7 Jul 10 – Sources revealed that antimony ingot supply is very tight in Chinese spot market. Some antimony ingot exporters stopped offering and antimony trioxide producers are reluctant to accept new orders as they can not get antimony ingot.
An antimony trioxide producer based in Guangxi, with an output of around 1,000tpm, reported that they sold tens of tons of antimony trioxide 99.8%min at RMB52,000-52,500/t ex works late last week. They raised their price to RMB53,000/t ex works for antimony trioxide 99.8%min as antimony ingot price is rising.
"We mainly purchase high grade antimony ingot from Hunan to produce antimony trioxide 99.8%min. This week, our suppliers in Hunan raised their prices to RMB58,500-59,000/t ex works for antimony ingot, and they only sell limited amount to their long-term customers" said the source. The source turned down some orders from new consumers as they do not have much of antimony ingot at hand and can not get the material from their suppliers.
Another antimony trioxide producer based in Guangxi, who has an output of around 200tpm, confirmed that antimony ingot supply is very tight in domestic market, and told Asian Metal that their long-term suppliers in Hunan offered them RMB58,500-59,000/t ex works for antimony ingot this week. "We sold antimony trioxide 99.8%min at RMB53,000-54,000/t ex works," remarked the source.
According to the source, two of the major antimony products producers in Hunan sold around 1,800t of antimony ingot to ease the pressure of capital turnover when the price was decreasing from RMB58,000/t to RMB53,000/t ex works in June. "Many antimony ingot producers in Hunan do not have much of the material at hand, so they raise the prices crazily," said the source. Additionally, Guangxi was hit by rainstorm during last month, and the output of antimony concentrate in Guangxi was affected to some extend. Therefore, antimony ingot supply is tight in domestic market.
Close sources reported to Asian Metal that some antimony ingot exporters suspend offering as they can not get the material in domestic market.
Friday, July 9, 2010
Antimony ingot producer eager to buy antimony concentrate
8 Jul 10 – Antimony ingot producers reported that they are eager to buy in antimony concentrate as they received many orders, but do not have antimony concentrate in stock..
A Yunnan-based antimony ingot producer told Asian Metal that they sold around 220t of antimony ingot 99.85%min at RMB56,000-58,000/t ex works early this week, and have around 200t of the material at hand at present. "We receive many orders this week, but do not have much of antimony concentrate to produce more antimony ingot, so we are eager to purchase antimony concentrate," said the source.
According to the source, they mainly purchase antimony concentrate with more than 30%min antimony, and accept cash payment if only the supplier supplies spot goods with good quality and large quantity.
An antimony ingot producer based in Guangxi revealed that they offer RMB56,000-57,000/t ex works for antimony ingot 99.65%min at present, and sold around 200t of the material at RMB55,000/t ex works early this week. Now the source holds around 2,000t of the material at hand. "We sell around 100t or 200t of antimony ingot at a time," said the source, they seldom accept small orders.
The source thinks antimony ingot price will increase in the near future, and they hold not much of antimony concentrate, so they are eager to purchase antimony concentrate and accept RMB300-310/mtu for antimony concentrate with 30%min antimony.
A Yunnan-based antimony ingot producer told Asian Metal that they sold around 220t of antimony ingot 99.85%min at RMB56,000-58,000/t ex works early this week, and have around 200t of the material at hand at present. "We receive many orders this week, but do not have much of antimony concentrate to produce more antimony ingot, so we are eager to purchase antimony concentrate," said the source.
According to the source, they mainly purchase antimony concentrate with more than 30%min antimony, and accept cash payment if only the supplier supplies spot goods with good quality and large quantity.
An antimony ingot producer based in Guangxi revealed that they offer RMB56,000-57,000/t ex works for antimony ingot 99.65%min at present, and sold around 200t of the material at RMB55,000/t ex works early this week. Now the source holds around 2,000t of the material at hand. "We sell around 100t or 200t of antimony ingot at a time," said the source, they seldom accept small orders.
