Monday, March 23, 2009

Antimony Trioxide Twinkling Star

As manufacturer specialized in manufacturing of Antimony trioxide and flame retardant masterbatch, our company has the best quality products and most competitive price.continuously supply our products to America,Europe,Nippon,Korea and so on,Consistent high quality, Prompt delivery, Low cost.Welcome long-term agencies oversea.

Meanwhile, we also deal with the Twinkling Star brand Sb2O3 and regularly store it into Baltimore warehouse.

Sb2O3 is well used as flame retardant in PVC industry. I'd like to seek any further opportunity with your company.

If interested, please feel free to contact me for further communication.

Supply antimony trioxide

Antimony Trioxide

Antimony trioxide, also known as antimony oxide or Sb2O3, is the most widely produced compound of elemental antimony. The nations that produce the most antimony trioxide are China, South Africa, Bolivia, Russia, Tajikistan, and Kyrgyzstan. Typical applications for antimony trioxide include flame retardant synergist for use in plastics, rubber, paints, paper, textiles, and electronics; polyethylene terephthalate polymerization catalyst; a clarifying agent for glass; an opacifier for porcelain and enamel; and a white pigment for paint. When used as a flame retardant, antimony trioxide is often used in combination with halogenated compounds. Antimony trioxide is used as a synergist to enhance the activity of the halogenated flame retardant. In the absence of antimony trioxide about twice as much halogenated compound would be needed to reach the same level of flame retardancy.

Three grades of antimony trioxide

Jiefu is proud to offer three grades of antimony trioxide.

JIEFU KR grade antimony trioxide is suitable for almost all standard flame retardant and additive applications.

JIEFU Select is a higher purity grade of antimony trioxide compared to JIEFU KR. JIEFU Select can be used in flame retardant applications where lead levels are of concern, like in Europe to meet the requirements of the RoHS Directive. The Select grade is also used as a catalyst in PET production.

JIEFU's highest purity antimony trioxide product is JIEFU SP. JIEFU SP is suitable for highly lead and/or arsenic sensitive applications.

Product information

JIEFU KR, JIEFU Select, and JIEFU SP grades of antimony oxide are white, odorless, crystalline powders.

JIEFU offers flexible packaging options for all grades of our antimony trioxide. Standard packaging is available in 50 lb or 25 kg bags and in 2,000 lb or 1,000 kg supersacks. JIEFU can provide custom packaging upon request.

JIEFU brand antimony trioxide can be dampened with a variety of media including, but not limited to, ethylene glycol, diisodecyl phthalate (DIDP), and mineral oil.

Sunday, March 22, 2009

Chemtura's US firms go bankrupt after sales attempt fails

19 March 2009 22:09  [Source: ICIS news]

Chemtura runs out of timeHOUSTON (ICIS news)--Chemtura's US operations filed for bankruptcy protection after it ran out of time to sell off two businesses, said the company, whose shares were at 12 cents on Thursday.

Chemtura adopted the sales strategy after soaring feedstock costs and collapsed demand left it in danger of breaching its covenants, the company said in court filings.

On 30 December, Chemtura received a 90-day waiver on one of its credit agreements, buying it time to arrange a sale.

However, once the waiver expires, Chemtura would likely default on one of its loans, which would, in turn, trigger more defaults, the company said. 

Chemtura needed to either refinance its debt or sell off some of its businesses before the waiver expired, the company said.

The global financial crisis ruled out the possibility of refinancing $374m (€277m) in debt maturing in July, Chemtura said.

Instead, Chemtura would try to sell its entire crop-protection segment and its petroleum-additives business, the company said. Chemtura would then use the proceeds to pay off the bonds.

As recently as February, CEO Craig Rogerson said that the company could arrange the sale in time. By the end of March, Chemtura could announce a sale worth at least $700m, he said. 

At the time, bankruptcy appeared unlikely, Rogerson said.

