Production has been suspended at an antimony mine in China's Hunan province in the wake of an accident in which at least eight people were killed and more than 20 were injured, according to reports from the region.
The Hunan government has ordered mining operations to halt after the fatal accident at a mine in Lengshui Jiang - located close to China's largest antimony producer, Hsikwangshan Twinkling Star Co - late on Monday evening.
"It's in an area where there are plenty of small mines," said a trader in Asia. "This will attract the attention of local government... Recently, there has been a series of coal mine accidents that has put mining at the top of the [political] agenda."
The cause of the accident is unknown. The mine produces around 1,000 tpm of antimony concentrates.
"I think this will have a big effect on the antimony price... with this news, people will stop wanting to sell. People's attitudes will change," the trader said. "The Chinese will be reluctant to let go of metal."...
read more
消息來源
Thursday, December 21, 2006
Wednesday, December 20, 2006
[+/-] : Antimony trioxide remains at a lower level in China
Prices for antimony trioxide in the Chinese market remained at lower levels this week, as overseas buyers gradually recede from the spot market due to the coming Christmas holiday.
Export prices for 99.5%min antimony trioxide are about US$4,460-4,560/tonne FOB, equal to that seen over the past couple of weeks.
“Enquiries from the overseas market continued to reduce in recent days due to the coming of Christmas. Next week will be a pretty quiet week,” said a Guangxi-based trader, reporting that export prices for antimony trioxide remain at $4,460-4,560/tonne FOB this week.
A Guangdong-based trader reported that his company signed a contract at $4,480/tonne FOB, with cargoes delivered to an Asian state.
“The spot market is in a condition of stagnation now. I think the rumour of the Chinese government imposing an export tax on antimony supports the market to some extent,” said a Hunan-based trader.
At the moment, Chinese domestic prices for antimony trioxide are said to remain in the range of Rmb35,500-36,500/tonne ($4,539-4,667/tonne), largely unchanged since last week.
“I think the market will recover at the beginning of next year,” said an executive from a Hunan-based smelter....
read more
[+/-] : US antimony price rally pauses
Antimony trade has slowed this month in the United States as domestic customers resist attempts by China, which dominates world supply of the flame-retardant metal, to increase prices already at their highest in a decade,
But American consumers said a shortage of antimony, a legacy of mine closures after a fatal accident five years ago, and worries that Beijing may slap an export tax on antimony in the short term, should drive prices up in the next few weeks.
The metal, which has risen by more than a third in value since the start of the year, is around $5,500-5,600/tonne.
“It's like climbing a mountain step-by-step. The price will have a rest and then it will move up,” one dealer said.
China supplies about 80% of the world's antimony, a metal valued in the plastics and electronics sectors for its ability to withstand flames. With few alternative suppliers, US and European consumers have been paying higher prices this year.
"Customers will wait and see what's going to happen. End-users are a little bit upset about the price," the dealer said.
Inventories are low, say suppliers. A network of mines in Nandan, an area in southern China where most of the country's antimony is found, has been shut since a flood in 2001 killed more than 80 people and prompted a crackdown on small miners....
read more
Tuesday, December 19, 2006
[+/-] : Selenium dioxide edging up in China
Prices for selenium dioxide have been edging up over the past week on the back of the recent price rising from electrolytic manganese market, Chinese market participants told Metal-Pages today.
For the time being, levels for the 98% dioxide are hovering at approximately Rmb380-390/kg (US$21.1-21.6/lb), in comparison with the previous values of about Rmb370/kg($20.5/lb).
“Over the recent days, many of the dioxide have been contracted at around Rmb390/kg, representing an increase of Rmb20/kg as compared to the contractual price of Rmb370/kg seen early this month,” confirmed an executive from a Hunan based supplier.
Now some domestic producers are offering about Rmb400/kg for the material, and many of them are optimistic on the market in the near future. “Recent price rises for electrolytic manganese, the major selenium consumer within the domestic market, has brought a lot of confidences to selenium suppliers,” said an industry insider, suggesting that the pricing level would move up step by step in the coming weeks.
Many market participants believe that the level would continue the upward trend in the near future. “But it is expected not to surge a lot,” predicted one source....
read more
消息來源
[+/-] : Little improvement seen in the antimony market
Foreign buyers remain reluctant to purchase antimony metal from China this week, as the rumour that an export tax for antimony will be imposed soon was not confirmed by government last Friday, market participants said.
Domestic prices for antimony metal have risen by about Rmb100-200/tonne to Rmb39,200-40,200/tonne ($5,004-5,132/tonne) since the beginning of this week, compared to Rmb39,000-40,000/tonne ($4,979-5,106/tonne) last week.
“Pushed by the relatively tight antimony ore supply, most smelters raised their offers for antimony metal,” confirmed a Hunan based smelter, revealing the company sold some low bismuth antimony at Rmb40,200/tonne this week.
A second Hunan based smelter reported that the prices of standard grade II antimony as well as the low bismuth material, have inched up to Rmb39,200-39,800/tonne ($5,004-5,081/tonne) at the moment, from the previous level of Rmb39,000-39,500/tonne ($4,978-5,043/tonne).
However, the export market did not bounce as most industry insiders predicted. “Foreign buyers haven’t paid much attention to purchasing in the past few days and are just buying material hand-to-mouth,” said a Guangdong based trader, reporting that the company raised its offer for standard grade II material to $5,250/tonne FOB from the previous level of $5,230/tonne FOB, but foreign buyers refused to accept it.
“The highest level for low bismuth antimony didn’t go above $5,330/tonne FOB and I’m afraid the market will not recover until next month,” said a Jiangsu based trader....
read more
消息來源
Domestic prices for antimony metal have risen by about Rmb100-200/tonne to Rmb39,200-40,200/tonne ($5,004-5,132/tonne) since the beginning of this week, compared to Rmb39,000-40,000/tonne ($4,979-5,106/tonne) last week.
“Pushed by the relatively tight antimony ore supply, most smelters raised their offers for antimony metal,” confirmed a Hunan based smelter, revealing the company sold some low bismuth antimony at Rmb40,200/tonne this week.
A second Hunan based smelter reported that the prices of standard grade II antimony as well as the low bismuth material, have inched up to Rmb39,200-39,800/tonne ($5,004-5,081/tonne) at the moment, from the previous level of Rmb39,000-39,500/tonne ($4,978-5,043/tonne).
However, the export market did not bounce as most industry insiders predicted. “Foreign buyers haven’t paid much attention to purchasing in the past few days and are just buying material hand-to-mouth,” said a Guangdong based trader, reporting that the company raised its offer for standard grade II material to $5,250/tonne FOB from the previous level of $5,230/tonne FOB, but foreign buyers refused to accept it.
“The highest level for low bismuth antimony didn’t go above $5,330/tonne FOB and I’m afraid the market will not recover until next month,” said a Jiangsu based trader....
read more
消息來源
[+/-] : U.S. Antimony announces mill site for antimony silver deposit
United States Antimony Corporation announced Monday that Antimony de Mexico S. A. de C. V. (a wholly owned subsidiary of United States Antimony Corp, "USAC") has leased a mill site to process rock from the Coahuila antimony and silver deposit in the State of Queretaro, Mexico.
A Mexican Government Monograph has reported a resource of 1,000,000 metric tons having a grade of 1.8% antimony and 8.1 ounces of silver per ton that can be mined by open pit methods.
The mill site includes more than 120 acres and is close to the town of Vizarron de Montes. It has electricity, tailings pond areas, convenient access, water, and is convenient to a work force and supplies. Rock from the mine and other custom ore can be easily hauled to the mill site primarily over an asphalt highway.
Permitting of the mine and mill site will begin immediately. Components for the crushing plant and flotation mill are nearing completion at the USAC antimony plant in Montana. Installation of the plant at Vizarron is expected during the first quarter of 2007.
The Company plans to play a strategic role in the supply of antimony to the United States where it is the only significant domestic producer.
...
read more
A Mexican Government Monograph has reported a resource of 1,000,000 metric tons having a grade of 1.8% antimony and 8.1 ounces of silver per ton that can be mined by open pit methods.
The mill site includes more than 120 acres and is close to the town of Vizarron de Montes. It has electricity, tailings pond areas, convenient access, water, and is convenient to a work force and supplies. Rock from the mine and other custom ore can be easily hauled to the mill site primarily over an asphalt highway.
Permitting of the mine and mill site will begin immediately. Components for the crushing plant and flotation mill are nearing completion at the USAC antimony plant in Montana. Installation of the plant at Vizarron is expected during the first quarter of 2007.
The Company plans to play a strategic role in the supply of antimony to the United States where it is the only significant domestic producer.
...
read more
Saturday, December 16, 2006
[+/-] : Antimony trioxide market remains slow 12.4
The market for 99.5% min antimony trioxide has remained slow over the past week, as enquiries from foreign buyers remained limited, market participants said today.
Prices in the export market generally stayed at the level of $4,480-4,580/tonne FOB, similar with that seen last week, but some business has been reported at a slightly lower level.
A Guangxi based supplier confirmed this. “It was said that some deals have been concluded at $4,460-4,470/tonne FOB.”
“We exported some antimony trioxide at $4,560/tonne FOB late last week, but the quantities were quite limited. I’m hoping that some purchasing activity before Christmas as usual will help the market pick up in the near future,” said a Yunnan based trader.
Meanwhile, the domestic prices for 99.5%min antimony trioxide have been in the range of Rmb35,500-36,500/tonne ($4,535-4,663/tonne) recently according to reports from smelters.
“I haven’t seen any improvement in the spot market. In fact, most deals have been concluded at the lower level of Rmb35,000-36,000/tonne ($4,471-4,600/tonne) and only a few people can get more than Rmb36,000/tonne,” revealed a Hunan based smelter....
read more
Prices in the export market generally stayed at the level of $4,480-4,580/tonne FOB, similar with that seen last week, but some business has been reported at a slightly lower level.
A Guangxi based supplier confirmed this. “It was said that some deals have been concluded at $4,460-4,470/tonne FOB.”
“We exported some antimony trioxide at $4,560/tonne FOB late last week, but the quantities were quite limited. I’m hoping that some purchasing activity before Christmas as usual will help the market pick up in the near future,” said a Yunnan based trader.
Meanwhile, the domestic prices for 99.5%min antimony trioxide have been in the range of Rmb35,500-36,500/tonne ($4,535-4,663/tonne) recently according to reports from smelters.
“I haven’t seen any improvement in the spot market. In fact, most deals have been concluded at the lower level of Rmb35,000-36,000/tonne ($4,471-4,600/tonne) and only a few people can get more than Rmb36,000/tonne,” revealed a Hunan based smelter....
read more
[+/-] : Antimony trioxide dip halts
Prices for antimony trioxide have ceased declining in recent days, with the fatal mine accident early this month in Hunan province having hampered the supply of antimony ore and antimony ingot, the main raw materials for antimony trioxide production, industry insiders told Metal-Pages today.
Domestic prices are Rmb35,500-36,500/tonne (US$4,537-4,665/tonne), equal to the prevailing level seen last week.
“You could get some material at cheap levels of Rmb35,000-35,300/tonne (US$4,470-4,508/tonne) last week, while you can not find any cheap offers these days,” said a Hunan based smelter.
“We will not sell our antimony trioxide at less than Rmb36,500/tonne, since most antimony ingot smelters have hiked their offers,” said a second Hunan smelter.
The export market is said to have kept slow this week. “We offer the material at US$4,570/tonne FOB this week, while we haven’t got any orders at the moment,” a Guizhou based supplier told Metal-Pages.
“We concluded a deal at $4,500/tonne FOB this week,” said a Guangdong based trader, reporting that there haven’t been any signs of improvement in the spot market, as most foreign buyers remain reluctant to purchase antimony trioxide....
read more
消息來源
Domestic prices are Rmb35,500-36,500/tonne (US$4,537-4,665/tonne), equal to the prevailing level seen last week.
“You could get some material at cheap levels of Rmb35,000-35,300/tonne (US$4,470-4,508/tonne) last week, while you can not find any cheap offers these days,” said a Hunan based smelter.
“We will not sell our antimony trioxide at less than Rmb36,500/tonne, since most antimony ingot smelters have hiked their offers,” said a second Hunan smelter.
The export market is said to have kept slow this week. “We offer the material at US$4,570/tonne FOB this week, while we haven’t got any orders at the moment,” a Guizhou based supplier told Metal-Pages.
“We concluded a deal at $4,500/tonne FOB this week,” said a Guangdong based trader, reporting that there haven’t been any signs of improvement in the spot market, as most foreign buyers remain reluctant to purchase antimony trioxide....
read more
消息來源
[+/-] : Tungsten steadies
The European tungsten market has steadied, after experiencing a period of decline in recent weeks. The mood reflects the Chinese market, where prices have also leveled off, with tungsten concentrates prices strengthening and looking poised to rise further on the back of another mining accident this month.
Western trade sources admitted, though, that “there was nothing to write home about”. “Tungsten is pretty quiet,” said one major western trader, who added: “This is really down to the tendency for consumers to buy hand-to-mouth. The Christmas holidays have impacted, to some extent, but really it’s all down to people sitting on the fence, waiting to see how the market develops. There is further concern over whether China will impose export taxes on tungsten and other commodities.”
He put prices for ferro-tungsten at around $33/kg with APT in the mid-$240s, but believes the price could pick up next year. “The recent mining accident, and subsequent closure of some Chinese operations, has drawn a line under the concentrates price. The market would appear to have bottomed,” he added.
As far as concentrates are concerned prices are now reported at Rmb106,000-111,000/tonne (US$209-218/mtu).
Some miners have ceased quoting for tungsten concentrates in the past two days, as the impact of the Hunan mine accident, which killed 12 people early this month, takes its toll.
Meanwhile, in Europe, a tender for 20 tonnes of ferro-tungsten in Germany was reportedly concluded around $33.30/kg delivered. Other trade sources put the market slightly lower at $32.20-32.80, with APT around in the low to mid-$240s....
read more
Western trade sources admitted, though, that “there was nothing to write home about”. “Tungsten is pretty quiet,” said one major western trader, who added: “This is really down to the tendency for consumers to buy hand-to-mouth. The Christmas holidays have impacted, to some extent, but really it’s all down to people sitting on the fence, waiting to see how the market develops. There is further concern over whether China will impose export taxes on tungsten and other commodities.”
He put prices for ferro-tungsten at around $33/kg with APT in the mid-$240s, but believes the price could pick up next year. “The recent mining accident, and subsequent closure of some Chinese operations, has drawn a line under the concentrates price. The market would appear to have bottomed,” he added.
As far as concentrates are concerned prices are now reported at Rmb106,000-111,000/tonne (US$209-218/mtu).
Some miners have ceased quoting for tungsten concentrates in the past two days, as the impact of the Hunan mine accident, which killed 12 people early this month, takes its toll.
Meanwhile, in Europe, a tender for 20 tonnes of ferro-tungsten in Germany was reportedly concluded around $33.30/kg delivered. Other trade sources put the market slightly lower at $32.20-32.80, with APT around in the low to mid-$240s....
read more
[+/-] : Indium dips in China
Prices for indium ingot have dipped by around Rmb200/kg from the previous level due to the sluggish demand on the spot market, sources close to Chinese market participants told Metal-Pages.
Values for the 4N metal at present are hovering around Rmb5,300-5,400/kg (US$677-690/kg), in comparison to levels of about Rmb5,500/kg over the past weeks.
A Hunan-based consumer confirmed the situation. “We have bought some metal at around Rmb5,200-5,300/kg ($664-677/kg) over the past days,” said an executive of the company, claiming that it would now like to purchase refined metal for further processing rather than buy crude indium as there is only a small price difference between the two materials.
According to industry insiders, prices for crude indium have also decreased by around Rmb200-300/kg over the past weeks and are currently at approximately Rmb4,800-4,900/kg.
“Spot purchasing is so quiet, especially from Japanese buyers,” said an executive from a Hunan-based producer, revealing that its current quotation for 4N material is $720/kg for overseas buyers, but only a few bids have been received.
