Antimony ingot suppliers stop offering

BEIJING (Asian Metal) 28 Dec 12 – The New Year holiday (around 1st January 2013) is coming and many suppliers stop offering at this moment, claiming the present price is profitless and it is too late to sell the material for getting capital turnover now.

A Hunan-based producer with an output of around 300tpm told Asian Metal that he sold a batch of antimony ingot 99.65%min at RMB67,500/t (USD10,835/t) delivered early this week and stopped offering in previous day. "Buyers are inactive in making replacing as a pessimistic attitude spreads around the spot market, and some market insiders do not have confidence in the market rebound after the New Year holiday," said the source.

The source holds around 400t of antimony ingot in stock now, and holds a watchful attitude toward the market after the New Year holiday.

A Guangdong-based consumer who purchases around 120-160tpm reported to Asian Metal that his supplier refused to offer for antimony ingot 99.65%min at this moment. "They are busy with the clearance for the year and waiting for the New Year holiday at the same time," said the source, adding that the supplier offers RMB67,000/t (USD10,754/t) ex works for antimony ingot 99.65%min early this week.

The source claimed that some smelters will stop for maintenance after the New Year holiday as most of them have stocks and the Spring Festival holiday (February 9-15th) is coming.

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