Indeed, Chemtura selected several unnamed buyers to perform due diligence on each of the businesses, the company said.

However, some buyers began lowering their bids in light of the recession, Chemtura said. Others were concerned that Chemtura could not satisfy its end of a sales agreement. Some even withdrew their offers.

As a result, any sale arranged before the 30 March expiration date would not solve the company's problems with maturing debt and liquidity.

Moreover, extending the 90-day waiver was unlikely, given the dwindling prospects of a sale and Chemtura's shrinking liquidity, the company said.

Shares of Chemtura rose 2 cents on Thursday on the New York Stock Exchange.

($1 = €0.74)

Thursday, March 19, 2009

China's Lead, Zinc Sector to See Consolidation

BEIJING, Mar. 19 - China's non-ferrous industry is all set for a metamorphosis soon with the government also favouring wiping out of all small companies in the filed.

As a result China will soon witness all its lead and zinc refineries coming together under one or two big companies.

China's government  also supports such an integration. Otherwise also the global mining industry will undergo mega deals of as much as $10 billion this year as the economic downturn presents once-in-a-lifetime acquisition opportunities.

China's recent boosting plan for the non-ferrous industry stresses to support restructuring and integration of domestic leading lead and zinc enterprises.

The country also expects to wash out small zinc and lead plants with annual production capacity of no more than 400,000 tons in three years.

The sliding prices of lead and zinc will also help kick out some small refining enterprises.

Despite shrinking profits for lead and zinc enterprises, some large groups like Zhuzhou Smelter Group Co., Shenzhen Zhongjin Lingnan Nonfemet Co., Henan Yuguang Gold & Lead Co still have plans to expand production.

This reflects the fierce competition between these groups.

A slump in commodity demand and prices, coupled with a meltdown in global economic markets has driven down the share prices of many resource companies, making them cheap takeover targets.

In 2009, it is expected that niche deals will increase and a number of smaller $2 billion to $10 billion megadeals involving the mid-tiers.

The pace of consolidation would continue to be slower in the medium term due to financing challenges caused.

China-based companies and state-owned enterprises were actively shopping for once-in-a-lifetime acquisition opportunities, particularly in Australia and Canada.

China's state council has approved in principle a raft of policies, including investing in overseas resources, assets and companies, to encourage growth in its base metals sector, which includes metals other than iron, such as copper, aluminium, lead and zinc.

The two largest mining deals in 2008 were Chinalco's $14.3 billion purchase of a stake in Rio Tinto and Teck Cominco's $13.6 billion acquisition of a stake in Fording Canadian Coal Trust.

This was surpassed recently by Chinalco's proposed $19.5 billion investment in Rio Tinto to acquire stakes in a suite of assets and lift its shareholding in the company.

A sharp reduction in commodity inventories and a bias in global stimulus packages towards metal-intensive infrastructure spending may create a new imbalance towards a shortage of supply and push up prices.

Minmetals Seeks Metal Assets in South America, Southern Africa

March 12 (Bloomberg) - China Minmetals Corp., buying OZ Minerals Ltd. for A$2.6 billion ($1.7 billion), is seeking metal assets in South America and southern Africa, taking advantage of seven-year low commodity prices to secure supplies.

China's largest metals trader may also "do some domestic acquisitions" this year, President Zhou Zhongshu said today in Beijing. It is still waiting for approval from the Chinese government for its planned takeover of Australia's OZ Minerals, he also said.

Chinese state-owned companies agreed to invest $22 billion in commodity producers last month, securing iron ore, zinc and copper mines. The global financial crisis has dried up funding options for indebted companies including OZ Minerals.

"We're also looking at other areas such as in South America and southern Africa where we can purchase nonferrous metal assets," Zhou said while attending Chinese People's Political Consultative Conference.

State-owned Minmetals has applied for permission to buy Melbourne-based OZ Minerals through China's National Development Reform Commission, the country's top planner, Zhou said. It plans to use OZ Minerals as a base for its overseas business and will "inject assets" into the company should the takeover be successful, he said.