Recently the rumour of an export tax being imposed on indium in the coming year has been spreading within the home market, but some sources believe that possibly some other methods to control indium export will be adopted next year, such as issuing export quotas or licenses, instead of adding an export tax.
Western traders report that as the holiday period approaches, only a few businesses are taking place for small quantities but these nevertheless are tending to be concluded at firmer prices, with some at over $750/kg.
However, the major players in the market in Japan and China are taking a rest over the year-end from the stalemate that has existed between the Japanese consumers and Chinese suppliers for some time. How the market will develop in the New Year will depend largely on how they resolve this situation....
read more
Values for the 4N metal at present are hovering around Rmb5,300-5,400/kg (US$677-690/kg), in comparison to levels of about Rmb5,500/kg over the past weeks.
A Hunan-based consumer confirmed the situation. “We have bought some metal at around Rmb5,200-5,300/kg ($664-677/kg) over the past days,” said an executive of the company, claiming that it would now like to purchase refined metal for further processing rather than buy crude indium as there is only a small price difference between the two materials.
According to industry insiders, prices for crude indium have also decreased by around Rmb200-300/kg over the past weeks and are currently at approximately Rmb4,800-4,900/kg.
“Spot purchasing is so quiet, especially from Japanese buyers,” said an executive from a Hunan-based producer, revealing that its current quotation for 4N material is $720/kg for overseas buyers, but only a few bids have been received.
Recently the rumour of an export tax being imposed on indium in the coming year has been spreading within the home market, but some sources believe that possibly some other methods to control indium export will be adopted next year, such as issuing export quotas or licenses, instead of adding an export tax.
Western traders report that as the holiday period approaches, only a few businesses are taking place for small quantities but these nevertheless are tending to be concluded at firmer prices, with some at over $750/kg.
However, the major players in the market in Japan and China are taking a rest over the year-end from the stalemate that has existed between the Japanese consumers and Chinese suppliers for some time. How the market will develop in the New Year will depend largely on how they resolve this situation....
read more
[+/-] : Chinese suppliers raise quotations for antimony metal
Chinese suppliers began to raise their quotations for antimony metal at the beginning of this week. According to reports from industry insiders, the main reason is that the government is conducting safety checks on all mines in Hunan following a fatal mining accident early this month which has disrupted the supply of antimony ore.
“The ore supply problem will inevitably affect our antimony metal production,” said a Hunan based smelter, reporting that the company raised the quotation for its standard grade II antimony to Rmb39,300/tonne (US$5,019/tonne) two days ago from the previous Rmb39,000/tonne (US$4,980/tonne).
“Quotations for low bismuth material have been enhanced to about Rmb40,000-40,200/tonne ($5,109-5,134/tonne) at the moment from Rmb39,800-40,000/tonne ($5,086-5,112/tonne),” said a second Hunan based smelter.
Meanwhile, traders hiked their offers in the export market on the back of the higher domestic quotations. “Since most smelters raised their offers, we have to add $20-30/tonne to our previous offers,” said a Hunan based trader.
“We are now quoting $5,360/tonne FOB for low bismuth antimony ingot, US$30/tonne higher than last week. But foreign buyers haven’t made any response,” said a Guangdong based trader.
Western source confirm that there are no longer any cheap offers from China whereas last week there had been some which had been quickly taken up by traders and consumers. One source said: “ Any cheap offers from China have just disappeared this week.” He continued saying that if the accident had happened in January or February the scenario would have been quite different with prices possibly jumping up a couple of hundred dollars.
As it is, the effect on the market has been minimal, stopping the decline in prices from China rather than actually raising prices in the west. However buyers looking to increase their stock position in early January may not find as cheap offers that they had hoped to.
Although there is material available on the ground in China, the effects of the safety checks being conducted by the government on future mining and the uncertainty about the future availability of antimony ore will likely result in Chinese suppliers holding or raising their offer levels in spite of little to no buying interest for export. Western buyers have mainly finished any purchasing they might do before the end of the year and are turning their thoughts more to preparations for the coming holiday period.
Another factor hanging over the antimony market is the possible imposition of an export duty on antimony due to be announced on 15 December.
A sale in Europe for more than one container load of grade II antimony was reported at $5,380/tonne whilst others reported that they had not done any business for a few days. Offers from China are available at $5,320/tonne CIF for low bismuth material indicating little differential at present between low bismuth and standard grade II material....
read more
“The ore supply problem will inevitably affect our antimony metal production,” said a Hunan based smelter, reporting that the company raised the quotation for its standard grade II antimony to Rmb39,300/tonne (US$5,019/tonne) two days ago from the previous Rmb39,000/tonne (US$4,980/tonne).
“Quotations for low bismuth material have been enhanced to about Rmb40,000-40,200/tonne ($5,109-5,134/tonne) at the moment from Rmb39,800-40,000/tonne ($5,086-5,112/tonne),” said a second Hunan based smelter.
Meanwhile, traders hiked their offers in the export market on the back of the higher domestic quotations. “Since most smelters raised their offers, we have to add $20-30/tonne to our previous offers,” said a Hunan based trader.
“We are now quoting $5,360/tonne FOB for low bismuth antimony ingot, US$30/tonne higher than last week. But foreign buyers haven’t made any response,” said a Guangdong based trader.
Western source confirm that there are no longer any cheap offers from China whereas last week there had been some which had been quickly taken up by traders and consumers. One source said: “ Any cheap offers from China have just disappeared this week.” He continued saying that if the accident had happened in January or February the scenario would have been quite different with prices possibly jumping up a couple of hundred dollars.
As it is, the effect on the market has been minimal, stopping the decline in prices from China rather than actually raising prices in the west. However buyers looking to increase their stock position in early January may not find as cheap offers that they had hoped to.
Although there is material available on the ground in China, the effects of the safety checks being conducted by the government on future mining and the uncertainty about the future availability of antimony ore will likely result in Chinese suppliers holding or raising their offer levels in spite of little to no buying interest for export. Western buyers have mainly finished any purchasing they might do before the end of the year and are turning their thoughts more to preparations for the coming holiday period.
Another factor hanging over the antimony market is the possible imposition of an export duty on antimony due to be announced on 15 December.
A sale in Europe for more than one container load of grade II antimony was reported at $5,380/tonne whilst others reported that they had not done any business for a few days. Offers from China are available at $5,320/tonne CIF for low bismuth material indicating little differential at present between low bismuth and standard grade II material....
read more
[+/-] : MARKET ROUNDUP – markets wind down for the holidays
In general the minor metal and noble alloys markets are noticeably quieter as the holiday period approaches, but demand for molybdenum and cadmium remains strong and bismuth continues on its steep upward track. Some markets have seen lower prices in an end of year clearance but overall the tone is firm and expected to remain so in the coming year.
Molybdenum continues to drift down in spite of good demand for nearby delivery. Most prices are in the range $59.40 – 60.20/kg with business reported at $59.20/kg and $59.95/kg for prompt. Molybdenum oxide is also softer with business done at $24.50/lb and $24.60/lb and two truckloads of briquettes sold in the upper $24s for delivery first and second week January. Chinese ferro molybdenum dropped further to nominally $57.50-58.50/kg in thin trading.
Vanadium prices are softer again in very thin trading with prices about $33-33.50/kg. However one trader achieved a very satisfactory sale of a few tonnes at well over $34/kg.
The ferro titanium market remains lacklustre though, here too, the very low offers are no longer available in the market. There is little spot business and for what there is, prices are in the low $15s ddp. Some suppliers report being busy negotiating long term contracts for the first quarter.
The Chinese are holding very firm on ferro tungsten prices with $33.30/kg CIF among the lowest offers received and others at $33.50/kg and above and little room for negotiation. A sale of 20 tonnes was reported being made to a European steel mill at the equivalent of about $33.24/kg delivered with payment terms.
APT prices are a little lower in Europe at $242-247/mtu on low demand but offers from China remain steady at $245-255/mtu.
There are very few enquiries for cobalt making it hard to place the market, but prices are consolidating with some profit taking going on prior to the end of the year. Prices are said to be slightly softer somewhere in a broad range of $22-28/lb. One source reported some selling from the Far East.
BHP Billiton lowered its website offer price today again by $1 to $27/lb having not sold since 27 November.
Many consumers will be happy to wait over the holiday period watching the price drop before they have to return to the market in the New Year for new supplies. Meanwhile there is probably more interest in the negotiation of long term contracts for next year.
The antimony market is quiet with traders running their books down and only a few consumers needing to buy material before the end of the year. Prices remain firm and any cheap offers from China have disappeared this week. As the result of a mining accident in Hunan last week some smaller antimony mines may be permanently closed by government authorities for safety reasons. If so this will reduce supplies of concentrates to some degree and in anticipation of this, Chinese suppliers have raised their offer prices.
Bismuth prices continue to rise and have creamed through the $7/lb level with business reported at $7.40/lb, up from $7.20/lb earlier in the week. Consumers said to be confused in the rapid rise in prices and more than one traders was left unsure where the market really was. Offers from China are now up to $7.70/lb and above though no business concluded.
Cadmium demand continues to be steady and prices very firm around $1.85-1.90/lb for 4N material and about 5 cents lower for 3N5. Selenium remains steady with perhaps slightly more business at the lower end and down to $23/lb. However one trader felt that good demand in the first quarter from China could see this market rise again.
Germanium has seen a few traditional year-end cheaper offers from China whilst the DLA, which has been selling smaller quantities of material, awarded only 68kgs at $870/kg in November. Higher prices are expected for germanium in the coming year as demand is strong for the metal.
Demand for GaAs is rising and whilst gallium prices have remained steady for the past eighteen months or so, consumers do not hold stocks and the sentiment is that gallium will see higher prices in 2007.
Having moved up at the beginning of the week from China, prices for manganese metal flake are unchanged at $1,520-1,560/tonne FOB for export and $1,600-1,650/tonne in Rotterdam. Demand is flat and not a lot of business is taking place at the moment....
read more
Molybdenum continues to drift down in spite of good demand for nearby delivery. Most prices are in the range $59.40 – 60.20/kg with business reported at $59.20/kg and $59.95/kg for prompt. Molybdenum oxide is also softer with business done at $24.50/lb and $24.60/lb and two truckloads of briquettes sold in the upper $24s for delivery first and second week January. Chinese ferro molybdenum dropped further to nominally $57.50-58.50/kg in thin trading.
Vanadium prices are softer again in very thin trading with prices about $33-33.50/kg. However one trader achieved a very satisfactory sale of a few tonnes at well over $34/kg.
The ferro titanium market remains lacklustre though, here too, the very low offers are no longer available in the market. There is little spot business and for what there is, prices are in the low $15s ddp. Some suppliers report being busy negotiating long term contracts for the first quarter.
The Chinese are holding very firm on ferro tungsten prices with $33.30/kg CIF among the lowest offers received and others at $33.50/kg and above and little room for negotiation. A sale of 20 tonnes was reported being made to a European steel mill at the equivalent of about $33.24/kg delivered with payment terms.
APT prices are a little lower in Europe at $242-247/mtu on low demand but offers from China remain steady at $245-255/mtu.
There are very few enquiries for cobalt making it hard to place the market, but prices are consolidating with some profit taking going on prior to the end of the year. Prices are said to be slightly softer somewhere in a broad range of $22-28/lb. One source reported some selling from the Far East.
BHP Billiton lowered its website offer price today again by $1 to $27/lb having not sold since 27 November.
Many consumers will be happy to wait over the holiday period watching the price drop before they have to return to the market in the New Year for new supplies. Meanwhile there is probably more interest in the negotiation of long term contracts for next year.
The antimony market is quiet with traders running their books down and only a few consumers needing to buy material before the end of the year. Prices remain firm and any cheap offers from China have disappeared this week. As the result of a mining accident in Hunan last week some smaller antimony mines may be permanently closed by government authorities for safety reasons. If so this will reduce supplies of concentrates to some degree and in anticipation of this, Chinese suppliers have raised their offer prices.
Bismuth prices continue to rise and have creamed through the $7/lb level with business reported at $7.40/lb, up from $7.20/lb earlier in the week. Consumers said to be confused in the rapid rise in prices and more than one traders was left unsure where the market really was. Offers from China are now up to $7.70/lb and above though no business concluded.
Cadmium demand continues to be steady and prices very firm around $1.85-1.90/lb for 4N material and about 5 cents lower for 3N5. Selenium remains steady with perhaps slightly more business at the lower end and down to $23/lb. However one trader felt that good demand in the first quarter from China could see this market rise again.
Germanium has seen a few traditional year-end cheaper offers from China whilst the DLA, which has been selling smaller quantities of material, awarded only 68kgs at $870/kg in November. Higher prices are expected for germanium in the coming year as demand is strong for the metal.
Demand for GaAs is rising and whilst gallium prices have remained steady for the past eighteen months or so, consumers do not hold stocks and the sentiment is that gallium will see higher prices in 2007.
Having moved up at the beginning of the week from China, prices for manganese metal flake are unchanged at $1,520-1,560/tonne FOB for export and $1,600-1,650/tonne in Rotterdam. Demand is flat and not a lot of business is taking place at the moment....
read more
[+/-] : Antimony mining accident could reverse softening market
Prices for antimony metal have declined further in both the Chinese and the international market due to weak demand from both Chinese consumers and foreign buyers, said market participants.
However, the news that a mining accident occurred earlier in the week at an antimony mine near the city of Lengshuijiang may arrest the recent decline in prices sooner than expected.
Government officials from the Hunan Safety Bureau are reported to be in Lengshuijiang now and are investigating the accident. Some eight miners are thought to have lost their lives in the accident, exact details of which are yet unknown. All mining activity in the area is said to be suspended.
Export prices for standard grade II antimony ingot have declined to $5,230-5,280/tonne FOB at the moment, in comparison with $5,260-5,320/tonne FOB last week.
“Foreign buyers have remained reluctant to purchase antimony metal this week and due to the current climate of the market, we have had to lower our offers further,” said a Guangxi based supplier, reporting that the company traded antimony at $5,230/tonne FOB several days ago.
Meanwhile, a Guangdong based trader reported that low bismuth material has been exported at $5,300-5,330/tonne FOB this week, about $30-40/tonne lower than last week.
For the same reason, prices in the domestic market dropped a lot this week. “We concluded a deal for standard grade II antimony at Rmb39,200/tonne ($5,010/tonne) this week,” said a Guangxi based smelter, revealing that some businesses have been contracted at as low as Rmb39,000/tonne ($4,984/tonne) recently.
“The present market demand for low bismuth material is somewhat slow,” said a Hunan based smelter, reporting that the prices for this material have slipped by about Rmb200-300/tonne to only Rmb39,800-40,000/tonne ($5,086-5,112/tonne) this week....
read more
However, the news that a mining accident occurred earlier in the week at an antimony mine near the city of Lengshuijiang may arrest the recent decline in prices sooner than expected.
Government officials from the Hunan Safety Bureau are reported to be in Lengshuijiang now and are investigating the accident. Some eight miners are thought to have lost their lives in the accident, exact details of which are yet unknown. All mining activity in the area is said to be suspended.
Export prices for standard grade II antimony ingot have declined to $5,230-5,280/tonne FOB at the moment, in comparison with $5,260-5,320/tonne FOB last week.
“Foreign buyers have remained reluctant to purchase antimony metal this week and due to the current climate of the market, we have had to lower our offers further,” said a Guangxi based supplier, reporting that the company traded antimony at $5,230/tonne FOB several days ago.
Meanwhile, a Guangdong based trader reported that low bismuth material has been exported at $5,300-5,330/tonne FOB this week, about $30-40/tonne lower than last week.
For the same reason, prices in the domestic market dropped a lot this week. “We concluded a deal for standard grade II antimony at Rmb39,200/tonne ($5,010/tonne) this week,” said a Guangxi based smelter, revealing that some businesses have been contracted at as low as Rmb39,000/tonne ($4,984/tonne) recently.
“The present market demand for low bismuth material is somewhat slow,” said a Hunan based smelter, reporting that the prices for this material have slipped by about Rmb200-300/tonne to only Rmb39,800-40,000/tonne ($5,086-5,112/tonne) this week....
read more
[+/-] : Antimony mining accident could reverse softening market
Prices for antimony metal have declined further in both the Chinese and the international market due to weak demand from both Chinese consumers and foreign buyers, said market participants.
