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
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 .
. 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 .
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