Minmetals will also need approval from the Australian government, which can block the deal on national interest ground.

OZ Minerals fell 0.8 percent to 60.5 Australian cents on the Australian exchange at 1:06 p.m. local time. Minmetals had offered 82.5 cents a share for the takeover.

China's Lead And Zinc Refineries Move Hard for Integration Despite Gov't Support

BEIJING, Mar. 16 - Analysts note that China's lead and zinc refineries are moving hard for integration despite the government's support, since large enterprises in the two sectors possess even strength and are unwilling to be incorporated into rivals in M&A.

China's recent boosting plan for the non-ferrous industry stresses to support restructuring and integration of domestic leading lead and zinc enterprises. It also expects to wash out small zinc and lead plants with annual production capacity of no more than 400,000 tons in three years.

Some analysts said that market is still the main force to eliminate lagging enterprises. Therefore the government's regulation may fail to speed up washing them out.

Insiders expect that the sliding prices of lead and zinc currently will help to kick out some small refining enterprises.

However, a researcher with Bohai Securities said that zinc enterprises all record their annual production capacity of at least 50,000 tons, and it's hard to find smaller ones. He added that the domestic zinc refineries are generally pillars for local coffers, making it harder for their merger.

Despite shrinking profits for lead and zinc enterprises, some large groups like Zhuzhou Smelter Group Co., Shenzhen Zhongjin Lingnan Nonfemet Co., Henan Yuguang Gold & Lead Co. still have plans to expand production.

This reflects the fierce competition between these groups, noted an analyst with Advanced Technology & Materials Co..

Lots of experts also hold unoptimistic view on M&A in lead and zinc sectors, saying leading enterprises in these industries may co-exist instead of integrating each other.

Sunday, March 15, 2009

Chinese steel market needs output cut

According to Mr He Yonghua GM of Shanghai Baoxia Metal Co market prices of construction grade steel products like rebar and wire rod continue to drop since February, making operators puzzled about the future market. Steel market was no likely to warm up without mills' production cut.

He considered that it was no easy to analyze the shape for the construction grade steel products trend of this year at this moment, however, the increasing growth of output exceeded that of the demand. Thus, oversupply would run through the whole year, leading to a stiff situation for steel market with weakening demand and rising resource.

Mr He Yonghua said "The root for rebar price decrease since Spring Festival in Shanghai is the unbalance of supply and demand. He noted, the stock was piling up at 0.6 million tonnes for mills' production capacity release. It is known that construction grade steel products prices bottomed out since last November hence lots of steelmakers turned to produce rebar, some of them even quitted producing slab. For those mills who had suspended their outputs before started to fully produce again."

Further more, the demand of construction grade steel products were heavily impacted by New Year's day and Spring Festival holiday as well as more than 15 rainy days since February. Rebar price tumbled all the time and the market price dropped to CNY 3200 per tonne on March 3rd and some transaction price only posted at CNY 3170 per tonne to CNY 3180 per tonne. It was possible slumped to CNY 3000 per tonne referring to the present trend.

He figured that the price rebound of construction grade steel products was mainly based on plants' efficient control of their production capacities, especially for rebar as its low investment. He added that "Yet, it is not easy to control mill's production release. Mid-and-small steelmakers would rush to produce products as soon as the market price edges up little. Of course, the price would fall back again or even be much cheaper later on just as the iterative rebar price drop only happened in one day on Shanghai market."

He said "The market in the H2 is expected to be relatively better than the first quarter of this year for China's stimulus package, which will take some time to reveal its value. In general, the best way to propel steel market at this very moment was to slash production actively." – Mysteel.net

World stainless steel output falls by 6.9%

The world stainless steel production reached 25.9 million metric tons (mmt) in 2008 according to preliminary figures released by the International Stainless Steel Forum (ISSF). The total is 6.9% lower than 2007 level. After a decrease of 2 % in 2007, this is the second year in a row that world stainless steel production has decreased.

