Antimony market keeps steady after the price crept up by RMB300-500/t (USD40-66/t) two weeks ago to current RMB40,200-40,500/t (USD5,346-5,386/t) ex works. Producer and trader sources reported a little more deals emerging in the market.
A major Hunan-based producer, with a capacity of over 10,000tpy for antimony ingot, reported a few deals at RMB40,500-40,800/t (USD5,386-5,426/t) delivered in the past week, RMB300-500/t (USD40-66/t) higher than that early September.
According to the source, the antimony ingot market remains stable with moderate demand from antimony trioxide and alloy manufacturing industries in China. However, due to difficulty of exporting, many traders buy less antimony ingot this year.
Another producer from Lengshuijiang, Hunan reported higher quotations of RMB37,800-38,000/t (USD5,027-5,053/t) VAT excluded against RMB37,500-37,800/t (USD4,987-5,027/t) VAT excluded last week. However, the source confirmed that most deals were concluded in a price range of RMB37,500-37,800/t (USD4,987-5,027/t) VAT excluded.
“Our sales go smoothly,” said the source. “Although the demand is not very strong, there are more activities in the market than that three weeks ago.”
As raw material supply remains tight, the smelter is running with a monthly output of 150-200t on a basis of the capacity of 300tpm.
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