The source thinks antimony ingot price will increase in the near future, and they hold not much of antimony concentrate, so they are eager to purchase antimony concentrate and accept RMB300-310/mtu for antimony concentrate with 30%min antimony.
Antimony trioxide exporters suspend quoting
9 Jul 10 – Antimony trioxide exporters reported to Asian Metal that they suspend offering as they do not have the material at hand.
A Guangdong-based antimony trioxide producer, with an output of around 400tpm, stated that they stopped offering as they do not have antimony trioxide in stock, and it is difficult to get antimony ingot in domestic market as many antimony ingot producers do not hold spot goods. "We just got 30t of antimony ingot 99.85%min at RMB58,000/t ex works from a long-term supplier in Yunnan," said the source, revealing that antimony ingot price jumps this week.
According to the source, they exported around 100t of antimony trioxide during the last week of June, and the price was around USD7,500-7,600/t FOB China at that moment. However, antimony ingot price is so high now, if we hold antimony trioxide, then our offer will be above USD8,000/t FOB China.
Another source from a Guizhou-based antimony trioxide producer, with an export volume of more than 2,000tpy, revealed that they ceased offering as they do not have antimony trioxide at hand. "We had consumed our stock two weeks ago, but the price went up when we planned to buy in some antimony trioxide. Meanwhile, we used up our export quota for the first half of year, so did not replenish stock," said the source.
The source also claimed that they came to a supplier in Hunan for antimony ingot on Wednesday, but the supplier revealed that they did not have much spot material and just gave them 30t at RMB59,000/t ex works.
A Guangdong-based antimony trioxide producer, with an output of around 400tpm, stated that they stopped offering as they do not have antimony trioxide in stock, and it is difficult to get antimony ingot in domestic market as many antimony ingot producers do not hold spot goods. "We just got 30t of antimony ingot 99.85%min at RMB58,000/t ex works from a long-term supplier in Yunnan," said the source, revealing that antimony ingot price jumps this week.
According to the source, they exported around 100t of antimony trioxide during the last week of June, and the price was around USD7,500-7,600/t FOB China at that moment. However, antimony ingot price is so high now, if we hold antimony trioxide, then our offer will be above USD8,000/t FOB China.
Another source from a Guizhou-based antimony trioxide producer, with an export volume of more than 2,000tpy, revealed that they ceased offering as they do not have antimony trioxide at hand. "We had consumed our stock two weeks ago, but the price went up when we planned to buy in some antimony trioxide. Meanwhile, we used up our export quota for the first half of year, so did not replenish stock," said the source.
The source also claimed that they came to a supplier in Hunan for antimony ingot on Wednesday, but the supplier revealed that they did not have much spot material and just gave them 30t at RMB59,000/t ex works.
Monday, June 21, 2010
Some ferromolybdenum producers still out of production
Though the ferromolybdenum price didn't go down further and the molybdenum market seems to be bottom out, many Chinese ferromolybdenum producers are still hesitant to resume production, preferring to watch for the market to become clear and stable.
With a production capacity of 6,000tpy, a Liaoning-based producer told Asian Metal that they have been out of production of ferromolybdenum for about two months and still have no intension to resume at the present.
Holding more than 2 containers of molyoxide from a long contract in China ports, the source lamented that the cost of the materials is as high as USD17.00/lb. "The domestic market remains rough," said the source.
Another Shandong-based producer, with a production capacity of 200tpm, stopped the production of ferromolybdenum last month and still has no plan to resume in the near term. The source confirmed the stable price of ferromolybdenum 60% at RMB130,000/t (USD31.72/kg Mo) but added that there was still no profit margin left for them.
"Many Chinese ferromolybdenum producers are still out of production," said the source. "The ferromolybdenum price may go up along with the raw material increasing, but it is still likely that the selling price of ferromolybdenum is lower than the real cost."
Chinese ferromolybdenum producers still watching
As the molybdenum price is moving up in overseas market, Chinese ferromolybdenum producers stopped lowering offers these days. While some Chinese producers are still out of production, watching and waiting for a workable price, and the mainstream price is indicating at RMB130,000/t (USD31.72/kg Mo) for ferromolybdenum 60% for the moment.