Beyond the normal seasonal factors of the stainless steel industry, 2007 as well as 2008, turned out to have the same pattern: excellent first half, extremely depressed second half. The external raw materials price volatility and the overall worldwide economic situation added to the turmoil.

The first half of 2008 turned out as being quite positive. By the third quarter, the financial and economic crisis combined with a massive drop in raw material prices – nickel being no exception – struck massively all cyclical industries. Our industry did not escape, on the contrary. Due to overstocks, reduction of excess inventories bought at inflated prices, complete stop of purchases from distributors and some end users, in a matter of weeks we moved from a bright future to a gloomy environment

Overall stainless steel production in Asia w/o China declined by 10.3% to 8,1 mmt in 2008. Asia w/o China and China now account respectively around 31% and 27 % of the stainless steel produced in the world. Over the past few years China has been the driving force behind the growth in stainless steel production. However, in 2008 the country reduced production by 3.6% to 6.9 mmt.

The second biggest stainless producing area, Western Europe/Africa, reported a decrease in stainless steel production of 4.8% to 8.3 mmt in 2008.

The Americas region decreased stainless crude steel melting by 11.1% to 2.3 mmt. Production in the Central and Eastern Europe region declined by 8.6%, more than the world average. However, with production of just 333,000 tons in 2008, the region remains a minor player in world stainless steel production.

Comparing the individual quarters of 2007 and 2008 shows different patterns in each year. Production in the first two quarters of 2008 was slightly lower than in the same periods of 2007. The third quarter of 2008 showed a recovery of 7 % in production as demand from fabricators increased. However, the figures for the final quarter showed the full impact of the world economic crisis over the stainless steel industry. Production in the fourth quarter was down 30% to 4.8 mmt, the lowest quarterly production figure since the second quarter of 2004.

Over the past few years, the stainless steel market has seen major changes in the types of stainless produced. The sharp increase in nickel prices during 2006 and 2007 saw a shift away from chromium-nickel grades to low nickel or nickel-free grades. As a result, chromium stainless steels and chromium-manganese grades have become increasingly important. – Commodity Online

Wednesday, March 11, 2009

MANGANESE METAL LUMP Rotterdam WAREHOUSE ready cargo

We regularly store Electrolytic Manganese flakes,FEMN,MN METAL LUMPS,Magnesium Metal ...etc into Rotterdam&Baltimore warehouse.

PLZ  FIND OUR OFFER AS FOLLOWS:

Comm.:  MANGANESE METAL LUMP
Spec.: Mn 95%min; C 0.1% max; Si 0.8 % max; P 0.05% max; S 0.05% max
Size: 10-50 mm - 90%
Packing :  1 MT big bags
Q'ty: 131mt
Price: USD2250/MT DDU Rotterdam WAREHOUSE(ready cargo for Conditional release)
PAYMENT:T/T AT SIGHT

THIS OFFER WILL  OPEN TILL MARCH. 13TH 2009 AT 17:00 BEIJING TIME
Kindly pls let me know if you have price idea,we will do our best for support.
Hope to receive your further commands at an early date.

LOW CARBON FERRO MANGANESE

We regularly store Electrolytic Manganese flakes,FEMN,MN METAL LUMPS,Magnesium Metal ...etc into Rotterdam&Baltimore warehouse.

PLZ  FIND OUR OFFER AS FOLLOWS:

COMM.: LOW CARBON FERRO MANGANESE

SPEC: MN: 80% MIN, C: 0.5% MAX, S: 0.05% MAX, P: 0.2% MAX, SI: 1.0% MAX

SIZE: 10-50MM 90%MIN

PACKING: IN 1MT BIG BAGS

Qty: 100MT

Price term: USD2250/MT DDU ROTTERDAM WAREHOUSE(ready cargo for Conditional release)

Hope to receive your further commands at an early date.