However, the news that a mining accident occurred earlier in the week at an antimony mine near the city of Lengshuijiang may arrest the recent decline in prices sooner than expected.
Government officials from the Hunan Safety Bureau are reported to be in Lengshuijiang now and are investigating the accident. Some eight miners are thought to have lost their lives in the accident, exact details of which are yet unknown. All mining activity in the area is said to be suspended.
Export prices for standard grade II antimony ingot have declined to $5,230-5,280/tonne FOB at the moment, in comparison with $5,260-5,320/tonne FOB last week.
“Foreign buyers have remained reluctant to purchase antimony metal this week and due to the current climate of the market, we have had to lower our offers further,” said a Guangxi based supplier, reporting that the company traded antimony at $5,230/tonne FOB several days ago.
Meanwhile, a Guangdong based trader reported that low bismuth material has been exported at $5,300-5,330/tonne FOB this week, about $30-40/tonne lower than last week.
For the same reason, prices in the domestic market dropped a lot this week. “We concluded a deal for standard grade II antimony at Rmb39,200/tonne ($5,010/tonne) this week,” said a Guangxi based smelter, revealing that some businesses have been contracted at as low as Rmb39,000/tonne ($4,984/tonne) recently.
“The present market demand for low bismuth material is somewhat slow,” said a Hunan based smelter, reporting that the prices for this material have slipped by about Rmb200-300/tonne to only Rmb39,800-40,000/tonne ($5,086-5,112/tonne) this week....
read more
However, the news that a mining accident occurred earlier in the week at an antimony mine near the city of Lengshuijiang may arrest the recent decline in prices sooner than expected.
Government officials from the Hunan Safety Bureau are reported to be in Lengshuijiang now and are investigating the accident. Some eight miners are thought to have lost their lives in the accident, exact details of which are yet unknown. All mining activity in the area is said to be suspended.
Export prices for standard grade II antimony ingot have declined to $5,230-5,280/tonne FOB at the moment, in comparison with $5,260-5,320/tonne FOB last week.
“Foreign buyers have remained reluctant to purchase antimony metal this week and due to the current climate of the market, we have had to lower our offers further,” said a Guangxi based supplier, reporting that the company traded antimony at $5,230/tonne FOB several days ago.
Meanwhile, a Guangdong based trader reported that low bismuth material has been exported at $5,300-5,330/tonne FOB this week, about $30-40/tonne lower than last week.
For the same reason, prices in the domestic market dropped a lot this week. “We concluded a deal for standard grade II antimony at Rmb39,200/tonne ($5,010/tonne) this week,” said a Guangxi based smelter, revealing that some businesses have been contracted at as low as Rmb39,000/tonne ($4,984/tonne) recently.
“The present market demand for low bismuth material is somewhat slow,” said a Hunan based smelter, reporting that the prices for this material have slipped by about Rmb200-300/tonne to only Rmb39,800-40,000/tonne ($5,086-5,112/tonne) this week....
read more
[+/-] : Antimony ingot market quiet but suppliers optimistic
Chinese suppliers raised their offers for antimony metal early this week but received no response from foreign buyers. However, most Chinese industry insiders are optimistic about the future market.
“I believe the prices will inevitably go up in the following weeks,” said a Hunan based smelter. According to him, the antimony ore production has been blocked due to the current safety checks following the mine accident earlier this month in Hunan province.
“Several antimony mines which do not conform to the safety requirements have been closed,” said a second Hunan based smelter, worrying that the small antimony mine of the company will be closed soon.
Meanwhile, as the Hunan government announced, to protect the resources and environment, all the 6,671 mines in Hunan, including coal, antimony, tungsten, tin and gold mines, will be reduced to less than 6,000 before the end of 2007.
“That is to say, the supply of antimony ore will be reduced considerably in the future. Then, the prices are likely to go up even if foreign buyers are reluctant to purchase,” said a third Hunan based smelter.
At the moment, the quotations for antimony are at Rmb39,200-40,200/tonne ($5,012-5,140/tonne) in the domestic market smelters reported.
“Over the past two days, most foreign buyers refused to accept the increased offers of $5,250-5,350/tonne FOB. But once the rumour that the Chinese government will impose an export tax on antimony becomes true, the export prices will inevitably soar up,” said a Guangdong based trader....
read more
消息來源
“I believe the prices will inevitably go up in the following weeks,” said a Hunan based smelter. According to him, the antimony ore production has been blocked due to the current safety checks following the mine accident earlier this month in Hunan province.
“Several antimony mines which do not conform to the safety requirements have been closed,” said a second Hunan based smelter, worrying that the small antimony mine of the company will be closed soon.
Meanwhile, as the Hunan government announced, to protect the resources and environment, all the 6,671 mines in Hunan, including coal, antimony, tungsten, tin and gold mines, will be reduced to less than 6,000 before the end of 2007.
“That is to say, the supply of antimony ore will be reduced considerably in the future. Then, the prices are likely to go up even if foreign buyers are reluctant to purchase,” said a third Hunan based smelter.
At the moment, the quotations for antimony are at Rmb39,200-40,200/tonne ($5,012-5,140/tonne) in the domestic market smelters reported.
“Over the past two days, most foreign buyers refused to accept the increased offers of $5,250-5,350/tonne FOB. But once the rumour that the Chinese government will impose an export tax on antimony becomes true, the export prices will inevitably soar up,” said a Guangdong based trader....
read more
消息來源
Thursday, December 14, 2006
[+/-] : JIEFU antimony NEWS:U.S. Antimony announces the purchase of an antimony plant in Mexico
United States Antimony Corporation announced Monday that through its wholly owned subsidiary, Antimonio de Mexico, S. A. de C. V. (ADM) purchased the balance of all the outstanding shares of U. S. Antimony de Mexico, S. A. de C. V. (USAMSA) on March 22, 2006.
USAMSA operates a plant to process antimony ore into metal and oxide in central Mexico. The plant was constructed by USAC using proprietary technology and has a capacity of more than 7,500 pounds per day of antimony metal equivalent. It was last operated in 1998 to produce antimony metal and was shut down due to low prices. Although the plant is permitted, various improvements will be made to increase recovery, capacity, and improve environmental compliance.
The USAMSA plant has the advantage of having water, electricity, railroad access, major highway access, and a supply of natural gas for the future. It is convenient to the concentrates that will be produced by ADM in the State of Queretaro, other Mexican mines, and from overseas.
USAC is the only significant producer of antimony products in the United States. Since the beginning of February, antimony metal prices have increased by 29% to $2.57 per pound. China controls 89% of the world production, and most of it is being consumed internally in China. Short-term supply is very tight, and prices are expected to increase....
read more
消息來源
USAMSA operates a plant to process antimony ore into metal and oxide in central Mexico. The plant was constructed by USAC using proprietary technology and has a capacity of more than 7,500 pounds per day of antimony metal equivalent. It was last operated in 1998 to produce antimony metal and was shut down due to low prices. Although the plant is permitted, various improvements will be made to increase recovery, capacity, and improve environmental compliance.
The USAMSA plant has the advantage of having water, electricity, railroad access, major highway access, and a supply of natural gas for the future. It is convenient to the concentrates that will be produced by ADM in the State of Queretaro, other Mexican mines, and from overseas.
USAC is the only significant producer of antimony products in the United States. Since the beginning of February, antimony metal prices have increased by 29% to $2.57 per pound. China controls 89% of the world production, and most of it is being consumed internally in China. Short-term supply is very tight, and prices are expected to increase....
read more
消息來源
[+/-] : JIEFU antimony NEWS:China to introduce restrictions on '06 metal exports
China's top economic planning agency said Wednesday it will prohibit exports of copper next year in order to meet strong domestic demand.
The announcement was posted on the National Development and Reform Commission's Web site.
China will prohibit imports of copper scrap or copper sulphide concentrate and exports of unwrought copper from Jan. 1, according to the statement.
It will also abolish the 13% export tax refund for coal tar from Jan. 1.
The government will also reduce the export tax refund for mercury, tungsten, zinc, nickel and antimony to 5% from Jan. 1, it added...
read more
消息來源
The announcement was posted on the National Development and Reform Commission's Web site.
China will prohibit imports of copper scrap or copper sulphide concentrate and exports of unwrought copper from Jan. 1, according to the statement.
It will also abolish the 13% export tax refund for coal tar from Jan. 1.
The government will also reduce the export tax refund for mercury, tungsten, zinc, nickel and antimony to 5% from Jan. 1, it added...
read more
消息來源
[+/-] : JIEFU copper NEWS: Thailand '05 antimony metal output jumps as producers resume work
Thailand's antimony metal production jumped to 460 mt for the full year ended December 31, 2005, up from 2 mt produced in 2004, an official from the Bureau of Primary Industries of the Department of Primary Industries and Mines said to Platts Tuesday.
The official explained that the only two producing companies had stopped their productions in 2004 and only resumed in the fist half of 2005.
The two companies are Peak Union, which has a maximum production capacity of 1,800mt/year, and New Siam Mineral Resources, with designed output capacity of 1,000 mt/year.
The official added that all the raw material was imported from China. "There is a lack of raw material in Thailand as most mines are closed," he said.
"These two companies produce according to the orders received from their customers, who are mainly battery producers in Thailand," he added.
Thailand imported 317,552kg of unwrought antimony and powder at a total value of Baht 44.35 million ($1.18 million) in 2005, according to figures from the Thai Customs Department....
read more
消息來源
The official explained that the only two producing companies had stopped their productions in 2004 and only resumed in the fist half of 2005.
The two companies are Peak Union, which has a maximum production capacity of 1,800mt/year, and New Siam Mineral Resources, with designed output capacity of 1,000 mt/year.
The official added that all the raw material was imported from China. "There is a lack of raw material in Thailand as most mines are closed," he said.
"These two companies produce according to the orders received from their customers, who are mainly battery producers in Thailand," he added.
Thailand imported 317,552kg of unwrought antimony and powder at a total value of Baht 44.35 million ($1.18 million) in 2005, according to figures from the Thai Customs Department....
read more
消息來源
[+/-] : JIEFU antimony NEWS:Metals giant to buy mine
Hunan NonFerrous Metals (2626) hopes to acquire a tungsten mine from its parent next year in an attempt to boost its upstream resources.
Through the purchase, the company intends to cash in on soaring metal prices.
Bolstering metal reserves is an important business strategy, president He Renchun told The Standard at the firm's headquarters in Hunan province.
"Through acquisitions, we can enhance our market share in the domestic market, and we can strengthen our bargaining power in pricing and also become self-sufficient in metal resources."
Hunan NonFerrous possesses the world's largest tungsten reserves. Tungsten is a raw material used in light bulbs and by the aviation industry.
The company said annual output of tungsten concentrates will be raised to 9,000 tonnes from the current 3,000 tonnes, once the acquisition is completed.
The Yaogangxian tungsten mine, owned by the parent company, has about 300,000 tonnes of proven reserves, the world's third largest, He said.
Tungsten reserves owned by the company will account for 20 percent of China's total after the acquisition, up from the current 15 percent, He said, declining to disclose the valuation of the metal mine.
In the first half of the year, Hunan NonFerrous made six acquisitions in the mainland and Australia. The company is seeking acquisition opportunities in China and overseas.
In May, it paid US$23 million (HK$179.4 million) for a 10 percent stake in Australia's Compass Resources. Hunan NonFerrous Metals plans to explore metal resources in Australia. The company will focus on lead concentrates and cobalt through a joint venture to be formed in the fourth quarter. Initially, Hunan NonFerrous Metals will invest about A$70 million (HK$412.04 million).
The company is also looking for acquisitions related to the core downstream business. Its smelting business accounted for 71 percent of total sales in the first half, while the upstream metal mine operations contributed 13 percent.
Net profit was up 18 percent to 300 million yuan (HK$293.82 million) in the first half, thanks to high metal prices. Tungsten, zinc, lead and antimony, accounted for 70 percent of earnings. Data from the United States show that antimony prices increased from US$1.82 to US$2.35 per pound in the first quarter.
He predicted metal prices will remain high for the rest of the year....
read more
消息來源
Through the purchase, the company intends to cash in on soaring metal prices.
Bolstering metal reserves is an important business strategy, president He Renchun told The Standard at the firm's headquarters in Hunan province.
"Through acquisitions, we can enhance our market share in the domestic market, and we can strengthen our bargaining power in pricing and also become self-sufficient in metal resources."
Hunan NonFerrous possesses the world's largest tungsten reserves. Tungsten is a raw material used in light bulbs and by the aviation industry.
The company said annual output of tungsten concentrates will be raised to 9,000 tonnes from the current 3,000 tonnes, once the acquisition is completed.
The Yaogangxian tungsten mine, owned by the parent company, has about 300,000 tonnes of proven reserves, the world's third largest, He said.
Tungsten reserves owned by the company will account for 20 percent of China's total after the acquisition, up from the current 15 percent, He said, declining to disclose the valuation of the metal mine.
In the first half of the year, Hunan NonFerrous made six acquisitions in the mainland and Australia. The company is seeking acquisition opportunities in China and overseas.
In May, it paid US$23 million (HK$179.4 million) for a 10 percent stake in Australia's Compass Resources. Hunan NonFerrous Metals plans to explore metal resources in Australia. The company will focus on lead concentrates and cobalt through a joint venture to be formed in the fourth quarter. Initially, Hunan NonFerrous Metals will invest about A$70 million (HK$412.04 million).
The company is also looking for acquisitions related to the core downstream business. Its smelting business accounted for 71 percent of total sales in the first half, while the upstream metal mine operations contributed 13 percent.
Net profit was up 18 percent to 300 million yuan (HK$293.82 million) in the first half, thanks to high metal prices. Tungsten, zinc, lead and antimony, accounted for 70 percent of earnings. Data from the United States show that antimony prices increased from US$1.82 to US$2.35 per pound in the first quarter.
He predicted metal prices will remain high for the rest of the year....
read more
消息來源
[+/-] : JIEFU copper NEWS:Merrill expects 30% drop in copper prices in 2007
The average price of copper will likely fall around 30% in 2007 on declining demand in the U.S. housing sector and Group of Seven countries, as well as a ramp-up in production by miners in China and elsewhere in response to high prices, Merrill Lynch said in a report Friday.
Throwing water on the argument that hedge funds and institutional investors will continue to drive copper futures higher as they increase their portfolios’ exposure to commodities, Merrill predicts copper’s weakening fundamentals will douse investor interest, pushing prices nearer to the cost of production, as is the case with aluminium.
“If copper supply demand deteriorates to the situation of aluminium, it too will be priced…close to (the) cash cost of production,” the report said.
Merrill estimates the cash cost of production to be near $3,725 a metric ton, way below the cash price of copper currently. On Friday, the cash price of copper was at $7,220.50/ton on the London Mercantile Exchange.
A 30% drop would bring the price of copper to $5,054/ton, which it believes is a price low enough to spur Chinese consumers to restock their empty warehouses.
In May, copper, the traditional flagship of the base metals complex, surged to an all-time high of $8,825/ton, helping to float other base metals to their own highs. It has traded sideways for the past two months, unable to build momentum for a break out of its current trading range of $7,000-$8,000/ton.
Merrill forecasts copper production will rise 5.3% in 2007, more than double the expected growth in demand of 2%, which should pressure prices. It is predicting a copper surplus of 500,000 tons in 2007, rising to 750,000 tons in 2008, before declining to 600,000 tons in 2009.
The surplus is due to a strong response from miners to high prices and a slowdown in copper consumption in the U.S. and Europe, the report said. “There are considerable copper expansions and growth projects already being commissioned that should drive production growth of 5.3% in 2007.”
Meanwhile, the housing sector in the U.S., which consumes possibly 5% of the world’s copper, is likely to continue its decline. This slowdown in the U.S. housing industry and other sectors of its economy will likely have an impact on China’s consumption as well, since much of its copper exports are destined for the U.S. market.
“We expect Chinese copper consumption to slow in line with the products that it manufactures for export to the USA,” the report stated.
