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Antimony ingot price keeps stable and the downstream market is still weak

Writer:JIEFU       Date:2014/6/19 11:24:44

        Recently, antimony ingot price remains stable with mainstream prices between RMB55,000-57,500. Quantity of antimony ingot inventory by The FANYA Metal Exchange purchasing has reached 2171.98 ton, but it has not yet a significant influence on the price of antimony market. It is said that the operation rate of antimony ingot manufacturer in Lengshuijiang is only about 30% - 40% capacity, which is insufficient and given strong support to the Antimony’s raw material price. What is more, the inventory is quite little. So the price at present is stable.

        For the international market, due to the shortage supply of Chinese antimony ingot, European buyers could not purchase from other channels. Besides, LME (London metal exchange) offers antimony ingot price to US $9400 - $9700 per ton with $200 / ton rise in high level.

Even with shortage supply of antimony’s raw material, the antimony trioxide demand is still weak with export quote between $7950 to $8100. Few deals concluded in the market and the coming of summer holiday in European may also lead to less demand.

       However, with the strong antimony’s raw material price, the antimony trioxide production costs will maintain high. If the international antimony ingot prices continue to rise, it will have a more influence on the shortage supply of domestic antimony raw material.  Combined all the factors, it is possible that market participants will gain more confidence in the short term and antimony trioxide price will maintain stable and possible going high.


Category:Industry News