According to the participants, although there were fewer deals in antimony market of Russia during summer holidays, the price increased in Russian market as at the same time, the antimony ingot prices rose in China and Europe due to the tense supply in China and the local suppliers in Russia received more inquiries. This week the price of antimony ingot 99.65%min increased to RUB195-200/kg (USD 7,985-8,190/t) d.d.p., by RUB10/kg (USD410/t)'s from RUB185-190/kg (USD7,575-7,780/t) last week.
AsA supplier in Russia said, the local spot market was active this week, with more inquiries from the purchasers due to the price rising of antimony ingot in the world market. The source produces 150-200 tons per month, among which, about 80 tons are exported to other European countries, and the rest are sold to the local spot markets. The source also revealed, currently, their offer for antimony ingot 99.65%min for exports is USD6,800/t CIF Rotterdam, unchanged from last week; however, offers for the domestic market has risen from RUB195/kg (USD 7,985/t) last week to RUB205/kg (USD 8,395/t) this week. The source also disclosed that, as participants should pay for18% of value added tax in local market, the price in domestic market is much higher than the export price.
The source sold 10 tons of antimony ingot 99.65%min at USB198/kg (USD8,108/t) d.d.p. "The antimony price increased in China due to the tight supply of antimony concentrate and antimony ingot, and as most antimony ingots in Russia are imported from China, the local antimony ingot price increases accordingly." he said.
The source believes, the antimony ingot price in Russia is likely to increase up to RUB220/kg (USD9010/t) before the summer holidays ends at the end of August, and is probably to rise up to USD7,000/t in Europe.
A trader in Russia received an offer for antimony ingot 99.65%min of USD6,800/t CIF New Siberia from Chinese suppliers, USD100/t's higher than USD6,700/t of last week. The source said, at the moment, the price for antimony ingot 99.65%min is at around RUB200/kg (USD8,190/t) in the local spot market, up by RUB10/kg from RUB190/kg last week.
The source holds, the main reason for the price increasing of antimony ingot is the export price increasing in China due to the tight supply of antimony concentrate; and as most traders in Russia purchase antimony metal from China, the import price for the materials increased and thus the local price went up accordingly.
AsA supplier in Russia said, the local spot market was active this week, with more inquiries from the purchasers due to the price rising of antimony ingot in the world market. The source produces 150-200 tons per month, among which, about 80 tons are exported to other European countries, and the rest are sold to the local spot markets. The source also revealed, currently, their offer for antimony ingot 99.65%min for exports is USD6,800/t CIF Rotterdam, unchanged from last week; however, offers for the domestic market has risen from RUB195/kg (USD 7,985/t) last week to RUB205/kg (USD 8,395/t) this week. The source also disclosed that, as participants should pay for18% of value added tax in local market, the price in domestic market is much higher than the export price.
The source sold 10 tons of antimony ingot 99.65%min at USB198/kg (USD8,108/t) d.d.p. "The antimony price increased in China due to the tight supply of antimony concentrate and antimony ingot, and as most antimony ingots in Russia are imported from China, the local antimony ingot price increases accordingly." he said.
The source believes, the antimony ingot price in Russia is likely to increase up to RUB220/kg (USD9010/t) before the summer holidays ends at the end of August, and is probably to rise up to USD7,000/t in Europe.
A trader in Russia received an offer for antimony ingot 99.65%min of USD6,800/t CIF New Siberia from Chinese suppliers, USD100/t's higher than USD6,700/t of last week. The source said, at the moment, the price for antimony ingot 99.65%min is at around RUB200/kg (USD8,190/t) in the local spot market, up by RUB10/kg from RUB190/kg last week.
The source holds, the main reason for the price increasing of antimony ingot is the export price increasing in China due to the tight supply of antimony concentrate; and as most traders in Russia purchase antimony metal from China, the import price for the materials increased and thus the local price went up accordingly.
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