However, Merrill expects China’s consumption, already a quarter of the world’s total, will actually rebound strongly from a decline of 1.9% this year to 8% growth in 2007. Still, it expects that won’t be enough to eat up the surplus in the market.
With surpluses likely in the next three years, global copper inventories should recover from levels today, which are near their historical lows, and Merrill suggests this trend has likely already begun.
In the past two weeks, copper stocks at LME warehouses have risen on a near daily basis, a trend Merrill believes is a clear sign of weakening demand, especially in China. It predicts inventories will be sufficient for around 2.7 weeks of consumption by the end of 2007 – compared to just three days now.
The recent inventory buildup has so far mostly been confined to Asia, and Singapore in particular, a sign that the trend is being driven by declining Chinese consumption, the report stated.
A further cause to believe stocks will likely increase is that the copper miners face less risk its production will be disrupted by strikes, natural disasters or civil unrest, Merrill said.
“What the market has miscalculated in the copper market in the last two years is the extent of supply disruptions that have hit the market.”
Posted in Metal News | No Comments »
Assets of Hamburger Aluminium Werk sold to Trimet for restart
Aluminium major Norsk Hydro said Friday that the assets of Hamburger Aluminium Werk will be sold to German Trimet Aluminium with effect as of December 1.
On Friday the three HAW shareholders, Alcoa, AMAG and Hydro, with 33.33% each, signed respective agreements with Trimet and with the owner of the site’s real estate, the Hamburg Port Authority. Trimet was to restart the plant, which would offer at least 400 jobs in the new operation, according to a joint press release.
The companies said the three current owners in 2005 decided to close HAW because of the high power prices in Germany. Since this decision was made, the price for primary aluminium, as noted on the London Metal Exchange, has clearly increased, while spot price for the raw material alumina has come sharply down. However, forward prices in the German power market have increased,” the groups said.
The statement said the HAW shareholders still missed a German power price regime that provided a sustainable, long-term perspective for aluminium production. “Based on a specific product portfolio, Trimet is ready to take the challenge for restarting the plant and create new employment,” the companies said, adding that the Hamburg Port Authority had facilitated this transaction by agreeing to the termination of HAW’s lease agreement, at terms acceptable to both parties.
“As main part of today’s deal, all HAW assets are sold to Trimet who will restart the anode plant and the electrolysis. In addition, Hydro will sell to Trimet certain site infrastructure assets that it acquired from HAW when it was closed. Hydro and Trimet will simultaneously enter an agreement to provide site services to one another,” the statement said.
Hydro and the Hamburg Port Authority have agreed on a draft of a new lease agreement for the casthouse area, which until now has been subleased from HAW. In addition Trimet and the Hamburg Port Authority have agreed on a new lease agreement for the HAW site, the companies said.
Posted in Aluminium, Metal News | No Comments »
Russia exported in January-September 3.053 million metric tons of primary aluminium, 1.7% less on the year, while refined copper exports during the period fell by 11.3% to 187,000 tons, the Federal Customs Service reported Friday.
Russia exported in January-September 3.053 million metric tons of primary aluminium, 1.7% less on the year, while refined copper exports during the period fell by 11.3% to 187,000 tons, the Federal Customs Service reported Friday.
Exports of nickel during the period increased by 3% on the year to 188,000 tons.
Posted in Metal News | No Comments »
Base metals close softer in London: Nickel pares gains, copper down 5%
Base metals on the London Metals Exchange fell Friday, with copper leading the way with a drop of about 5%, due to general profit-taking and speculative selling, traders and analysts said.
Copper broke out to the downside from its recent trading range between $7,000 and $8,200 a metric ton, hitting a more than four-month low of $6,900/ton.
Speculative, momentum and CTA selling pressured prices, Robin Bhar of UBS in London said, driven in part by an increase in stocks. According to LME warehouse data, copper stocks Friday increased 1,625 tons to 148,200 tons.
“Copper suffered a blow to the downside on the back of fund liquidation and fresh selling after Thursday’s steady close,” said Michael Cuoco of Mitsui Bussan Commodities in New York. “On the radar screen at the moment is the 200-day moving average of $6,860/ton.”
LME copper will likely move to a new lower range of $6,700-$7,100/ton, analyst John Kemp at Sempra Metals said. “The market has been looking for a break lower for some time,” he said. “Whereas previously there was good support that made the market nervous about going short, the longs are now running out of ammunition.”
However, Kemp doesn’t expect an “immediate price collapse.”
Meanwhile, pressure in the copper market swept over into the other LME metals.
LME three-month nickel prices fell to Friday’s lows, driven by profit-taking, said a base metals trader. Nickel trades at $29,500/ton, down from Friday’s high of $31,200/ton.
Early Friday, the LME said it lifted the daily backwardation limit of $300 a metric ton on nickel it imposed Aug. 16. A reversion to the normal spread lending guidance will be effective from Monday.
Moreover, Bhar said physical traders report that demand is currently low and significantly off the frenetic levels of three to six months ago.
LME three-month aluminium gave back all of Thursday’s gains to trade at Friday’s low of $2,705/ton. Earlier Friday, a trader said LME aluminium’s poor fundamentals leave the metal to take its direction from other metals.
Despite a new record high of $4,580/ton earlier Friday and a continuous drawdown in stocks, zinc prices gave back the day’s gains to trade at a low of $4,260/ton on profit taking and overall base metals weakness. According to LME warehouse data, LME zinc stocks fell by 1,550 tons to 95,620 tons Friday, a 16-year low.
Posted in Nickel, Metal News | No Comments »
Zambia’s Muliashi Copper Mines: Feasibility study ready by April 07
Zambia’s Muliashi Copper Mines’ updated feasibility study is expected to be ready by April 2007, paving the way for initial copper production at the mine, Luanshya Copper Mines’ chief executive officer said, Zambia’s state-owned daily reports Monday.
Derek Webbstock told The Times of Zambia that the study would look at various issues including engineering designs and construction of the mine.
According to an official with Zambia’s Ministry of Mines and Minerals Development, construction of the 50,000-tons-a-year copper mine is behind schedule, adding that the delay in the start of production is blamed on protracted talks between the Zambian government and Switzerland-based J&W Investments over a mine development agreement.
The government is pressing for a revised agreement that would entitle it to gain from a future international copper price increase, an industry insider told.
Last year, the Zambian government reached an agreement with Equinox Minerals Ltd., owners of the $762 million Lumwana Copper Mine that will entitle it to share profits with the company in case of a future copper price increase.
Posted in Copper, Metal News | No Comments »
Oppenheimers sell Anglo American shares
E. Oppenheimer & Son, the Oppenheimer family investment company, Friday sold part of its stake in diversified natural resources group Anglo American PLC (AAUK) to a Chinese investor, in a move one analyst said could precipitate a bigger deal.
The Oppenheimers have sold 17 million Anglo American shares to China Vision Resources Ltd., reducing their stake in the company to 2.29% from 3.3%, an Anglo American spokesman said. China Vision Resources is owned by “private individual” Larry Yung, the spokesman added.
China Vision paid some GBP425 million for the stake, according to a person familiar with the situation.
Larry Yung is chairman and managing director of CITIC Hong Kong (Holdings) Limited, and an executive director of the CITIC Group conglomerate. CITIC couldn’t immediately be reached for comment.
In a press release, E Oppenheimer & Sons said it will continue to hold more than two percent of Anglo American, and will retain its 40% stake in diamond producer De Beers.
The Anglo American spokesman said, “This is part of the Oppenheimer family’s stated intention to diversify their investments.”
He added, “they remain fully supportive of the Anglo management team, the restructuring process under way and the appointment of (new chief executive) Cynthia Carroll,” he added.
Anglo said Oct. 24 that Alcan Inc.’s Cynthia Carroll will become chief executive when current CEO Tony Trahar steps down in March, the first time in the mining company’s history it will be headed by an outsider and a woman.
One analyst said the share purchase could herald the start of a bidding contest for Anglo American, saying it could be “the first tank on the lawn.”
“Everyone had thought that Xstrata PLC (XTA.LN) or Rusal were going to wait,” he said, “this could well change things dramatically.”
Mining sector watchers regard Xstrata and Rusal as credible bidders for Anglo American. Anglo American is in the midst of a restructuring – spinning out its paper and packaging business and selling down its stake in AngloGold Ashanti (AU).
Xstrata declined comment.
But the analyst also said Chinese investors often take stakes in companies to have better leverage over them and as a consequence ensure a steady supply of raw materials.
The sale underscores China’s attempts to bolster its hold on mining resources and accelerates Anglo’s transformation from a chiefly South African gold and platinum producer to a global industrial metals producer.
At 1625 GMT, Anglo American’s shares in London were trading up 25 pence, or 1.01%, at 2,490 pence, outperforming a downbeat mining sector.
In an emailed statement Rusal said its strategy was to strengthen its position in aluminium and alumina.”
“No additional decisions concerning the strategy have been made so far,” Rusal went on to say.
“Any change in the strategy is a prerogative of the Board of Directors of the United Company which will be formed by 1 April 2007. Any changes in the strategy are possible only when the deal is closed.”
Rusal is currently finishing up a deal to form the world’s biggest aluminium company, combining with smaller Russian peer Sual Group and the alumina assets of Swiss commodities trader Glencore International AG.
HSBC Holdings PLC (0005.HK) advised China Vision Resources.
Founded in 1917 by Ernest Oppenheimer to exploit the world’s biggest gold field near Johannesburg, Anglo expanded into banking and sugar as the country’s isolation during apartheid stopped it buying mines elsewhere.
It moved headquarters to London in 1999 and has since bought copper mines in Chile and asphalt businesses in the U.K. Anglo also took over Johannesburg-based diamond producer De Beers, of which the Oppenheimers hold 40 percent.
E. Oppenheimer & Son, will invest more of its money in African non-mining businesses and South African private equity units, it said in an e-mailed statement.
Posted in Metal News | No Comments »
Base metals close softer in London: Nickel pares gains, copper down 5%
Base metals on the London Metals Exchange fell Friday, with copper leading the way with a drop of about 5%, due to general profit-taking and speculative selling, traders and analysts said.
Copper broke out to the downside from its recent trading range between $7,000 and $8,200 a metric ton, hitting a more than four-month low of $6,900/ton.
Speculative, momentum and CTA selling pressured prices, Robin Bhar of UBS in London said, driven in part by an increase in stocks. According to LME warehouse data, copper stocks Friday increased 1,625 tons to 148,200 tons.
“Copper suffered a blow to the downside on the back of fund liquidation and fresh selling after Thursday’s steady close,” said Michael Cuoco of Mitsui Bussan Commodities in New York. “On the radar screen at the moment is the 200-day moving average of $6,860/ton.”
LME copper will likely move to a new lower range of $6,700-$7,100/ton, analyst John Kemp at Sempra Metals said. “The market has been looking for a break lower for some time,” he said. “Whereas previously there was good support that made the market nervous about going short, the longs are now running out of ammunition.”
However, Kemp doesn’t expect an “immediate price collapse.”
Meanwhile, pressure in the copper market swept over into the other LME metals.
LME three-month nickel prices fell to Friday’s lows, driven by profit-taking, said a base metals trader. Nickel trades at $29,500/ton, down from Friday’s high of $31,200/ton.
Early Friday, the LME said it lifted the daily backwardation limit of $300 a metric ton on nickel it imposed Aug. 16. A reversion to the normal spread lending guidance will be effective from Monday.
Moreover, Bhar said physical traders report that demand is currently low and significantly off the frenetic levels of three to six months ago.
LME three-month aluminium gave back all of Thursday’s gains to trade at Friday’s low of $2,705/ton. Earlier Friday, a trader said LME aluminium’s poor fundamentals leave the metal to take its direction from other metals.
Despite a new record high of $4,580/ton earlier Friday and a continuous drawdown in stocks, zinc prices gave back the day’s gains to trade at a low of $4,260/ton on profit taking and overall base metals weakness. According to LME warehouse data, LME zinc stocks fell by 1,550 tons to 95,620 tons Friday, a 16-year low.
Posted in Metal News | No Comments »
Zambia: Copper, uranium deposits found near Lumwana
Latest results from mineral exploration drilling at Kanga prospect in Lumwana have confirmed the presence of copper and uranium deposits.
Equinox Minerals president and chief executive officer, Craig Williams, said copper and uranium intercepts reported at Kanga had similar grades and thickness as those within the Malundwe pit to the north of Lumwana.
In a Press statement released yesterday, Mr Williams saidall the exploration drill holes successfully intersected mineralised ore schists at an unexpected levels indicating the potential for further shallow mineralisation in the area.
According to Mr Williams, all holes drilled to date have intersected copper mineralisation that occurs as chalcopyrite with subordinate amounts of bornite while cobalt is also present
“Equinox Minerals has again demonstrated ongoing success through the application of its exploration techniques and strategy. Most importantly, the Kanga copper and uranium mineralisation is close to the Lumwana plant site which is now under construction, thereby enhancing the potential to extend the mine into this area,” he said.
Mr Williams said the ongoing drilling at Kanga would continue to define additional copper and uranium mineralisation to a reportable standard.
Posted in Copper, Metal News | No Comments »
China’s aluminium exports and imports fall in first ten months
China’s aluminium exports in the first ten months dropped 7.3 percent from the same period a year earlier and imports also fell 3 percent, according to the General Customs Administration Friday.
Exports totaled 1.04 million tons, down 7.3 percent from the same period a year earlier. October’s exports were 72,420 tons, falling 33.64 percent compared to a year earlier.
Aluminium imports also dropped 3 percent in the first ten months to 1.01 million tons.
October’s imports were 82,353 tons, down 18.44 percent from September.
Posted in Aluminium, Metal News | No Comments »
Zinc-focused junior raises A$11m
A placement to institutional investors has raised A$11-million for Terramin Australia as the emerging zinc producer looks to accelerate work on its flagship projects in Algeria and South Australia.
The company announced on Thursday it had placed 6,7-million ordinary shares at A$1,64 a share in a capital raising arranged by, and made to domestic and international institutional clients of, Austock Corporate Finance Limited.
Settlement would occur on November 14, and the new shares would rank equally with existing shares.
On completion of the placement, Terramin would have 83 927 008 ordinary shares on issue. Participants in the placement represent a mix of current and new institutional investors from Australia and offshore which had enabled Terramin to broaden its institutional shareholder base.
The company said in a statement that it would use the proceeds raised to fund the rapid advancement of the infill diamond drilling and prefeasibility programme under way at the Oued Amizour zinc project, in Algeria.
Moreover, it planned to fund key mine infrastructure, including the electricity substation for the Angas zinc project, south of Adelaide, which was due to start production late next year.
Terramin reported that, in Algeria, the drilling of the 50-million tonne Tala Hamza zinc deposit within the company’s 65%-owned Oued Amizour zinc project was being accelerated to allow an estimation of a Jorc resource(s) early next year.
“The data from 40 diamond drill holes drilled up until 1994 by ORGM (the Algerian Government exploration agency) and which defined the deposit, is reported to be of high standard so Jor compliance should be achieved soon,” Terramin MD Dr Kevin Moriarty said on Thursday.
“Under a drilling programme to confirm the ORGM data, the third hole is currently near completion, the first hole which had to be abandoned after entering high grade mineralisation, will be redrilled, and the second hole, TH002, intersected 180 metres of mineralisation from 321 metre depth,” Moriarty reported.
He said that the TH002 mineralised core was on the way to Australia for assaying, adding that the drill programme would continue to close up the spacing to 40 m to 50 m with infill holes between the 40 ORGM holes to enable estimation of reserves.
“The accelerated programme will employ a new third heavy duty rig to concurrently test the deposit’s extension southwards where mineralisation has been intersected over several kilometres.”...
read more
消息來源
Throwing water on the argument that hedge funds and institutional investors will continue to drive copper futures higher as they increase their portfolios’ exposure to commodities, Merrill predicts copper’s weakening fundamentals will douse investor interest, pushing prices nearer to the cost of production, as is the case with aluminium.
“If copper supply demand deteriorates to the situation of aluminium, it too will be priced…close to (the) cash cost of production,” the report said.
Merrill estimates the cash cost of production to be near $3,725 a metric ton, way below the cash price of copper currently. On Friday, the cash price of copper was at $7,220.50/ton on the London Mercantile Exchange.
