Antimony ingot producers hold price firm

Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000t USD8,346t ex works for antimony ingot since last week," the source said.Asian Metal Copyright

A source from an antimony ingot smelter in Hunan, with an annual capacity of around 7,000t, reported that they turned down any bids at below RMB57,000/t (USD8,346/t) ex works.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.Asian Metal Copyright "Although antimony trioxide producers are grudging in making purchase for the dipping price in spot market, we maintained the offer of RMB57,000/t (USD8,346/t) ex works for antimony ingot since last week," the source said.Asian Metal Copyright" Similarly, the source thinks the export market of antimony ingot will see more inquires in the near future and the price will rise further as foreign buyer will make purchases before they leave for summer holiday.Asian Metal Copyright

Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright A source from another smelter in South China with an annual capacity of around 10,000t, reported that they hold their antimony ingot price at RMB56,000t USD8,199t ex weeks this week.Asian Metal Copyright "We has an order of 200t of antimony ingot signed at RMB62,000/t (USD9,076/t) ex works in May, which has not been finished.Asian Metal Copyright Furthermore, the source confirmed that some large antimony ingot producers in Hunan are operating their long term contracts at present and also hold their prices firm in spot market.Asian Metal Copyright"

According to the source, the smelter just resumed production after the environmental check in May, and will finish the order in mid-June.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal Copyright "I don't have much antimony ingot inventory, and only hold around 800 metal ton of antimony concentrate in stock," the source said, believing that antimony ingot price will rise a little soon for the coming summer holiday in Europe.Asian Metal CopyrightBEIJING（Asian Metal）4 Jun 10 – Antimony ingot producers hold price firm in spot market with the expectation of further rise in the coming two weeks.