Friday, November 26, 2010
Antimony ingot supply continues to be tight
Supply of antimony ingot tightens in domestic market after smelters in Guangxi stopped production for environmental inspection. More and more purchasers reported to Asian Metal that they can not get the material in spot market.
A Shanghai-based trader, who sells around 30-40t of antimony ingot to alloy producers every month, reported that he bought 60t of antimony ingot 99.65%min at RMB73,500/t (USD11,069/t) delivered to Shanghai when the price just rose in early November, and has only 10t in stock at present.
"Producers in Hunan claimed that they are carrying out long-term contracts with December or January shipment, and do not have spot materials to sell," remarked the source, adding that antimony ingot supply is short in Yunnan.
A Guangdong-based antimony ingot trader, with a trading volume of around 120tpm when the market is stable and 80ptm this year, told Asian Metal that he sold around 20t of antimony ingot 99.65%min at RMB80,000/t (USD12,048/t) delivered early this week. "Supply tightens in domestic market, so we sell small amount every time," remarked the source.
According to the source, most of producers do not have spot m
A Shanghai-based trader, who sells around 30-40t of antimony ingot to alloy producers every month, reported that he bought 60t of antimony ingot 99.65%min at RMB73,500/t (USD11,069/t) delivered to Shanghai when the price just rose in early November, and has only 10t in stock at present.
"Producers in Hunan claimed that they are carrying out long-term contracts with December or January shipment, and do not have spot materials to sell," remarked the source, adding that antimony ingot supply is short in Yunnan.
A Guangdong-based antimony ingot trader, with a trading volume of around 120tpm when the market is stable and 80ptm this year, told Asian Metal that he sold around 20t of antimony ingot 99.65%min at RMB80,000/t (USD12,048/t) delivered early this week. "Supply tightens in domestic market, so we sell small amount every time," remarked the source.
According to the source, most of producers do not have spot m
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