A 30% drop would bring the price of copper to $5,054/ton, which it believes is a price low enough to spur Chinese consumers to restock their empty warehouses.
In May, copper, the traditional flagship of the base metals complex, surged to an all-time high of $8,825/ton, helping to float other base metals to their own highs. It has traded sideways for the past two months, unable to build momentum for a break out of its current trading range of $7,000-$8,000/ton.
Merrill forecasts copper production will rise 5.3% in 2007, more than double the expected growth in demand of 2%, which should pressure prices. It is predicting a copper surplus of 500,000 tons in 2007, rising to 750,000 tons in 2008, before declining to 600,000 tons in 2009.
The surplus is due to a strong response from miners to high prices and a slowdown in copper consumption in the U.S. and Europe, the report said. “There are considerable copper expansions and growth projects already being commissioned that should drive production growth of 5.3% in 2007.”
Meanwhile, the housing sector in the U.S., which consumes possibly 5% of the world’s copper, is likely to continue its decline. This slowdown in the U.S. housing industry and other sectors of its economy will likely have an impact on China’s consumption as well, since much of its copper exports are destined for the U.S. market.
“We expect Chinese copper consumption to slow in line with the products that it manufactures for export to the USA,” the report stated.
However, Merrill expects China’s consumption, already a quarter of the world’s total, will actually rebound strongly from a decline of 1.9% this year to 8% growth in 2007. Still, it expects that won’t be enough to eat up the surplus in the market.
With surpluses likely in the next three years, global copper inventories should recover from levels today, which are near their historical lows, and Merrill suggests this trend has likely already begun.
In the past two weeks, copper stocks at LME warehouses have risen on a near daily basis, a trend Merrill believes is a clear sign of weakening demand, especially in China. It predicts inventories will be sufficient for around 2.7 weeks of consumption by the end of 2007 – compared to just three days now.
The recent inventory buildup has so far mostly been confined to Asia, and Singapore in particular, a sign that the trend is being driven by declining Chinese consumption, the report stated.
A further cause to believe stocks will likely increase is that the copper miners face less risk its production will be disrupted by strikes, natural disasters or civil unrest, Merrill said.
“What the market has miscalculated in the copper market in the last two years is the extent of supply disruptions that have hit the market.”
Posted in Metal News | No Comments »
Assets of Hamburger Aluminium Werk sold to Trimet for restart
Aluminium major Norsk Hydro said Friday that the assets of Hamburger Aluminium Werk will be sold to German Trimet Aluminium with effect as of December 1.
On Friday the three HAW shareholders, Alcoa, AMAG and Hydro, with 33.33% each, signed respective agreements with Trimet and with the owner of the site’s real estate, the Hamburg Port Authority. Trimet was to restart the plant, which would offer at least 400 jobs in the new operation, according to a joint press release.
The companies said the three current owners in 2005 decided to close HAW because of the high power prices in Germany. Since this decision was made, the price for primary aluminium, as noted on the London Metal Exchange, has clearly increased, while spot price for the raw material alumina has come sharply down. However, forward prices in the German power market have increased,” the groups said.
The statement said the HAW shareholders still missed a German power price regime that provided a sustainable, long-term perspective for aluminium production. “Based on a specific product portfolio, Trimet is ready to take the challenge for restarting the plant and create new employment,” the companies said, adding that the Hamburg Port Authority had facilitated this transaction by agreeing to the termination of HAW’s lease agreement, at terms acceptable to both parties.
“As main part of today’s deal, all HAW assets are sold to Trimet who will restart the anode plant and the electrolysis. In addition, Hydro will sell to Trimet certain site infrastructure assets that it acquired from HAW when it was closed. Hydro and Trimet will simultaneously enter an agreement to provide site services to one another,” the statement said.
Hydro and the Hamburg Port Authority have agreed on a draft of a new lease agreement for the casthouse area, which until now has been subleased from HAW. In addition Trimet and the Hamburg Port Authority have agreed on a new lease agreement for the HAW site, the companies said.
Posted in Aluminium, Metal News | No Comments »
Russia exported in January-September 3.053 million metric tons of primary aluminium, 1.7% less on the year, while refined copper exports during the period fell by 11.3% to 187,000 tons, the Federal Customs Service reported Friday.
Russia exported in January-September 3.053 million metric tons of primary aluminium, 1.7% less on the year, while refined copper exports during the period fell by 11.3% to 187,000 tons, the Federal Customs Service reported Friday.
Exports of nickel during the period increased by 3% on the year to 188,000 tons.
Posted in Metal News | No Comments »
Base metals close softer in London: Nickel pares gains, copper down 5%
Base metals on the London Metals Exchange fell Friday, with copper leading the way with a drop of about 5%, due to general profit-taking and speculative selling, traders and analysts said.
Copper broke out to the downside from its recent trading range between $7,000 and $8,200 a metric ton, hitting a more than four-month low of $6,900/ton.
Speculative, momentum and CTA selling pressured prices, Robin Bhar of UBS in London said, driven in part by an increase in stocks. According to LME warehouse data, copper stocks Friday increased 1,625 tons to 148,200 tons.
“Copper suffered a blow to the downside on the back of fund liquidation and fresh selling after Thursday’s steady close,” said Michael Cuoco of Mitsui Bussan Commodities in New York. “On the radar screen at the moment is the 200-day moving average of $6,860/ton.”
LME copper will likely move to a new lower range of $6,700-$7,100/ton, analyst John Kemp at Sempra Metals said. “The market has been looking for a break lower for some time,” he said. “Whereas previously there was good support that made the market nervous about going short, the longs are now running out of ammunition.”
However, Kemp doesn’t expect an “immediate price collapse.”
Meanwhile, pressure in the copper market swept over into the other LME metals.
LME three-month nickel prices fell to Friday’s lows, driven by profit-taking, said a base metals trader. Nickel trades at $29,500/ton, down from Friday’s high of $31,200/ton.
Early Friday, the LME said it lifted the daily backwardation limit of $300 a metric ton on nickel it imposed Aug. 16. A reversion to the normal spread lending guidance will be effective from Monday.
Moreover, Bhar said physical traders report that demand is currently low and significantly off the frenetic levels of three to six months ago.
LME three-month aluminium gave back all of Thursday’s gains to trade at Friday’s low of $2,705/ton. Earlier Friday, a trader said LME aluminium’s poor fundamentals leave the metal to take its direction from other metals.
Despite a new record high of $4,580/ton earlier Friday and a continuous drawdown in stocks, zinc prices gave back the day’s gains to trade at a low of $4,260/ton on profit taking and overall base metals weakness. According to LME warehouse data, LME zinc stocks fell by 1,550 tons to 95,620 tons Friday, a 16-year low.
Posted in Nickel, Metal News | No Comments »
Zambia’s Muliashi Copper Mines: Feasibility study ready by April 07
Zambia’s Muliashi Copper Mines’ updated feasibility study is expected to be ready by April 2007, paving the way for initial copper production at the mine, Luanshya Copper Mines’ chief executive officer said, Zambia’s state-owned daily reports Monday.
Derek Webbstock told The Times of Zambia that the study would look at various issues including engineering designs and construction of the mine.
According to an official with Zambia’s Ministry of Mines and Minerals Development, construction of the 50,000-tons-a-year copper mine is behind schedule, adding that the delay in the start of production is blamed on protracted talks between the Zambian government and Switzerland-based J&W Investments over a mine development agreement.
The government is pressing for a revised agreement that would entitle it to gain from a future international copper price increase, an industry insider told.
Last year, the Zambian government reached an agreement with Equinox Minerals Ltd., owners of the $762 million Lumwana Copper Mine that will entitle it to share profits with the company in case of a future copper price increase.
Posted in Copper, Metal News | No Comments »
Oppenheimers sell Anglo American shares
E. Oppenheimer & Son, the Oppenheimer family investment company, Friday sold part of its stake in diversified natural resources group Anglo American PLC (AAUK) to a Chinese investor, in a move one analyst said could precipitate a bigger deal.
The Oppenheimers have sold 17 million Anglo American shares to China Vision Resources Ltd., reducing their stake in the company to 2.29% from 3.3%, an Anglo American spokesman said. China Vision Resources is owned by “private individual” Larry Yung, the spokesman added.
China Vision paid some GBP425 million for the stake, according to a person familiar with the situation.
Larry Yung is chairman and managing director of CITIC Hong Kong (Holdings) Limited, and an executive director of the CITIC Group conglomerate. CITIC couldn’t immediately be reached for comment.
In a press release, E Oppenheimer & Sons said it will continue to hold more than two percent of Anglo American, and will retain its 40% stake in diamond producer De Beers.
The Anglo American spokesman said, “This is part of the Oppenheimer family’s stated intention to diversify their investments.”
He added, “they remain fully supportive of the Anglo management team, the restructuring process under way and the appointment of (new chief executive) Cynthia Carroll,” he added.
Anglo said Oct. 24 that Alcan Inc.’s Cynthia Carroll will become chief executive when current CEO Tony Trahar steps down in March, the first time in the mining company’s history it will be headed by an outsider and a woman.
One analyst said the share purchase could herald the start of a bidding contest for Anglo American, saying it could be “the first tank on the lawn.”
“Everyone had thought that Xstrata PLC (XTA.LN) or Rusal were going to wait,” he said, “this could well change things dramatically.”
Mining sector watchers regard Xstrata and Rusal as credible bidders for Anglo American. Anglo American is in the midst of a restructuring – spinning out its paper and packaging business and selling down its stake in AngloGold Ashanti (AU).
Xstrata declined comment.
But the analyst also said Chinese investors often take stakes in companies to have better leverage over them and as a consequence ensure a steady supply of raw materials.
The sale underscores China’s attempts to bolster its hold on mining resources and accelerates Anglo’s transformation from a chiefly South African gold and platinum producer to a global industrial metals producer.
At 1625 GMT, Anglo American’s shares in London were trading up 25 pence, or 1.01%, at 2,490 pence, outperforming a downbeat mining sector.
In an emailed statement Rusal said its strategy was to strengthen its position in aluminium and alumina.”
“No additional decisions concerning the strategy have been made so far,” Rusal went on to say.
“Any change in the strategy is a prerogative of the Board of Directors of the United Company which will be formed by 1 April 2007. Any changes in the strategy are possible only when the deal is closed.”
Rusal is currently finishing up a deal to form the world’s biggest aluminium company, combining with smaller Russian peer Sual Group and the alumina assets of Swiss commodities trader Glencore International AG.
HSBC Holdings PLC (0005.HK) advised China Vision Resources.
Founded in 1917 by Ernest Oppenheimer to exploit the world’s biggest gold field near Johannesburg, Anglo expanded into banking and sugar as the country’s isolation during apartheid stopped it buying mines elsewhere.
It moved headquarters to London in 1999 and has since bought copper mines in Chile and asphalt businesses in the U.K. Anglo also took over Johannesburg-based diamond producer De Beers, of which the Oppenheimers hold 40 percent.
E. Oppenheimer & Son, will invest more of its money in African non-mining businesses and South African private equity units, it said in an e-mailed statement.
Posted in Metal News | No Comments »
Base metals close softer in London: Nickel pares gains, copper down 5%
Base metals on the London Metals Exchange fell Friday, with copper leading the way with a drop of about 5%, due to general profit-taking and speculative selling, traders and analysts said.
Copper broke out to the downside from its recent trading range between $7,000 and $8,200 a metric ton, hitting a more than four-month low of $6,900/ton.
Speculative, momentum and CTA selling pressured prices, Robin Bhar of UBS in London said, driven in part by an increase in stocks. According to LME warehouse data, copper stocks Friday increased 1,625 tons to 148,200 tons.
“Copper suffered a blow to the downside on the back of fund liquidation and fresh selling after Thursday’s steady close,” said Michael Cuoco of Mitsui Bussan Commodities in New York. “On the radar screen at the moment is the 200-day moving average of $6,860/ton.”
LME copper will likely move to a new lower range of $6,700-$7,100/ton, analyst John Kemp at Sempra Metals said. “The market has been looking for a break lower for some time,” he said. “Whereas previously there was good support that made the market nervous about going short, the longs are now running out of ammunition.”
However, Kemp doesn’t expect an “immediate price collapse.”
Meanwhile, pressure in the copper market swept over into the other LME metals.
LME three-month nickel prices fell to Friday’s lows, driven by profit-taking, said a base metals trader. Nickel trades at $29,500/ton, down from Friday’s high of $31,200/ton.
Early Friday, the LME said it lifted the daily backwardation limit of $300 a metric ton on nickel it imposed Aug. 16. A reversion to the normal spread lending guidance will be effective from Monday.
Moreover, Bhar said physical traders report that demand is currently low and significantly off the frenetic levels of three to six months ago.
LME three-month aluminium gave back all of Thursday’s gains to trade at Friday’s low of $2,705/ton. Earlier Friday, a trader said LME aluminium’s poor fundamentals leave the metal to take its direction from other metals.
Despite a new record high of $4,580/ton earlier Friday and a continuous drawdown in stocks, zinc prices gave back the day’s gains to trade at a low of $4,260/ton on profit taking and overall base metals weakness. According to LME warehouse data, LME zinc stocks fell by 1,550 tons to 95,620 tons Friday, a 16-year low.
Posted in Metal News | No Comments »
Zambia: Copper, uranium deposits found near Lumwana
Latest results from mineral exploration drilling at Kanga prospect in Lumwana have confirmed the presence of copper and uranium deposits.
Equinox Minerals president and chief executive officer, Craig Williams, said copper and uranium intercepts reported at Kanga had similar grades and thickness as those within the Malundwe pit to the north of Lumwana.
In a Press statement released yesterday, Mr Williams saidall the exploration drill holes successfully intersected mineralised ore schists at an unexpected levels indicating the potential for further shallow mineralisation in the area.
According to Mr Williams, all holes drilled to date have intersected copper mineralisation that occurs as chalcopyrite with subordinate amounts of bornite while cobalt is also present
“Equinox Minerals has again demonstrated ongoing success through the application of its exploration techniques and strategy. Most importantly, the Kanga copper and uranium mineralisation is close to the Lumwana plant site which is now under construction, thereby enhancing the potential to extend the mine into this area,” he said.
Mr Williams said the ongoing drilling at Kanga would continue to define additional copper and uranium mineralisation to a reportable standard.
Posted in Copper, Metal News | No Comments »
China’s aluminium exports and imports fall in first ten months
China’s aluminium exports in the first ten months dropped 7.3 percent from the same period a year earlier and imports also fell 3 percent, according to the General Customs Administration Friday.
Exports totaled 1.04 million tons, down 7.3 percent from the same period a year earlier. October’s exports were 72,420 tons, falling 33.64 percent compared to a year earlier.
Aluminium imports also dropped 3 percent in the first ten months to 1.01 million tons.
October’s imports were 82,353 tons, down 18.44 percent from September.
Posted in Aluminium, Metal News | No Comments »
Zinc-focused junior raises A$11m
A placement to institutional investors has raised A$11-million for Terramin Australia as the emerging zinc producer looks to accelerate work on its flagship projects in Algeria and South Australia.
The company announced on Thursday it had placed 6,7-million ordinary shares at A$1,64 a share in a capital raising arranged by, and made to domestic and international institutional clients of, Austock Corporate Finance Limited.
Settlement would occur on November 14, and the new shares would rank equally with existing shares.
On completion of the placement, Terramin would have 83 927 008 ordinary shares on issue. Participants in the placement represent a mix of current and new institutional investors from Australia and offshore which had enabled Terramin to broaden its institutional shareholder base.
The company said in a statement that it would use the proceeds raised to fund the rapid advancement of the infill diamond drilling and prefeasibility programme under way at the Oued Amizour zinc project, in Algeria.
Moreover, it planned to fund key mine infrastructure, including the electricity substation for the Angas zinc project, south of Adelaide, which was due to start production late next year.
Terramin reported that, in Algeria, the drilling of the 50-million tonne Tala Hamza zinc deposit within the company’s 65%-owned Oued Amizour zinc project was being accelerated to allow an estimation of a Jorc resource(s) early next year.