Bismuth Ingot

Please find out the quotation for Bismuth Ingot and Sb ingot as below:
1. Antimony Ingot
 - Specification:
     Sb:99.65% min
  - Packing: In 1mt per pallet.
- Price:   USD 4500/MT, CFR Laredo.
               
2. Bismuth Ingot
 - Specification:
     Bi: 99.99% min. 
   - Packing: In 1mt per pallet.
- Price:   USD 6.5/lb.,  CFR Laredo.  
- Payment term:  Payment term: 50% T/T advance + 50% payment against copy of B/L
- Original: P. R. China
- Inspection: A.H.K.
-Validity: 5 days.
  Quotation date: march. 10, 2009.
 
Look forward to hearing from you soon.
Best regards.
Contact us!!!!!

MANGANESE lumps and Femn ready cargo Rotterdam warehouse

We are glad to make an offer for Mn lumps and Femn ready cargo Rotterdam warehouse :
1)

COMM.: LOW CARBON FERRO MANGANESE

SPEC: MN: 80% MIN, C: 0.5% MAX, S: 0.05% MAX, P: 0.2% MAX, SI: 1.0% MAX

SIZE: 10-50MM 90%MIN

PACKING: IN 1MT BIG BAGS

Qty: 100MT

Price term: USD2250/MT DDU ROTTERDAM WAREHOUSE(ready cargo for Conditional release)


2).

Comm.:  MANGANESE METAL LUMP
Spec.: Mn 95%min; C 0.1% max; Si 0.8 % max; P 0.05% max; S 0.05% max
Size: 10-50 mm - 90%
Packing :  1 MT big bags
Q'ty: 131mt
Price: USD2280/MT DDU Rotterdam WAREHOUSE(ready cargo for Conditional release)
PAYMENT:T/T AT SIGHT

 
THIS OFFER WILL  OPEN TILL MARCH. 13TH 2009 AT 17:00 BEIJING TIME
 
 
hope to receive your further commands at an early date.

THANKS AND BEST REGARDS

Brian

Gansu based ferrosilicon makers to get preferential electricity price

It is reported that Gansu has implemented new preferential electricity price recently to encourage production restart. The price for industrial use can fall by as much as CNY 0.08 per KWH. But producers doubt this and still hold a wait and see attitude since the policy is announced in a non-written way.

Most ferrosilicon producers in Baiyin reveal even price cut by 0.04 per KWH can not attract them to come back to the market as the production cost still stays above market prices. Besides, the policy is announced orally with unclear effect duration. As a result, producers are eager for bigger price drop as well as official written document.

Most ferrosilicon producers in Lanzhou have resumed production before February 20th and can not enjoy the preferential price according to the policy. But producers claim it is not easy for them to restart production so as to maintain social stability, hence they will strive for the preferential price and the negotiation with the government is now under way.

Although some small producers have also restarted operation before February 20th they are not as influential as those big ones, hence the electricity price adjustment is meaningless for them. They now mainly sell 75# ferrosilicon at CNY 5,500 per tonne and 72# FeSi at CNY 5,300 per tonne. However, ferrosilicon is expected to fall owing to electricity price cut.

Details of the adjustment have not been published yet. In the meanwhile it comes a bit strange as Inner Mongolia, Gansu's neighbor, has just removed preferential electricity price. Producers believe they can only foresee future trend after a period of wait-and-see as well as further negotiation with the government. – Mysteel.net

China's Chenzhou city plans metals reserves

Chenzhou, a city in central China's Hunan Province, plans to build up its own metals reserves, to support local metals companies, the city government said on its website.

The city plans to buy 2,000 tonnes of silver, 50,000 tonnes of lead, 50,000 tonnes of zinc, 5,000 tonnes of tungsten, 5,000 tonnes of tin and 3,000 tonnes of bismuth this year, Hunan Online an official news site said.

