English) http://www.asianmetal.com R1EU
Another Loudi-based smelter with a monthly production capacity of 400-500 tons confirmed that the government met some difficulties in the carrying out the clampdown action, but he also pointed out that the governments' resolution is the strongest this time. The source also holds a wait and see attitude towards the clampdown of Lengshuijiang-based plants.
Asianmetal(English) http://www.asianmetal.com 5N5Q
The source believes that the action may have some influences on the antimony market from the long run, but in the short term if buyers keep inactive, no one could do anything to push the price up under the current background.
Asianmetal(English) http://www.asianmetal.com 82SF
The smelter has not concluded any deals for around 15 days. "We would like to release the material at RMB35,000/t (USD5,124/t) ex works, but no one wants to buy it." The smelter has reduced their output to around 150-200 tons in the recent two months and they dare not to purchase the antimony concentrate due to the low sales volumes.2008-11-4 17:55:44 BEIJING (Asian Metal) 4 Nov 08 - According to market sources, relevant bureaus in Lengshuijiang, Hunan province, one of the most important antimony production bases started a large-scale crackdown on antimony smelters in the area. The checkup, which is expected to last about one week, aims to shut down smelters with the capacity lower than 5,000tpy or not complied with environmental standard among eighty to ninety smelters in the region.
An official from Hsikwangshan Twinkling Star Co., Ltd., the largest antimony trioxide producer in the world welcomed the check up. According to the source, only those smelters who meet the industrial access requirements are qualified to continue producing. The source believes that the check up will help rectify the market order, combat illegal smelting, and protect the profit of state-owned enterprises. Additionally, under the sluggish market, the checkup is likely to stimulate demand and stop the price from falling further.
An antimony ingot smelter based in Anhua, Hunan province learnt the environmental crackdown on antimony smelters in Lengshuijiang. The source also takes it to be a favorable factor for the antimony market which is very slow now. According to the source, the smelter is running regularly with an output of around 300tpm. However, it does not quote for the time being for lack of orders. The source revealed that offers in the spot market have been in decline with some smelters offering a price below RMB38,000/t (USD5,564/t) ex works. Furthermore, quotations made by a few small smelters are lower than RMB33,000/t (USD4,832/t) VAT excluded.2008-11-4 8:52:27
BEIJING (Asian Metal) 4 Nov 08 – The continuous low demand from antimony buyers has made most antimony suppliers loose their confidence in the near term antimony market. Another reason for the inactive antimony market and also for many other metals' market is the influences of the global financial crisis. Therefore some suppliers lower their offers believing the price may drop further as many suppliers may lower their offers too in order to attract more buyers and turn the antimony materials into cash as early as possible.
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A South China-based exporter with a monthly production capacity of more than 400 tons lowered their offers of antimony ingot by around RMB1,000/t (USD146/t) to RMB38,000-39,000/t (USD5,564-5,710/t) (inclusive of transportation fee) last week. The source revealed that they are going to lower it this week. "We have no choice but to lower the price because there are few buyers in the market now and they do not want to purchase at the prices we offer," said the source, adding, "we are trying to hold the price at relatively higher levels, but the problem is that no one wants to buy at the moment and we need to maintain a normal production so that we lower offers once and again."
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The exporter also lowered their export offers to USD6,000-6,100/t FOB China, down from USD6,200-6,250/t FOB China from the beginning of last week. The source predicted that the price may drop to USD5,900-6,000/t FOB China this week, explaining, "The demand is too low that those who used to purchase 60-100 tons each time now purchase around 20-40 tons each time.Therefore, many suppliers lower their offers."
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Though according to the source, the market is likely to drop in the coming weeks, he is still confident about the antimony market next year. The source explained that the output may reduce next year by around 20-30% in view of the insufficient supply of antimony concentrate and there are few stocks left from this year as we all know that many mines and antimony smelting plants have been shut down during the year 2008 and many other smelting plants have reduced their output in view of the extremely weak demand. Besides, the demand for antimony materials will not reduce by as much as 20-30% because the downstream products are all daily necessities for people and producers for these products may finally come back to make purchases.
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A South China-based antimony supplier with a production capacity of more than 400 tons per month also believes that the price of antimony ingot may drop further this week as they find that many suppliers are lowering their offers. They quoted RMB38,000-39,000/t (USD5,564-5,710/t) (inclusive of transportation fee) last week. We may consider to lower their offers this week because almost no buyers in the market and we need to reduce their inventories so as to get more cash."
