Sunday, April 18, 2010
Antimony trioxide price hikes
16 Apr 10 – Antimony trioxide price is still increasing in spot market, but few deals can be concluded owing to tight supply. Market participants predict antimony trioxide price won't break through RMB65,000/t (USD9,517/t) ex works.
A Guangxi-based antimony trioxide producer disclosed that he sold 20t of antimony trioxide at RMB55,000/t (USD8,053/t) ex works to his regular clients on Tuesday. Then in order to fulfill those signed contracts, he bought 50t of antimony ingot at RMB58,000/t (USD8,492/t) delivered to replenish stock on Thursday.
He said the profit is deceasing due to antimony ingot price rising. Deals concluded are fewer than last week, so he predicts antimony trioxide price won't keep going up for a long time.
An experienced Guangdong-based antimony trioxide producer booked 50t of antimony ingot last Wednesday from a long-term supplier in Hunan province. He said, "The closing price for antimony ingot is around RMB58,000-59,000/t (USD8,492-8,638/t) ex works now. We offer RMB55,000/t (USD8,053/t) ex works for antimony trioxide. Profit is very limited."
He predicts the smelters will start production in around mid-May in Lengshuijiang area, and anticipates the highest price will be around RMB62,000-63,000/t (USD9,078-9,224/t) ex works for antimony trioxide.
"After the environmental checkup some small smelters will be integrated into big one, and begin production. In other words, the amount of smelters will decease, but the total output in Lengshuijiang area won't change, so the price of antimony trioxide won't break through RMB65,000/t (USD9,517/t) ex works," He said.
A Guangxi-based antimony trioxide producer disclosed that he sold 20t of antimony trioxide at RMB55,000/t (USD8,053/t) ex works to his regular clients on Tuesday. Then in order to fulfill those signed contracts, he bought 50t of antimony ingot at RMB58,000/t (USD8,492/t) delivered to replenish stock on Thursday.
He said the profit is deceasing due to antimony ingot price rising. Deals concluded are fewer than last week, so he predicts antimony trioxide price won't keep going up for a long time.
An experienced Guangdong-based antimony trioxide producer booked 50t of antimony ingot last Wednesday from a long-term supplier in Hunan province. He said, "The closing price for antimony ingot is around RMB58,000-59,000/t (USD8,492-8,638/t) ex works now. We offer RMB55,000/t (USD8,053/t) ex works for antimony trioxide. Profit is very limited."
He predicts the smelters will start production in around mid-May in Lengshuijiang area, and anticipates the highest price will be around RMB62,000-63,000/t (USD9,078-9,224/t) ex works for antimony trioxide.
"After the environmental checkup some small smelters will be integrated into big one, and begin production. In other words, the amount of smelters will decease, but the total output in Lengshuijiang area won't change, so the price of antimony trioxide won't break through RMB65,000/t (USD9,517/t) ex works," He said.
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