A Liaoning-based producers with a production capacity of 400-500tpm told Asian Metal that they didn't make offers for ferromolybdenum in the past weeks on account of low concluded prices.
"Though we import molyoxide by long-term contract for production, the profit of selling ferromolybdenum at RMB130,000/t (USD31.72/kg Mo) remains thin," said the source, who prefers to watch for another week.
Another Henan-based producer with a production capacity of 8,000tpy didn't make offers for ferromolybdenum in spot market these days either. The source always participates in the tenders held by major Chinese steel mills, disclosing that they are producing the materials booked by Baosteel last week.
Moreover, many Chinese special steel mills, who usually buy 20-50t of ferromolybdenum every month, claims that they still have enough inventories of the material in stock as they are overhauling, so the latest purchase should happen next week or later.
Manganese flake market still in thin trading
It is reported that manganese flake market is still pretty thin, though manganese flake price increased a little before the Dragon Boat Festival in China. Many stainless steel mills have been out of production and most manganese flake consumers do not want to buy any more at the moment.
A source from a Hunan-based manganese flake smelter, who decreased the monthly output to 3,000t from 4,500t, revealed to Asian Metal that manganese flake price is in the range of RMB14,500-14,600/t (USD2,123-2,138/t) ex works, and the domestic market still does not see more deals. "The powder price rising can push up the manganese flake price a bit, and it is expected that the market may see more deals after the festival," said the source.
Offering USD2,700-2,750/t FOB China for manganese flake now, the source complained that there are still lots of materials available in Rotterdam warehouse, and only few inquiries from overseas market are received.
With an output of about 2,000tpm of manganese lump and ferromanganese, another source in Hunan province disclosed to Asian Metal that he will decrease the output when he concludes the orders signed before. "Many steel mills halted production, and I don't want to replenish stocks any more in the coming days for no new order on hand," shared the source, claiming that the manganese flake price is about RMB14,500/t (USD2,123/t) ex works.
According to the source, though powder price increasing in Hunan pushed up the manganese flake price a bit, downstream consumers are still watching the market instead of replenishing stocks. Putting about RMB15,400/t (USD2,255/t) ex works for manganese lump, he does not sign any order this week.
Manganese flake price rebounds in China
It is reported that as the powder price rises in Hunan, Sichuan, and Guangxi province, and most smelters have been out of production, manganese flake price rebounds slowly in Chinese market. Some smelters who still hold stocks at hand are holding back from selling and waiting for the market to be clear.
With a monthly output of 600t in Hunan and Guangxi respectively, a source from manganese smelter revealed that currently, the manganese flake price rebounds to about RMB14,600/t (USD2,138/t) ex works, from RMB14,400/t (USD2,108/t) ex works of early this week, and he has been out of production for the environment protection. "I only have one factory operating in Guangxi now with an output of around 600tpm, and am unwilling to sign any order at current price for the high production cost," shared the source, still holding stocks on hand.
Since he last made an export deal of 204t with a Japanese customer at USD2,820/t FOB China on May 25, the source has not signed any new order yet so far, offering USD2,750-2,780/t FOB China for manganese flake.
Another source from manganese flake smelter in Chongqing, who has decreased the output to 800tpm from 1,500tpm, told Asian Metal that the manganese flake price climbs up slowly to RMB14,500-14,600/t (USD2,123-2,138/t) ex works, up by about RMB200/t (USD29/t) against that of early this week, but the consumers are still inactive to buy now. "The powder price rising is the main reason that pushes up the manganese flake price, and the stainless steel consumers still have little intention of replenishing stocks now," said the source, predicting the manganese price will continue to rebound in the coming week.
According to the source, the powder price rose to RMB0.63/kWh up by RMB0.12/kWh in Hunan, and it also increased up by RMB0.05/kWh in Guangxi. Many smelters in Guangxi halted production, and some major smelters decreased production with the weak demand. In addition, he does not give an export offer, for no inquiries from overseas market are received.
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