“The data from 40 diamond drill holes drilled up until 1994 by ORGM (the Algerian Government exploration agency) and which defined the deposit, is reported to be of high standard so Jor compliance should be achieved soon,” Terramin MD Dr Kevin Moriarty said on Thursday.
“Under a drilling programme to confirm the ORGM data, the third hole is currently near completion, the first hole which had to be abandoned after entering high grade mineralisation, will be redrilled, and the second hole, TH002, intersected 180 metres of mineralisation from 321 metre depth,” Moriarty reported.
He said that the TH002 mineralised core was on the way to Australia for assaying, adding that the drill programme would continue to close up the spacing to 40 m to 50 m with infill holes between the 40 ORGM holes to enable estimation of reserves.
“The accelerated programme will employ a new third heavy duty rig to concurrently test the deposit’s extension southwards where mineralisation has been intersected over several kilometres.”...
read more
消息來源
Monday, December 11, 2006
[+/-] : The amount of antimony product export quota will be decreased next year
Chinese government has decreased the export quota of Antimony , Tungsten, Tin product of next year.
Chinese Commercial Ministry disclosed the highest quantity of Tungsten and Tungsten product exports is 15.80 thousand ton.
The upper limit for Antimony and Antimony product exports is 63.70 thousand ton, for Tin and Tin product is 53.00 thousand ton next year.
Compared with the total of last year the quantity of the three mentioned above is 16.30 thousand ton, 65.7thousand ton and 57 thousand ton.
Meanwhile the amount quota of magnesium product exported was deduced from 140 ton this year to 136 ton next year while the amount of silver exported quota is increased from 3500 ton this year to 4000 ton next year.
Any quota applicants measured up are able to Directly apply for quota from Commercial Ministry or Provinces, Municipalities, Cities directly under the jurisdiction of nation , Cities singly planned or Production and Construction Corps administered by Commercial Ministry in accordance with certain regulations. The acceptance time of Commercial Ministry is from 1 st Nov to 15 th Nov.
...
read more
Chinese Commercial Ministry disclosed the highest quantity of Tungsten and Tungsten product exports is 15.80 thousand ton.
The upper limit for Antimony and Antimony product exports is 63.70 thousand ton, for Tin and Tin product is 53.00 thousand ton next year.
Compared with the total of last year the quantity of the three mentioned above is 16.30 thousand ton, 65.7thousand ton and 57 thousand ton.
Meanwhile the amount quota of magnesium product exported was deduced from 140 ton this year to 136 ton next year while the amount of silver exported quota is increased from 3500 ton this year to 4000 ton next year.
Any quota applicants measured up are able to Directly apply for quota from Commercial Ministry or Provinces, Municipalities, Cities directly under the jurisdiction of nation , Cities singly planned or Production and Construction Corps administered by Commercial Ministry in accordance with certain regulations. The acceptance time of Commercial Ministry is from 1 st Nov to 15 th Nov.
...
read more
[+/-] : South Korean government plans to stockpile rare metals in 2006
The South Korean government plans to launch a stockpile of 13 rare metals and ferroalloys in 2006, an official in charge of metals at Ministry of Commerce, Industry and Energy said on Tuesday.
The government plans to stockpile molybdenum, tungsten, chrome and ferrochrome, cobalt, manganese and ferromanganese, vanadium and ferrovanadium, indium, titanium, antimony, niobium, tungsten, thallium, and selenium for amounts enough for two months consumption in the country, the official said.
The government has decided to stockpile the metals in 2005. The budget has been provided to stockpile the metals in 2006, but actual sourcing of the metals has not started yet, the ministry official said.
The government is currently discussing whether to have the stockpiling managed by South Korea's state run Korea Resources Corporation, or the Defense Procurement Agency, the official said.
Several market sources in Japan said they are taking note of rare metal stockpiling moves by Asian governments as they may cause the regional spot metal prices to rise.
The Japanese government currently stockpiles cobalt, vanadium, nickel, tungsten, manganese, chrome and molybdenum for 21-32 days of consumption. Japanese industry sources have voiced concerns that the current stockpiling levels would not support the country's industry in times of supply shortages. Koichi Fukushima, the former chairman of Japan Mining Industry Association, said in January this year: "There are views that the current rare metal stockpile levels are too low. The national stockpile of oil products is equivalent to 90 days of consumption, and metal stockpiles should be at that level."
One Japanese trader said he also expects the Chinese government to adapt similar policies of stepping up metal stockpiles....
read more
The government plans to stockpile molybdenum, tungsten, chrome and ferrochrome, cobalt, manganese and ferromanganese, vanadium and ferrovanadium, indium, titanium, antimony, niobium, tungsten, thallium, and selenium for amounts enough for two months consumption in the country, the official said.
The government has decided to stockpile the metals in 2005. The budget has been provided to stockpile the metals in 2006, but actual sourcing of the metals has not started yet, the ministry official said.
The government is currently discussing whether to have the stockpiling managed by South Korea's state run Korea Resources Corporation, or the Defense Procurement Agency, the official said.
Several market sources in Japan said they are taking note of rare metal stockpiling moves by Asian governments as they may cause the regional spot metal prices to rise.
The Japanese government currently stockpiles cobalt, vanadium, nickel, tungsten, manganese, chrome and molybdenum for 21-32 days of consumption. Japanese industry sources have voiced concerns that the current stockpiling levels would not support the country's industry in times of supply shortages. Koichi Fukushima, the former chairman of Japan Mining Industry Association, said in January this year: "There are views that the current rare metal stockpile levels are too low. The national stockpile of oil products is equivalent to 90 days of consumption, and metal stockpiles should be at that level."
One Japanese trader said he also expects the Chinese government to adapt similar policies of stepping up metal stockpiles....
read more
[+/-] : Japan's spot indium, antimony trade slows after China rebate cut
Spot indium and antimony trade in Japan has been slow this week after the Chinese government's announcement to cut tax rebates on these metals effective September 15, Japanese trade sources said.
Japanese traders said spot offers for the rare metals stopped coming in this week after the Chinese government's announcement on September 15 to cancel or reduce tax rebates on some metal exports. Before September 15, China's rare metal exporters had 13% of their indium export costs and 5% of the antimony export costs refunded from the government. Effective September 15, for exports signed on and after the date, the tax rebates would be eliminated and Chinese metal exporters would no longer enjoy the refund.
One Japanese trader said he has heard views that the Chinese tax authority would accept applications for tax rebates until the end of this year as long as the contract was signed on September 14 or before. "But the authority may be strict about submission dates, as Friday's announcement specifically said document 'forgeries' are not acceptable." Another trader said he has heard from his counterparts in China that the Chinese tax authority had refused to accept documents that were submitted on Friday for exports dated earlier.
Japanese trade sources said unanimously that they have received no new spot offers for indium or antimony from China this week, and trading activities had slowed.
Regarding the price trends in the coming weeks, indium metal traders in Tokyo said they do not expect to see the metal prices jump by 13% immediately. One trader said a 13% tax rebate cut translates as $70 rise in export prices, but since the spot demand has softened on the back of high material stock level in China, sellers would not add on the $70 cost rise straight away.
Chinese-origin 99.99% purity indium metal was quoted in a broad range of $550-650/kg CIF Japan in the week ended September 15. In early September, a deal involving more than 1 mt of the metal was concluded at levels below $600/kg CIF Japan.
A source close to a Japanese indium metal producer agreed, adding that the range of Chinese offer prices that has widened as much as $100/kg suggested that the sellers were setting their offers based on their own financial and stocks situations, rather than the market fundamentals.
"Some who would want to sell at prices below their break even points, would not transfer the 13% rise in export costs until later...some may transfer costs earlier," the source said.
Spot antimony metal supply is relatively tighter compared to indium, sources said. The antimony market sentiment was mixed, with one Japanese trader seeing "a slow transfer of rebate costs on softer demand," while one consumer in the flame retardant material sector expecting tighter spot supply followed by a price rise. The trader said he heard antimony metal being quoted at $5,400/mt CIF Japan on the week ended September 15....
read more
Japanese traders said spot offers for the rare metals stopped coming in this week after the Chinese government's announcement on September 15 to cancel or reduce tax rebates on some metal exports. Before September 15, China's rare metal exporters had 13% of their indium export costs and 5% of the antimony export costs refunded from the government. Effective September 15, for exports signed on and after the date, the tax rebates would be eliminated and Chinese metal exporters would no longer enjoy the refund.
One Japanese trader said he has heard views that the Chinese tax authority would accept applications for tax rebates until the end of this year as long as the contract was signed on September 14 or before. "But the authority may be strict about submission dates, as Friday's announcement specifically said document 'forgeries' are not acceptable." Another trader said he has heard from his counterparts in China that the Chinese tax authority had refused to accept documents that were submitted on Friday for exports dated earlier.
Japanese trade sources said unanimously that they have received no new spot offers for indium or antimony from China this week, and trading activities had slowed.
Regarding the price trends in the coming weeks, indium metal traders in Tokyo said they do not expect to see the metal prices jump by 13% immediately. One trader said a 13% tax rebate cut translates as $70 rise in export prices, but since the spot demand has softened on the back of high material stock level in China, sellers would not add on the $70 cost rise straight away.
Chinese-origin 99.99% purity indium metal was quoted in a broad range of $550-650/kg CIF Japan in the week ended September 15. In early September, a deal involving more than 1 mt of the metal was concluded at levels below $600/kg CIF Japan.
A source close to a Japanese indium metal producer agreed, adding that the range of Chinese offer prices that has widened as much as $100/kg suggested that the sellers were setting their offers based on their own financial and stocks situations, rather than the market fundamentals.
"Some who would want to sell at prices below their break even points, would not transfer the 13% rise in export costs until later...some may transfer costs earlier," the source said.
Spot antimony metal supply is relatively tighter compared to indium, sources said. The antimony market sentiment was mixed, with one Japanese trader seeing "a slow transfer of rebate costs on softer demand," while one consumer in the flame retardant material sector expecting tighter spot supply followed by a price rise. The trader said he heard antimony metal being quoted at $5,400/mt CIF Japan on the week ended September 15....
read more
[+/-] : Japan's spot antimony prices steady; trade slows on China break
Spot antimony ingot prices in Japan have held steady this week at around $5,200/mt CIF Japan due to slow trade, Japanese trade sources said Tuesday.
One Tokyo-based trader said: "Last week we did some sales at $5,200/mt CIF Japan but there has been no deals this week." The China market is closed from October 1-7 for National Day holidays. "Demand is stable in China but has actually picked up compared with last year," he said, adding: "I am not so sure whether prices will pick up again after the Chinese holidays. But we may see the effect later this year or January next year on Chinese government cutting tax rebates on antimony since September 15." The Japanese trader said he has heard views that the Chinese tax authority would accept applications for tax rebates until the end of this year as long as the contract was signed on September 14 or before. Chinese producers in China, however, said the Chinese authority had refused to accept documents on tax rebates starting September 15.
The Chinese government cancels the previous 5% antimony export rebate effective September 15, 2006. But according to industry sources, the news has failed to firm prices.
Meanwhile, the trader added that it is likely to become "more difficult" to source the high grade antimony ingot from China in the future. Most Japanese favor importing the number one grade antimony metal, but more feed supplies from China are now with higher impurities as the antimony concentrates that they import from overseas are in lower quality, the trader said, adding: "In the future, it may become more difficult to source the good quality antimony ingot from China."
Another Japanese trader added: "Prices are now steady at around $5,200/mt CIF Japan. We have received no spot offers from China so far this week. Domestic demand is strong in China and more supplies go to domestic sales instead of exports."
One Hong Kong-based trader said offers for antimony metal from China were at a standstill in China this week affected by the country's national holidays this week. "Offer prices to Europe was last heard quoting at around $5,300/mt CIF Rotterdam. I still think the $5,000/mt mark is a key support level for antimony since antimony concentrate supplies are still in shortage in China."...
read more
One Tokyo-based trader said: "Last week we did some sales at $5,200/mt CIF Japan but there has been no deals this week." The China market is closed from October 1-7 for National Day holidays. "Demand is stable in China but has actually picked up compared with last year," he said, adding: "I am not so sure whether prices will pick up again after the Chinese holidays. But we may see the effect later this year or January next year on Chinese government cutting tax rebates on antimony since September 15." The Japanese trader said he has heard views that the Chinese tax authority would accept applications for tax rebates until the end of this year as long as the contract was signed on September 14 or before. Chinese producers in China, however, said the Chinese authority had refused to accept documents on tax rebates starting September 15.
The Chinese government cancels the previous 5% antimony export rebate effective September 15, 2006. But according to industry sources, the news has failed to firm prices.
Meanwhile, the trader added that it is likely to become "more difficult" to source the high grade antimony ingot from China in the future. Most Japanese favor importing the number one grade antimony metal, but more feed supplies from China are now with higher impurities as the antimony concentrates that they import from overseas are in lower quality, the trader said, adding: "In the future, it may become more difficult to source the good quality antimony ingot from China."
Another Japanese trader added: "Prices are now steady at around $5,200/mt CIF Japan. We have received no spot offers from China so far this week. Domestic demand is strong in China and more supplies go to domestic sales instead of exports."
One Hong Kong-based trader said offers for antimony metal from China were at a standstill in China this week affected by the country's national holidays this week. "Offer prices to Europe was last heard quoting at around $5,300/mt CIF Rotterdam. I still think the $5,000/mt mark is a key support level for antimony since antimony concentrate supplies are still in shortage in China."...
read more
[+/-] : Chinese antimony ingot prices remain firm at $5,400-5,500/mt CIF
Chinese antimony prices have held their recent gains with prices mostly quoting at $5,400-5,500/mt CIF Rotterdam as the market continues to be fuelled by tight raw material supplies, strong domestic demand and the cancellation of the export rebate, according to industry sources.
An official from Beijing Antaike, the state-run nonferrous information provider, told Platts on Tuesday: "Most spot material is being sold at above $5,300/mt CIF Rotterdam with better grade material sold at $5,400-5,500/mt CIF." He added: "Prices are likely to continue slowly moving upwards and prices may test even higher levels close to the year-end. But Antaike predicts that prices are likely to be capped at $5,800-5,900/mt on a CIF basis. It's difficult for prices to break through the $6,000/mt mark."
Local traders said domestic prices are now quoted even higher than exports, leveling at above Yuan 42,000 ($5,328)/mt. The Antaike official agreed, adding: "Recent business was heard being settled at a high of Yuan 45,000/mt, tax inclusive. Domestic demand is strong and prices are quoted even higher than the export values." One local trader added that local transactions have been active due to "more demand and tight supply".
An official from China's Yunnan Muli Antimony Mine which produces 6,000 mt/year of antimony trioxide, said: "Prices are still high as raw material supplies remain in shortage in China. The cancellation of the export rebate this year is also a factor holding prices firm," he added.
China cancelled the export rebate on unwrought magnesium, magnesium alloys, scrap, and granules effective September 15, 2006. The export rebate on most magnesium products before September was 5%.
INGOT EXPORTS SET TO DROP 5% IN 2006: ANTAIKE
Meanwhile, the Antaike official also noted that antimony ingot exports from China was likely to reduce by 5% in 2006 compared with last year's level.
"China exported about 15,000 mt of antimony ingot last year and this year's export level is likely to reduce as the removal of the export rebate slows exports," he said.
"Antimony exports as a whole including ingot, semis and other products, however, are expected to maintain at last year's level at around 80,000 mt. Despite expected lower ingot exports, exports of other processed products are likely to increase. So we will see total antimony exports this year maintain at last year's level."...
read more
An official from Beijing Antaike, the state-run nonferrous information provider, told Platts on Tuesday: "Most spot material is being sold at above $5,300/mt CIF Rotterdam with better grade material sold at $5,400-5,500/mt CIF." He added: "Prices are likely to continue slowly moving upwards and prices may test even higher levels close to the year-end. But Antaike predicts that prices are likely to be capped at $5,800-5,900/mt on a CIF basis. It's difficult for prices to break through the $6,000/mt mark."