But the city has not started purchases, and prices and timing have yet to be decided.

"It is just an intention," said an official at the city's government, who declined to be named.

Chenzhou, rich in mining resources, was hit hard during the unusual snow storms in early 2008.

China's Yunnan province launched its plan to support local firms by buying nonferrous metals in December.

To help metal firms in a dire situation after commodities prices collapsed, China's State Reserves Bureau has been buying various metals, including copper, aluminium, zinc and nickel. – Alibaba News Channel

Hunan stockpile planned

Chenzhou, a city in central China's Hunan Province, plans to build up its own metals reserves, to support local metals companies, Reuters reported. An official website reported a plan to buy 5,000 tonnes of tin, along with varying quantities of silver, lead, zinc, tungsten and bismuth. But the city has not started purchases, and prices and timing have yet to be decided. "It is just an intention," said an official at the city's government, who declined to be named.

Hunan is now China's second largest provincial producer of tin, after Yunnan. Provisional CNIA data shows 2008 refined tin output of 22,843 tonnes, just ahead of Guangxi (21,586 tonnes) but well behind Yunnan (73,809 tonnes). Yunnan announced a metals stockpiling plan last December and could acquire or arrange financing for up to 30,000 tonnes of tin this year. The provincial initiatives are paralleled by central government stockpiling via the State Reserve Bureau, although no tin has been bought by the SRB, which has focused on aluminium, copper, zinc and nickel – ITRI

Metorex will shut or sell antimony mine

Terence Goodlace, the Chief Executive Officer said, 'Metorex has experienced difficult times over the last six months driven by rapidly declining commodity prices in conjunction with major investment programmes in an inflationary environment. This led to the successful capital raising of R922 million over December 2008 and further decisive action to address challenges and refocus the strategy of the Company. This includes delivery of the Ruashi II project in the DRC, restoring the strength of the balance sheet and pursuing opportunities to further diversify the commodity and geographic mix of the Metorex portfolio. The Group has a declining capital expenditure profile which will go a long way to improving the current cash position of the company. Human resources and appropriate technical skills have been injected into the businesses and we are firmly focused on improving operational performance. We are totally committed to meeting current and future strategic imperatives and I believe there is a solid foundation and the right leadership in place to steer the company through these uncertain times.'

Summary

Metorex's strategy of developing a balanced portfolio of commodities proved itself again in the difficult conditions prevailing during the period under review. Excellent performances from the Group's established gold and fluorspar operations offset lower profitability from the established base metal operations as a consequence of sharply lower base metal prices.

Unfortunately, significant cost overruns and technical challenges at Ruashi Mining sprl ('Ruashi') resulted in the Group facing the economic downturn with excessive debt finance. Poor project management and weak reporting and planning disciplines exacerbated a situation which would otherwise have been addressed in a pre-emptive fashion in a more stable financial environment. Nonetheless, a successful capital raising of R744 million from the issue of fresh equity and bridging loan of R178 million was completed in December 2008, to provide the funds required to complete the Ruashi project capital programme.

Consolidated Murchison Mine is currently being significantly down-scaled and prepared for care and maintenance or disposal at a cost of approximately R100 million – R140 million. These costs, servicing costs and bridging finance loan repayments from the Standard Bank of South Africa, together with uncertainties regarding commodity prices and the ramp-up to full production at Ruashi will result in the Group needing further funding.

To address this and to reduce Group debt to acceptable levels, a programme to dispose of non-core assets, to raise project-specific funds to develop the Group's high-grade Democratic Republic of the Congo ('DRC') copper assets and reduce debt at project level and to progress corporate transactions with entities with synergistic cash-flow, growth and commodity/geographic portfolios has commenced and is making encouraging progress.

Finally, decisive improvements to the Group's core executive and operational team and corporate disciplines have been and, continue to be, made.

