BEIJING (Asian Metal) 14 Jan 13 – The offer kept at around RMB67,000-68,000/t (USD10,754-10,915/t) ex works and RMB58,000-59,000/t (USD9,310-9,470/t) VAT excluded for antimony ingot 99.65%min from Chinese major producers, but the market saw thin deals after the New Year holiday (from December 29th, 2012 to January 3rd , 2013) with most market insiders watching the market.
A Guangdong-based antimony trioxide producer, who purchased 60t of antimony ingot 99.65%min at around RMB67,500/t (USD10,835/t) delivered from a regular supplier in Hunan after the holiday, reported that offers he got are around RMB67,500-68,000/t (USD10,835-10,915/t) ex works after the holiday. "We take a hand-to-mouth purchasing style," said the source, adding that he does not plan to replenish in the short term.
The source holds a watchful attitude toward the future market. "It is reported that most suppliers refuse to sell at lower prices, and some of them will stop production in the following days if the market continues to be quiet," added the source.
A Hunan-based antimony ingot producer with an output of about 300tpm told Asian Metal that the market was quiet after the New Year holiday, but his offer kept at RMB67,000-68,000/t (USD10,754-10,915/t) ex works for antimony ingot 99.65%min, unchanged in the past ten days. "Antimony ingot market saw a few deals in the past days, and I will stop production in the following week," said the source.
The source reported that the price of antimony concentrates 45% kept at around RMB530/mtu (USD85.07/mtu) VAT included in the past weeks, but as antimony ingot market saw weak demand and producers claimed no profit to purchase raw material at this moment, deals for antimony concentrates was thin.
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