Local traders said domestic prices are now quoted even higher than exports, leveling at above Yuan 42,000 ($5,328)/mt. The Antaike official agreed, adding: "Recent business was heard being settled at a high of Yuan 45,000/mt, tax inclusive. Domestic demand is strong and prices are quoted even higher than the export values." One local trader added that local transactions have been active due to "more demand and tight supply".
An official from China's Yunnan Muli Antimony Mine which produces 6,000 mt/year of antimony trioxide, said: "Prices are still high as raw material supplies remain in shortage in China. The cancellation of the export rebate this year is also a factor holding prices firm," he added.
China cancelled the export rebate on unwrought magnesium, magnesium alloys, scrap, and granules effective September 15, 2006. The export rebate on most magnesium products before September was 5%.
INGOT EXPORTS SET TO DROP 5% IN 2006: ANTAIKE
Meanwhile, the Antaike official also noted that antimony ingot exports from China was likely to reduce by 5% in 2006 compared with last year's level.
"China exported about 15,000 mt of antimony ingot last year and this year's export level is likely to reduce as the removal of the export rebate slows exports," he said.
"Antimony exports as a whole including ingot, semis and other products, however, are expected to maintain at last year's level at around 80,000 mt. Despite expected lower ingot exports, exports of other processed products are likely to increase. So we will see total antimony exports this year maintain at last year's level."...
read more
[+/-] : Chinese antimony prices hold firm on bullish market sentiment
Chinese antimony metal prices have remained firm at above $5,000/mt CIF Rotterdam as sentiment in the market continues to be bullish, supported by tight domestic antimony concentrate supplies and stronger overseas demand due to the widely expected export rebate cut, industry sources told Platts Tuesday. Antimony metal prices were quoted at around $4,500-4,700/mt CIF in June and began climbing in July.
An official from Beijing Antaike, the state-owned nonferrous metals information provider, said offer prices were now quoted at $5,300-5,400/mt CIF Rotterdam.
"Actual done deals were quoted lower than that but getting close to the offer levels," he said. "Spot material sold to overseas should now be at around $5,100-5,200/mt on a CIF basis. Prices are still firm as antimony is still in shortage in China and overseas buyers' stockpiles are low at present."
Domestic consumption set to rise 10% in 2006
The Antaike official added that Chinese consumption of unwrought antimony was set to increase about 10% year on year in 2006. China consumed 60,000 mt of antimony in 2005.
"The consumption growth is set to be around 10% this year due to the growing demand in China," he said.
China-based industry sources said domestic antimony ingot prices were steady at around Yuan 42,000-43,000 ($5,249-5,374)/mt ex-plant.
The Antaike source added: "Domestic antimony ingot prices are quoting steady at Yuan 42,000/mt ex-plant. Demand in China has been steady so far."
An official from China's Guanglong Antimony Refinery agreed that some offer prices from Chinese producers were at highs of $5,300-5,400/mt CIF Rotterdam. "But producers can't find any buyers at this price level," he said. "Demand is not particulary strong at the moment but continued tight antimony supplies are holding prices firm."
Expected rebate cut to boost prices in long run
Industry sources said widely held expectations of an export rebate cut of 5% on antimony metals was also driving prices higher. There has been ongoing speculation that the export rebate would be canceled starting July 1, 2006, but the move has yet to be confirmed.
"Despite there being no official announcement on the export rebate cut, it's been widely expected that the current export rebate will be cancelled later this year. Now it's just a matter of time when this will happen," the Antaike source said.
He added: "We are likely to see less exports from China in the near future and this will probably lead to more supplies in the domestic market which may pressure down local prices in the near term." He expected, however, that export prices in the long run would rise "and may hit $6,000/mt since China is still the world's biggest supplier of antimony."
The source added that more Chinese producers were reluctant to sell much spot material, awaiting higher prices later this year due to the expected export rebate cut....
read more
An official from Beijing Antaike, the state-owned nonferrous metals information provider, said offer prices were now quoted at $5,300-5,400/mt CIF Rotterdam.
"Actual done deals were quoted lower than that but getting close to the offer levels," he said. "Spot material sold to overseas should now be at around $5,100-5,200/mt on a CIF basis. Prices are still firm as antimony is still in shortage in China and overseas buyers' stockpiles are low at present."
Domestic consumption set to rise 10% in 2006
The Antaike official added that Chinese consumption of unwrought antimony was set to increase about 10% year on year in 2006. China consumed 60,000 mt of antimony in 2005.
"The consumption growth is set to be around 10% this year due to the growing demand in China," he said.
China-based industry sources said domestic antimony ingot prices were steady at around Yuan 42,000-43,000 ($5,249-5,374)/mt ex-plant.
The Antaike source added: "Domestic antimony ingot prices are quoting steady at Yuan 42,000/mt ex-plant. Demand in China has been steady so far."
An official from China's Guanglong Antimony Refinery agreed that some offer prices from Chinese producers were at highs of $5,300-5,400/mt CIF Rotterdam. "But producers can't find any buyers at this price level," he said. "Demand is not particulary strong at the moment but continued tight antimony supplies are holding prices firm."
Expected rebate cut to boost prices in long run
Industry sources said widely held expectations of an export rebate cut of 5% on antimony metals was also driving prices higher. There has been ongoing speculation that the export rebate would be canceled starting July 1, 2006, but the move has yet to be confirmed.
"Despite there being no official announcement on the export rebate cut, it's been widely expected that the current export rebate will be cancelled later this year. Now it's just a matter of time when this will happen," the Antaike source said.
He added: "We are likely to see less exports from China in the near future and this will probably lead to more supplies in the domestic market which may pressure down local prices in the near term." He expected, however, that export prices in the long run would rise "and may hit $6,000/mt since China is still the world's biggest supplier of antimony."
The source added that more Chinese producers were reluctant to sell much spot material, awaiting higher prices later this year due to the expected export rebate cut....
read more
[+/-] : We can supply Antimony Trioxide MasterbatchEVA80,EVA90, PE80,PE90,PVC85,CPE85,PA80,PP80,PA405,PS80,PP401etc.
Antimony trioxide masterbatch is mainly used in granule of engineering plastics and fire retardant of plastic master batch production field.
We can supply antimony trioxide masterbatch EVA80,EVA90,PE80,PE90,PVC85,CPE85,PA80,PP80,PA0405 etc.
SAN80 is a master batch of 80% antimony trioxide based on SAN (Styrene- Acylonitrile copolymer),and can be used for ABS injection molding compounds.
CPE85 is a micro pellet master batch of 85% antimony trioxide based on CPE resin. It is developed especially for CPE/PVC flame retardant cable and compounds. It can be used also to ABS, PS compounds.
If you want to kown more or buy these products,pls don't hesitate to contact us.
High efficiency，less-toxicity, and environment(clean) character of this high consistency antimony trioxide master batch, more customers in Europe, Canada, Japan and some other countries. Prefer to know and choose. This product is made from high quality antimony trioxide by our unique process and disperse technique. According to their equipment features, customer can adopt granule or dust-free master batch mainly used in granule of engineering plastics and fire retardant of plastic master batch production field.
To konw more about our corporation,kindly visit our website:http://www.jiefu.com
Pls kindly check and revert at yr earlist.
Best regards!
sam xu (Sell engineer )
Jiefu Corporation
Add: Jiefu Industrial Park, Shuiping Industrial District, Dalang Town, Dongguang, China
Tel: 0769-83120165
Fax: 076983101592
E-mail: xubiao_1996@hotmail.com sam@jiefu.com...
read more
[+/-] : the Chinese antimony market is on the down grade 12.6.
--------------------------------------------------------------------------------
Daily Summary
News Headlines
BHP lowered cobalt price to USD30/lb 2006-12-6
Jinchuan raised cobalt price to RMB365/kg 2006-12-6
Hot rolled coil meets a stable price in Langfang 2006-12-6
Beijing medium plate price stands steady 2006-12-6
Participants still watching tungsten 2006-12-6
Traders lament manganese flake high price 2006-12-6
FeSi price might firm further in US 2006-12-6
Cobalt reeling from panicky market reaction 2006-12-6
Indian buyers expect molybdenum oxide to drop further 2006-12-6
Magnesium suppliers worry about possible tax regulation 2006-12-6
Which way for Indium this December? 2006-12-6
Ferrotungsten prices stable 2006-12-6
Tight supply to support cadmium market to remain in a high level 2006-12-6
Selenium dioxide producers tend to raise offers further 2006-12-6
Chinese ferromolybdenum market sluggish 2006-12-6
Chinese zircon sand market stays high 2006-12-6
Traders slowing down silicon metal purchasing 2006-12-6
Manganese alloys market stabilizes in States 2006-12-6
Chinese cobalt market to remain in a high level 2006-12-6
Bismuth price bounce up again in Indian market 2006-12-6
Chromite market remains bullish in China 2006-12-6
Indium market at the crossroad 2006-12-6
Chinese Ferrovanadium market to reach bottom? 2006-12-6
Magnesium dealers in Europe still pessimistic 2006-12-6
Zinc concentrate market remains strong 2006-12-6
Ferrodysprosium prices stable 2006-12-6
Chinese SiMn stronger due to tight supply 2006-12-6
Silicon carbide smelters operating at full capacity 2006-12-6
Manganese prices expected to breach RMB10,000/t 2006-12-6
Chinese reductive calcium market stable 2006-12-6
Billet market strong in Laiwu 2006-12-6
Supply of iron ore fines tight in Anshan 2006-12-6
Billets market stable in East China 2006-12-6
US HC FeCr market steady 2006-12-6
Steel scrap market upward trend in Henan 2006-12-6
Billets market quiet in Tangshan 2006-12-6
Steel scrap market stable in North Guangdong 2006-12-6
Market participants see tin ingot market favorably 2006-12-6
Steel scrap moving up in Jiangsu 2006-12-6
Pig iron market continue to be quiet in Tangshan 2006-12-6
Iron ore fines market stable in Tangshan 2006-12-6
Supply of iron ore fines sufficient in Fujian 2006-12-6
PrNd mischmetal on the rise 2006-12-6
Graphite electrode producers to purchase needle coke in domestic market 2006-12-6
Ferrosilicon market eyes cautious Chinese sellers 2006-12-6
Norilsk lowered cobalt price to USD23.5/lb 2006-12-6
New Proposals No. Date Item Specification Buy/Sell
4123 2006-12-6 As As2O3: 99%min Sell
4121 2006-12-6 Zr ZrO2: 66%min Sell
4118 2006-12-6 Ga Electronic grade(6N) IC-grade(7N) MBE-grade(8N) Sell
4117 2006-12-6 FeTi Our standard:(Ferro Titanium70)Ti≥70%，Si：1.0%-3%，Al：3%-6%，S、P≤0.04%，C≤0.1%；(Ferro titanium35)Ti：32%-40%，Si：3%-4.5%，Al：6%-10%，S≤0.03%，P≤0.06%，C≤0.1%；(Ferro Titanium25)Ti：25%-32%，Si≤4.5%，Al≤9%，S≤0.03%，P≤0.06%，C≤0.1%. Sell
For more news and proposals, please visit http://www.asianmetal.com
Contact us
If you have any queries, please email info@asianmetal.com or telephone +86-10-51002471/2/3/4/81
You can unsubscribe from this Daily Summary email or change your metals and other registration information by going to My Profile at http://www.asianmetal.com/about/service_en.asp
Asian Metal Prices
6-12-2006
Item Specification Unit Price Change Update
Alumina Chalco RMB/mt 2400 2006-12-6
Alumina China RMB/mt 2250-2350 2006-12-6
Alumina Australian CIF China USD/mt 220-230 2006-12-6
Antimony 99.65%min China RMB/mt 38800-39800 2006-12-6
Antimony 99.65%min FOB China USD/mt 5225-5325 2006-12-6
Antimony 99.65%min Europe USD/mt 5350-5450 2006-12-6
Antimony Trioxide 99.5%min China RMB/mt 35500-36500 2006-12-6
Antimony Trioxide 99.5%min FOB China USD/mt 4475-4575 2006-12-6
Antimony Trioxide 99.5%min Europe USD/mt 4600-4700 2006-12-6
Arsenic 99%min China RMB/mt 6400-6600 2006-12-6
Arsenic 99%min FOB China USD/mt 760-800 2006-12-6
Bismuth 99.99%min China RMB/mt 121000-123000 2006-12-6
Bismuth 99.99%min FOB China USD/lb 6.50-6.70 2006-12-6
Bismuth 99.99%min Europe USD/lb 6.50-6.70 2006-12-6
Cadmium 99.99%min China RMB/mt 33500-35500 2006-12-6
Cadmium 99.95%min Europe USD/lb 1.55-1.60 2006-12-6
Cadmium 99.99%min Europe USD/lb 1.65-1.70 2006-12-6
Chromium 99%min China RMB/mt 57000-62000 2006-12-6
Chromium 99%min FOB China USD/mt 6180-6380 2006-12-6
Cobalt Flake 99.8%min China RMB/kg 430-450 2006-12-6
Cobalt Powder 99.5%min China RMB/kg 480-500 2006-12-6
Cobalt 99.3%min Europe USD/lb 23.0-25.0 2006-12-6
Cobalt 99.8%min Europe USD/lb 27.0-30.0 2006-12-6
Ferro-boron B18% C 0.5% FOB China USD/mt 1700-1750 2006-12-6
Ferro-chrome HC Cr50% China RMB/mt 6250-6450 2006-12-6
Ferro-chrome HC Cr60% FOB China USD/lb 0.73-0.75 2006-12-6
Ferro-chrome HC Cr62%min Europe USD/lb Cr 0.64-0.65 2006-12-6
Ferro-chrome MC Cr50%,C1.0% China RMB/mt 8500-8700 2006-12-6
Ferro-manganese HC Mn65% China RMB/mt 4220-4370 2006-12-6
Ferro-manganese HC Mn75% China RMB/mt 4870-5020 2006-12-6
Ferro-manganese HC Mn73% FOB China USD/mt 710-730 2006-12-6
Ferro-manganese HC Mn70-75% Europe EUR/mt 640-660 2006-12-6
Ferro-manganese MC Mn78% China RMB/mt 7200-7400 2006-12-6
Ferro-manganese MC Mn78% FOB China USD/mt 1060-1080 2006-12-6
Ferro-molybdenum 60%min China RMB/mt 250000-260000 2006-12-6
Ferro-molybdenum 60%min FOB China USD/kg Mo 60.0-62.0 2006-12-6
Ferro-molybdenum Chinese 60%min Europe USD/kg Mo 60.6-61.6 2006-12-6
Ferro-molybdenum Western 65%min Europe USD/kg Mo 60.6-61.6 2006-12-6
Ferro-niobium 60-A China RMB/mt 135000-140000 2006-12-6
Ferro-niobium 60-B China RMB/mt 125000-130000 2006-12-6
Ferro-niobium Brazilian 66% China RMB/mt 130000-134000 2006-12-6
Ferro-phosphorus 23%min FOB China USD/mt 380-400 2006-12-6
Ferro-silicon 75%min China RMB/mt 4980-5130 2006-12-6
Ferro-silicon 75%min FOB China USD/mt 770-790 2006-12-6
Ferro-silicon Chinese 75%min Europe EUR/mt 700-720 2006-12-6
Ferro-titanium 30%min China RMB/mt 13000-13500 2006-12-6
Ferro-titanium 70%min (scrap) FOB China USD/kg 15.0-17.0 2006-12-6
Ferro-titanium 70%min (scrap) China RMB/mt 105000-115000 2006-12-6
Ferro-titanium 70%min (rutile/ilmenite) FOB China USD/kg 9.0-11.0 2006-12-6