Antimony

Consolidated Murchison              2008      2007      2006      2005

Tons milled (t) 181 046 152 098 213 260 225 733

Produced: Sb (mtu) 150 371 158 995 201 132 341 289

Au (kg) 234 223 278 372

Sold: Sb (mtu) 130 605 163 038 191 800 326 041

Au (kg) 241 235 279 370

Total cash cost/mtu sold* (R/mtu) 613 421 333 174

Mining profit before (R'000) (14 850) (6 085) 10 297 22 792

depreciation

Depreciation (R'000) 6 300 3 000 2 400 1 980

*Net of gold revenue.

As noted above, this business is faced with serious problems. Demand for its primary product, antimony, has effectively disappeared and the division's major customer has defaulted on offtake contractual commitments. It is uneconomic to rely solely on its gold production. Consolidated Murchison is currently being significantly down-scaled and prepared for care and maintenance or disposal at a cost of approximately R100 million – R140 million. This includes the cost of injudicious historic gold hedging contracts at a cost of approximately R52 million. – Press Release

Antimony Trisulfide

We are pleased to send offer as follows:
( Our offer base on Sieve residue, 200 mesh: 2.0% max )
 

Re: Antimony Trisulfide  H.S.Code:283090

CAS Number 1345-04-6 
Molecular Formula Sb2S3
Spec: 
Sb2S3: 95% min 
Appearance :  grey lusterous black crystalline powder
Sb (Antimony):  69%-70% 
S: 26% min
Pb (Lead): 0.50% max
As (Arsenic) : 0.40% max
Moisture H2O: 2.0% max
Sieve residue, 200 mesh: 2.0% max
Packed in the composite woven bag with net weight 25kg.  20MTS (1X20'FCL,  800bags)
Price at USD3200/mt FOB Shanghai, or USD3300/mt CIF New York
 
Re: Antimony Trisulfide  H.S.Code:283090
Assay SbS: 80-83% min
Appearance : grey lusterous black crystalline powder
Substance/formula  Sb2S3
Sb (Antimony): ab.56-61%
S (Sulfur) : ab.22-26%
Pb (Lead) : 0.50%max
As (Arsenic):  0.40%max
Moisture H2O: 2.0%max
Insoluble matter in H2O -
Particle size, aver. -
Sieve residue, 200 mesh: 2.0% max
 
Packing in 25kgs/50kgs/Bag.    20-22mt/FCL 
Quantity: 2--5FCLS
Price at USD2700/mt FOB Shanghai, or USD2800/mt CIF New York
 
Re:Antimony Trisulfide
20MTS (1X20'FCL,  800bags) 
Spec: 
Assay: 90% min 
Appearance :  grey lusterous black crystalline powder
Sb (Antimony): 64% min 
S: 26% min
Pb (Lead): 0.50% max
As (Arsenic) : 0.40% max
Moisture H2O: 2.0% max
Sieve residue, 200 mesh: 2.0% max
Packed in the composite woven bag with net weight 25kg.
Price at USD2950/mt FOB Shanghai, or USD3050/mt CIF New York
 
Re:Antimony Trisulfide
Total contents Sb2S3    75 - 82 %
The contents of antimony (Sb)    54 - 58 %              
Moistre  a maximum of  2 %
Sieve residue, 200 mesh: 2.0% max
Appereance   the grey - black powder
Packing in 25kgs/50kgs/Bag.    20-22mt/FCL 
Price at USD2600/mt FOB Shanghai, or USD2700/mt CIF New York
 
The manufacturer are the main plant  in China.  

Pls let us know if you are interesting in it. Tks.

