Antimony producers shared with Asian Metal that inquiries are decreasing as many downstream consumers are reluctant to buy in at present price level, and they just purchase small amount when they need
A Guangxi-based producer, with a monthly output of around 1,000t of antimony trioxide, sold 15t of the material at RMB57,000-58,000/t (USD8,346-8,492/t) ex works at the end of April . However, after the May Day, he received few inquiries . Currently he offered RMB58,000/t (USD8,492/t) ex works for antimony trioxide, but no deal is concluded at this rate .
The source predicts that the price will decrease slightly in the short term in May as few deals can be concluded at current price level . Additionally, the flood season is coming in Guangxi and Hunan Provinces, and then it will be hard to deliver goods . However, antimony ingot diminished quickly after smelters stopped production in Lengshuijiang area . Now antimony ingot supply is tight, so antimony trioxide price won't decrease dramatically .
Another Guangxi-based producer sold a total of around 100t of antimony trioxide 99 . 95%min at RMB60,000/t (USD8,785/t) ex works respectively last Wednesday and on Monday . Now he offered RMB61,000-62,000/t (USD8,931-9,078/t) ex works, but no deal is conclude at this price .
The source also predicts that antimony trioxide price will decrease slightly in the short term as many downstream consumers are reluctant to purchase at present price level .
. Wednesday, May 19, 2010
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