Ferro-titanium 70%min (rutile/ilmenite) China RMB/kg 45000-50000 2006-12-6
Ferro-titanium 70%min Europe USD/kg Ti 15.30-15.80 2006-12-6
Ferro-tungsten 75%min China RMB/mt 176000-181000 2006-12-6
Ferro-tungsten 75%min FOB China USD/kg W 32.8-33.8 2006-12-6
Ferro-tungsten 75%min Europe USD/kg W 33.0-34.0 2006-12-6
Ferro-vanadium 50%min China RMB/mt 110000-120000 2006-12-6
Ferro-vanadium 80% FOB China USD/kg V 32.5-33.5 2006-12-6
Ferro-vanadium 80%min Europe USD/kg V 34.00-35.00 2006-12-6
Fused Alumina Brown 95%min 1-3mm China RMB/mt 2000-2100 2006-12-6
Fused Alumina Brown 95%min 1-3mm FOB China USD/mt 260-280 2006-12-6
Fused Alumina Brown 95%min 36mesh China RMB/mt 2250-2350 2006-12-6
Fused Alumina Brown 95%min 36mesh FOB China USD/mt 300-320 2006-12-6
Gallium 99.99%min China RMB/kg 3050-3250 2006-12-6
Gallium 99.99%min FOB China USD/kg 320-350 2006-12-6
Gallium 99.99%min Europe USD/kg 320-340 2006-12-6
Germanium Dioxide 99.99%min China RMB/kg 5200-5400 2006-12-6
Germanium Dioxide 99.99%min FOB China USD/kg 620-640 2006-12-6
Germanium Metal 99.99%min China RMB/kg 7800-8000 2006-12-6
Germanium Metal 99.99%min FOB China USD/kg 880-900 2006-12-6
Germanium Metal 99.99%min Europe USD/kg 920-960 2006-12-6
Indium 99.99%min China RMB/kg 5500-5800 2006-12-6
Indium 99.99%min FOB China USD/kg 640-680 2006-12-6
Indium 99.99%min Europe USD/kg 680-720 2006-12-6
Magnesite Light Burned 90%min 200mm FOB China USD/mt 105-115 2006-12-6
Magnesite Dead Burned 90%min 3-15mm FOB China USD/mt 110-120 2006-12-6
Magnesium 99.9%min China RMB/mt 14850-15250 2006-12-6
Magnesium 99.9%min FOB China USD/mt 1950-1990 2006-12-6
Magnesium Chinese 99.9%min Europe USD/mt 2020-2060 2006-12-6
Manganese Flake 99.7%min China RMB/mt 9750-10050 2006-12-6
Manganese Flake 99.7%min FOB China USD/mt 1505-1545 2006-12-6
Manganese Flake 99.7%min Europe USD/mt 1530-1580 2006-12-6
Manganese Ore 43-45% China RMB/mtu 22.5-23.5 2006-12-6
Manganese Ore 43-45% CIF China USD/mtu 2.20-2.40 2006-12-6
Mercury 99.999%min China RMB/kg 235-245 2006-12-6
Molybdenum Conc. 45% China RMB/mtu 3750-3950 2006-12-6
Molybdenum Oxide 57%min FOB China USD/lb Mo 24.5-25.5 2006-12-6
Molybdenum Oxide 57%min Europe USD/lb Mo 25.0-25.5 2006-12-6
Selenium 99.9%min Europe USD/lb 23-25 2006-12-6
Selenium 99.9%min China RMB/kg 475-515 2006-12-6
Selenium 99.9%min CIF China USD/lb 22.5-24.5 2006-12-6
Selenium Dioxide 99%min China RMB/kg 345-375 2006-12-6
Silicon 5-5-3 China RMB/mt 8500-8700 2006-12-6
Silicon 5-5-3 FOB China USD/mt 1130-1150 2006-12-6
Silicon 5-5-3 Europe eur/mt 1340-1380 2006-12-6
Silicon 4-4-1 China RMB/mt 8850-9050 2006-12-6
Silicon 4-4-1 FOB China USD/mt 1170-1190 2006-12-6
Silicon 4-4-1 Europe eur/mt 1390-1440 2006-12-6
Silicon Carbide 88%min 0-10mm China RMB/mt 2550-2650 2006-12-6
Silicon Carbide 88%min 0-10mm FOB China USD/mt 450-470 2006-12-6
Silicon Carbide 98%min 16-100mesh China RMB/mt 5100-5200 2006-12-6
Silicon Carbide 98%min 16-100mesh FOB China USD/mt 710-730 2006-12-6
Silico-manganese 60/14 China RMB/mt 4200-4350 2006-12-6
Silico-manganese 60/14 FOB China USD/mt 610-630 2006-12-6
Silico-manganese 65/17 China RMB/mt 4770-4920 2006-12-6
Silico-manganese 65/17 FOB China USD/mt 688-708 2006-12-6
Silico-manganese 65/17 Europe EUR/mt 660-680 2006-12-6
Strontium 99%min China RMB/mt 36000-38000 2006-12-6
Strontium 99%min FOB China USD/mt 4100-4300 2006-12-6
Tantalite Ta2O5 30% CIF China USD/lb 31.0-33.0 2006-12-6
Tellurium 99.99%min China RMB/kg 600-700 2006-12-6
Titanium Sponge 99.8%min China RMB/mt 205,000-215,000 2006-12-6
Titanium Plate 2-6mm China RMB/kg 340-370 2006-12-6
Tungsten APT 88.5%min China RMB/mt 159000-164000 2006-12-6
Tungsten APT 88.5%min FOB China USD/mtu 248-253 2006-12-6
Tungsten APT 88.5%min Europe USD/mtu 245-255 2006-12-6
Tungsten Carbide 99.7%min 2.5-7.0µm China RMB/kg 244-254 2006-12-6
Tungsten Ore WO3 65%min China RMB/mt 103000-108000 2006-12-6
Tungsten Oxide WO3 99.95%min China RMB/mt 189000-199000 2006-12-6
Tungsten Oxide WO3 99.95%min FOB China USD/mt 25000-26000 2006-12-6
Vanadium Pentoxide 98%min China RMB/mt 100000-110000 2006-12-6
Vanadium Pentoxide 98%min FOB China USD/lb VO5 6.2-6.4 2006-12-6
Vanadium Pentoxide 98%min Europe USD/lb VO5 6.3-6.6 2006-12-6...
read more
[+/-] : JIEFU antimony trioxide
东莞市杰夫阻燃材料有限公司...
DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD.
TEL: 86-769- 83120165 FAX: 86-769-83101592
Http: www.jiefu.com Email:samjiefu@gmail.com
Antimony Trioxide
Usages: Used as flame retardant additives for polypropylene, polystyrene, polyvinyl chloride, nylon, ABS, rubber, paint, coating, synthetic resin, and paper. Used as activator in polyester fiber to remove the hidden air in molten glass. Used as covering agent and whitening agent in enameled and ceramic products. Used as deactivators in the catalytic cracking and catalytic reforming processes of heavy oil and residual oil of petroleum.
Physical & Chemical Properties:
Appearance: White powder. Chemical formula:Sb2O3. Molecular weight:291.5. Melting point: 656°c. Boiling point:1425°c Specific gravity: 5.2
Solubility: soluble in HCL and tartaric acid; insoluble in water and acetic acid.
Grade & Specifications:
Grade
Sb2O3 99.90
Sb2O399.90
Sb2O399.82
Sb2O399.80
Sb2O399.50
Sb2O399.00
Chemical
Sb2O3 %min
99.90
99.82
99.80
99.5
99
AS2O3 %max
0.01
0.02
0.03
0.06
0.12
PbO %max
0.01
0.018
0.045
0.1
0.2
Fe2O3 %max
0.001
0.0015
0.002
0.006
-
CuO %max
0.001
0.002
0.002
0.006
-
Se %max
0.0005
0.002
0.004
0.005
-
Physical
Whiteness (min)
97.0
96.0
96.0
95.0
91.0
Particle size(μm)
0.3-0.7
0.3-0.7-
0.3-0.90.9-1.6
0.9-1.6
-
Packing:Packed in 20/25kgs Kraft paper bags with the inner of PE bag, 1000kgs on wooden pallet with plastic-film protection.
Packed in 500/1000kgs net plastic super sack on wooden pallet with plastic-film protection.
Or according to buyer's requirements.
read more
[+/-] : antimony trioxide MSDS
Safety (MSDS) data for antimony trioxide
Company Name: Dongguan Jiefu Flame-Redarded Materials Co., LTD. (东莞市杰夫阻燃材料有限公司)
General Information
Synonyms: antimony (III) oxide, antimony white, antimony bloom 100A, atox B, atox F, bluestar RG, bluestar Z, diantimony trioxide, FireShield H, flowers of antimony, thermoguard B, antimony sesquioxide, numerous further trade names
Use: fire retardant Molecular formula: Sb2O3
Molecular Weight: 291.5
H.S. Code: 2825.8000CAS No: 1309-64-4
Physical data
Appearance: white powder Melting point: 655 C Boiling point: 1425 C Vapour density: 10 (air = 1) Vapour pressure: Density (g cm-3): 5.7 Flash point: Explosion limits: Autoignition temperature: Water solubility: slight
Stability
Soluble in hydrochloric acid, insoluble in water, stable when dry, nonflammable.
Health Hazard Information
Physical Hazards: stable when dry
Acute Hazards: no
Fire and explosion
Neither flammable nor explosion
Precautions for safe handling and use
Steps if material released: wear gloves. Sweep up place in a bag and hold for disposal.
Other precautions: avoid contact with eyes.
Control Measures
Protective euiipment: gloves and working clothes.
Other protective equipment: safety shower.
Work hygienic practives: launder contaminated clothing before it is requested. Wash thoroughly after handling.
This advice is given by Dongguan Jiefu Flame Retarded Materials Co., Ltd who accepts no legal liability for it. The information herein is based on the present state of our knowledge and is intended to describe our products from the point of view of safety requirements.
Date: 2006-12-7...
read more
[+/-] : We can supply Dust-free Antimony Trioxide 99. 8%, 99. 5%
We are specialized in mining, smelting Antimony metal and producing Antimony Trioxide. Our company is an industrial company based in Shenzhen China, established in 1993, with 7 subsidiary companies and one mine. Our factory is located in Dongguan City, Guangdong Province, which manufactures various grades of Jiefu Brand Antimony Trioxide, such as SB2O3 99.80 andSb2O3 99.50 with different particle sizes. The productivity has reached 8000 mts per year. As a leading producer and supplier of Antimony products in China, Jiefu Brand Antimony Trioxide and Antimony Ingot are widely exported to more than 20 countries and regions in the world, such as South Korea, Japan, India, Italy, Turkey, Taiwan, etc. The products have high quality, prompt shipment, competitive price, and have long enjoyed a great fame both at home and abroad.
It is in fine particle with high dispersivity. It leaves the antimony trioxide powder in light wet state after the chemical treatment of its surface, so as to clean the dust that brings harm to persons in operation and to achieve effective retardation and plastication. This product is mainly applied as retardant additive and plastication for polyvinyl Chloride, synthetic fiber, synthetic rubber and vinylite.In accordance with the request of users, it can be supplied in different kinds of organic polymeis in proportions such as mineral oil, chlori olefin monoethylene glyool, DOP, DIDP etc.We can supply Dust-free Antimony Trioxide 99. 8%, 99. 5%, 99%, 98% and The above different grades antimony trioxide can all be treated into dust-free antimony. The dust-free antimony oxide is a high dispersed superfine granular material, made from antimony oxide powder whose surface is treated through chemical method, which made the powder slightly moisturizes to avoid any fine powder suspend in the air and bring about harm to human body, and meanwhile the antimony oxide can resist fire and enhance the plastic features.pls Gmail for me:samjiefu
Jiefu Corporation was established in 1993 with headquarter in Shenzhen China. Jiefu has grown up as an integrated enterprise with seven subsidiary companies. The main products include non-ferrous metals, rare earth materials, chemical materials, machinery & equipment, plastics engineering, and fabric materials, etc. Our Jiefu Brand antimony metal, antimony trioxide and antimony sulp hide have enjoyed good reputation in both domestic and international market.——“ Jiefu" will work hard in pursuit of preeminence all the time—— The prominent performance will very important to clients, society and ourselvesWhen you see the " Jiefu" Logo at any place, It represents Jiefu Corporation is providing more superior products and resolution for clients, And will make an effort to prompt more excellent performance standard. We understand preeminence and excellence will be a course, so we will concentrate on searching and providing better methods and products to meet every customer's need.We will prove our above promises based upon the stability of product quality and processability as well as having safe and environmental-protected tooling and producing.——We said it as" The Permanent Jiefu Quality Resolution—— Call: sam xu 086-0 13929211059 Q Q: 371239355 TEL: 86- 0769-83120165 FAX: 86-0769-83101592 Homepage: http://www.jiefu.com http://xubiao.blog.bokee.netE-mail: sam@jiefu.com Msn: xubiao_1996@hotmail.com (If your needs! Please E-mail for me!)...
read more
[+/-] : Dongguan Jiefu Flame-retarded materlals Co.,Ltd
Dear Sir.
Our company can offer such chemicals on very competitive basis. Please feel free to contact us .We can supply Antimony Trioxide 99. 8%, 99. 5%, we are sure that we are able to meet your requirement,
JIEFU Corporation is established in 1993 with its headquartere in Shenzhen,China.After the efferts of more than ten years,ithas grown up as an integrated enterprise which includes seven subsidiary companies,such as Shenzhen Jiefu Industry Co.Ltd,DongguanJiefu Flame retardant materials Co,Ltd,Dongguan Yearlong Isolation Materials Co,Ltd,Gansu Dangchang Jiefu Antimony Co.Ltd,HongkongJiefu Chemical Industry Co,Ltd and Australia Jiefu Trading Co,Ltd etc.Jiefu owns the operating right of export and import and becomes one of the ten antimony companies who have no quota limitation and can export directly.With it's own mine and factories forvarious uses:mill run,smelt,further process.The execution of vertical enterprise management not only is better to control the cost and qualitydirectly but also make the price more competitive.Furthermore,such flexible management is easy to let us adjust and vary in terms ofcomposition,physical performance,package,delivery time etc.according to the customers' need.Our company has gained a good reputation at home and abroad bythe stable quality and ten-day delivery time and our products of antimony ingot,antimony trioxide,antimony sulphide are well received.85% of the exportation are sold to variety of countries and regiones,such as: America,Europe,southern Asia,Nippon,Korea and Taiwan etc.
Dongguan Jiefu Flame Retardent Materials Co,Ltd,established in 2001,is a subsidiary ofJiefu Corporation,with the antimony trioxide and antimony series of flame retardent as it'smain products.It adopted the advanced production technics and testing equipment in domestic and international,moreover,it introduced a group of talents for management and technology.Nowit's annual capacity can reach more than 8000tons and passed the quality certification of ISO9001 and 2000.With its unique phisical antimony and good quality,Jiefu antimony is not only popular with the Chinese but wellknown by customers from overseas,especially those from America,Europe,Southern Asia,Japan,Korea and Tanwan.According to the document issued by the Ministry of Commerce of PRC,we are one of the ten antimony companies listedto allow to export.
JIEFU will spare no effert to pursue outstanding,which is important to customer,society as well as ourselves.Whenever JIEFU comes to your view,it means JIEFU is providing better quality products and ways for solving problems.Besides,we will try our best to upgrade ourselves to a higher standard,which will be embodied by the better quality,morestable processing performance,much safer and more environmental protection which we declare it as the problem solvingto ensure the JIEFU quality.
If you want to kown more or buy these products,pls don't hesitate to contact us.pls Gmail for me:samjiefu@gmail.com.
Pls note that the product pictures will be sent to you upon yr request,and a small sample could also be sent to you for yr final checking if the price is finally acceptable.
To konw more about our corporation,kindly visit our website:http://www.jiefu.com OR http://xubiao.bokee.net
Looking forward your reply. .
Best regards!
Sam Xu
Selas Engineer
company:DONGGUAN JIEFU FLAME-RETARDED MATERIALS CO.,LTD
Address: jiefu industrial park shuiping industrail district dalang town dongguan GD,P.R.C
Zip: 528770
Tel: 0086-769-83120165
FAX: 0086-769-83101592
Email:sam@jiefu.com
company:Jiefu Chemical industry LTD . (Our imports and exports company )
Tel: +86-755-83474901
Fax: +86-755-83474980
WU WebSite: http://www.jiefu.com
my blog: http://xubiao.bokee.net
Contact me: xubiao_1996@hotmail.com samjiefu@gmail.com
skype:jiefu1996...
read more
Subscribe to:
Posts (Atom)
Examples of Antimony Trioxide Mixture Flame-Retarded Polymers