Wednesday, March 4, 2009

Owing to fallen price of Mn-ore, prices of manganese ferro-alloys are anticipated to fall

Consumers Have Felt Anxiety For Violent Fluctuations Of Manganese Ore Price

It has passed two weeks, since a major manganese mine of Australia proposed regular consumers of China to reduce price of manganese ore by a shocking large extent (by 65%). Other major manganese mines, such as South African mines, followed this considerable reduction of price for manganese ore and also offered their price of manganese ore for Chinese customers accordingly to conclude concrete contracts. The negotiations with regular consumers in China on price of manganese ore were in dormant for nearly 6 months but suddenly started to import again manganese ore from overseas sources.

Also, the actual cargoes of manganese ore imported into China and stocked at warehouses in wharves of Tianjin and Zhanjiang Cities have suddenly become active from the beginning of February and the excessive stocks are decreasing. However, in consequence of that the price of medium grade manganese ore for regular consumers of China has been offered at US$5.50 – 5.65 per Mn 1% CIF, spot cargoes of manganese ore were once positively transacted at US$7 – 8 per Mn 1% until the middle of February but these prices have fallen to the levels offered for regular consumers.

There is a strong view in the market that, as price of manganese ore to import into China has fallen, market prices of manganese ferro-alloys produced in China will be depressed again. When Chinese producers are able to purchase medium grade manganese ore at US$5.50 – 5.65 per Mn 1% CIF, the cost to produce silico-manganese for export in China is estimated to be US$1,400 per metric ton. In view of the current market price for export of Chinese silico-manganese, this price of US$1,400 is thought to be profitable for the production.

The price of Chinese silico-manganese for export prevailed in the middle of February was on a level of US$1,400 – 1,450 per metric ton CIF Japan but, in accordance with a considerable fall of price for manganese ore to be imported into China as raw material, Chinese plants, which produce manganese ferro-alloys but have been shut down for the time being, are currently in the direction to resume its operations. Also, Indian silico-manganese has an advantage to be able to apply for preferential duty and, by means of utilizing this merit, is now being offered at US$1,100 per metric ton CIF Japan with a lower offer of US$1,000 CIF. India has now turned to the country to import manganese ore and, as far as raw material is concerned, India has taken the same stance as that of China.

Nevertheless, many cargoes of manganese ore stocked at Chinese producers have been purchased at higher prices (on a level of US$16 per Mn 1% CIF as contracted for shipments in July – September quarter of 2008) and, therefore, the cost to use raw material is unable to be reduced immediately. However, in anticipation of a reduction in cost for production, Chinese prices of manganese ferro-alloys are supposed to move.

On the other hand, part of manganese mines in Brazil and medium and small manganese mines in Malaysia, and so on are thought to have less power to be competitive for their cost on CIF China base. Therefore, these manganese mines will be inevitable to face a desperate battle on a long run. Some of Brazilian manganese mines have already declined to take place new negotiations at the stage, which price of manganese ore has fallen considerably.

A certain part of medium and small manganese mines has relied on the market of China for their sales of manganese ore but, from a long point of view, this business seems to have a possibility to taper in the near future. Also, there is an opinion in the market that even low or medium grade manganese ore newly developed and mined in Shishen -Kalahari area of South Africa will be involved in hard competition on sales of manganese ore for China.

This aspect means that only major manganese mines in Australia, South Africa, Gabon and Brazil are able to develop advantageously, and, from a long point of view, market price of manganese ore has been left with a factor to strengthen a sharp rise. Namely, it will become hopeless to stabilize price of manganese ore as raw material for a long period. On the contrary to an expectation from consumers, price of manganese ore is supposed to have a possibility to revert to a high volatility for the future.

For a reference, the price of manganese ore offered newly to Chinese side in this time is said by shippers' side to be applied to shipments in February – March but consumers' side has understood that this price as offered will be actually flowed into shipments in April – June quarter. Particularly, as a result of the reduced steel production, blast furnace mills and ferro-alloy producers in Japan have held a large quantity of manganese ore as stocked and, therefore, the negotiations with them on price of manganese ore for shipments in the fiscal year of 2009 (April 2009 to March 2010) are anticipated to be taken place with a long delay. – TEX Report