Antimony ingot prices firm with slow activity

Antimony ingot prices keep firm supported by tight material availability, but slow activity is seen in the market as many buyers are not ready to accept higher-than-expected price.Asian Metal Copyright "In view of current situation, we would not sell antimony ingot at below RMB68,000t USD10,015t ex works," said the source.Asian Metal Copyright

A Hunan-based producer ceased offering since he sold around 20t of antimony ingot 99.Asian Metal Copyright "In view of current situation, we would not sell antimony ingot at below RMB68,000t USD10,015t ex works," said the source.Asian Metal Copyright65%min at RMB65,000/t (USD9.Asian Metal Copyright65%min at RMB65,000t USD9.Asian Metal Copyright573/t) ex works at the beginning of this week.Asian Metal Copyright With less than 50t of antimony ingot in stock, the source intends not to make any sales except that long-term customers require earnestly for replacement.Asian Metal Copyright The source has not planed to release more materials from stock in view of higher offers in the market.Asian Metal Copyright A Hunan-based producer ceased offering since he sold around 20t of antimony ingot 99.Asian Metal Copyright According to the source, some producers in Hunan have lifted offers to RMB67,000-68,000/t (USD9,867-10,015/t) ex works and expect the price to touch RMB70,000/t (USD10,309/t) ex works in the short run.Asian Metal Copyright The source has not planed to release more materials from stock in view of higher offers in the market.Asian Metal Copyright

"I'm sure the antimony market will keep largely strong in the following one month with price possible hitting new highs, but the price is likely to drop immediately after major producers in Lengshuijiang resume production," said the source.Asian Metal Copyright A Hunan-based producer ceased offering since he sold around 20t of antimony ingot 99.Asian Metal Copyright

The source revealed that they are also out of production for anti-environment performance and when will be able to restart is still unknown.Asian Metal Copyright The source revealed that they are also out of production for anti-environment performance and when will be able to restart is still unknown.Asian Metal Copyright "Perhaps in October," the source added.Asian Metal Copyright The source revealed that supply for both antimony ingot and antimony concentrate tightens, which is considered the primary reason for the price jump of antimony products.Asian Metal Copyright

With less than 50t of antimony ingot in stock, the source intends not to make any sales except that long-term customers require earnestly for replacement.Asian Metal Copyright "Perhaps in October," the source added.Asian Metal Copyright

A Yunnan-based producer has just completed a sale of one truckload at RMB63,000/t (USD9,278/t) ex works contracted one week ago and plans to watch the market for a few days before making new sales.Asian Metal Copyright He acknowledged that many buyers are hesitant to make purchases as the price rises too fast, and thus the market seems a little quiet, but he is confident of firming price in the rest of August.Asian Metal Copyright "In view of current situation, we would not sell antimony ingot at below RMB68,000/t (USD10,015/t) ex works," said the source.Asian Metal Copyright A Hunan-based producer ceased offering since he sold around 20t of antimony ingot 99.Asian Metal Copyright

The source revealed that supply for both antimony ingot and antimony concentrate tightens, which is considered the primary reason for the price jump of antimony products.Asian Metal Copyright Smelter closures in Lengshuijiang continue, and some of those based in other producing areas also reduced or stopped production for maintenance recently.Asian Metal Copyright Smelter closures in Lengshuijiang continue, and some of those based in other producing areas also reduced or stopped production for maintenance recently.Asian Metal Copyright573t ex works at the beginning of this week.Asian Metal Copyright Therefore, antimony ingot supply turns tighter.Asian Metal CopyrightBEIJING Asian Metal 20 Aug 10 – Antimony ingot prices keep firm supported by tight material availability, but slow activity is seen in the market as many buyers are not ready to accept higher-than-expected price.Asian Metal Copyright Besides, the market is still seeing a shortage of antimony concentrate, leaving some antimony ingot producers in trouble with production.Asian Metal Copyright Besides, the market is still seeing a shortage of antimony concentrate, leaving some antimony ingot producers in trouble with production.Asian Metal Copyright

With its own mine, the source maintains an output of around 300tpm of antimony ingot.Asian Metal Copyright A Hunan-based producer ceased offering since he sold around 20t of antimony ingot 99.Asian Metal Copyright He acknowledged that many buyers are hesitant to make purchases as the price rises too fast, and thus the market seems a little quiet, but he is confident of firming price in the rest of August.Asian Metal Copyright Therefore, antimony ingot supply turns tighter.