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Another South China-based exporter quoted USD5,200-5,300/t FOB China for antimony trioxide 99.5%min last week, but buyers refused. "We could not conclude deals at that level and we heard that some deals are concluded at USD5,200-5,300/t CIF Rotterdam," said the source, adding, "The problem is that there are no buyers at present so that if we could conclude one deal at USD100/t is good." The source believes that in view of the mental attitude of many suppliers in China, the price of antimony trioxide and ingot may drop further. However, like the first exporter, he is also optimistic about the future market in the next year. "The supply of antimony materials may become insufficient in view of the limited antimony concentrate once more buyers come back."
Antimony ingot market runs slowly in Russia 2008-11-3 14:55:51 BEIJIN (Asian Metal) 3 Nov. 08 - Sources in Russia revealed that the antimony ingot market has been sluggish recently due to continuously low demand. The price of antimony ingot 99.65%min keeps stable at around RUB190-195/kg (USD7,037-7,222/t) d.d.p. in the spot market, and participants believe that the market may not rebound in the near future.
Asianmetal(English) http://www.asianmetal.com 9B22
A trader in Russia, who has a monthly trading volume of around 20t of antimony ingot, said, "We did not conclude any deals in the last two weeks, and received fewer inquiries." The source remains consuming the inventories purchased some material at the end of September.
Asianmetal(English) http://www.asianmetal.com 3TIW
The source revealed that the devaluation of ruble and the low demand in the market result in few spot deals as some consumers have already reduced the purchasing quantities. "I think the price of antimony ingot 99.65%min keeps stable at around RUB190/kg (USD7,037/t) d.d.p. in the spot market, the same as that of last weekend," said the source.
Asianmetal(English) http://www.asianmetal.com F176
The source is pessimistic about the antimony ingot market in the following two weeks. "The price of antimony ingot 99.65%min may fall below RUB180/kg (USD6,666/t) d.d.p. in the spot market due to the continuously low demand," said the source.
Asianmetal(English) http://www.asianmetal.com DO15
Another trader in Russia revealed that the offers of antimony metal have been wide-ranged recently as some traders holding stocks have lowered their offers to promote sales for fear of the price falling. "I think the price of antimony ingot 99.65%min keeps stable at around RUB190-195/kg (USD7,037-7,222/t), but few deals are concluded," said the source.
Asianmetal(English) http://www.asianmetal.com 0YO3
The source disclosed that many end-users have reduced the purchase quantities of antimony ingot due to continuously low demand, and the market may not rebound in the near future.
| European antimony trioxide market is sluggish |
| 2008-11-3 9:44:04 |
| BEIJING (Asian Metal) 3 Nov 08 – With little demand in European market, price of antimony trioxide dropped in the past week. Asianmetal(English) http://www.asianmetal.com 8UG1 A European trader disclosed to Asian Metal that the offers of 99.5%min antimony trioxide he received from Chinese suppliers are in the range of USD 5,200-5,300/t CIF Rotterdam, and material in warehouse Rotterdam for prompt release is selling at about the same price range. Asianmetal(English) http://www.asianmetal.com 1M37 According to the source, demand of all commodities is weak and prices are falling. He sees no hope for the economy to recover in the next 12 months. "Many problems were foresaw by economists, but no one took any precaution when the economy was booming, so the problems accumulate to a grade that it would take long time to resolve," the trader said and thinks the price will continue to fall. Asianmetal(English) http://www.asianmetal.com B8U6 Another trader source confirmed the price of non brand named 99.5%min antimony trioxide is in the range of USD5,200-5,300/t CIF Rotterdam, and Twinkling Start is about USD5,400/t CIF Rotterdam, but the consumers are not responding to the falling US Dollar price. "EURO is weak, so the consumers felt there is no real decrease for the price, and they rather wait for a little longer for the price to fall lower." Asianmetal(English) http://www.asianmetal.com 92E4 The trade agrees with the previous source that the economy is not doing well. Commenting on the improving dollar, the source believes it is only temporary. "Some people say there would be some confident after the presidential election, but I thinks they will soon realize things need time, and the dollar will decrease again EURO again." |
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