7 Jul 10 – Sources revealed that antimony ingot supply is very tight in Chinese spot market
An antimony trioxide producer based in Guangxi, with an output of around 1,000tpm, reported that they sold tens of tons of antimony trioxide 99 . 8%min at RMB52,000-52,500/t ex works late last week . They raised their price to RMB53,000/t ex works for antimony trioxide 99 . 8%min as antimony ingot price is rising .
"We mainly purchase high grade antimony ingot from Hunan to produce antimony trioxide 99 . 8%min . This week, our suppliers in Hunan raised their prices to RMB58,500-59,000/t ex works for antimony ingot, and they only sell limited amount to their long-term customers" said the source . The source turned down some orders from new consumers as they do not have much of antimony ingot at hand and can not get the material from their suppliers .
Another antimony trioxide producer based in Guangxi, who has an output of around 200tpm, confirmed that antimony ingot supply is very tight in domestic market, and told Asian Metal that their long-term suppliers in Hunan offered them RMB58,500-59,000/t ex works for antimony ingot this week . "We sold antimony trioxide 99 . 8%min at RMB53,000-54,000/t ex works," remarked the source .
According to the source, two of the major antimony products producers in Hunan sold around 1,800t of antimony ingot to ease the pressure of capital turnover when the price was decreasing from RMB58,000/t to RMB53,000/t ex works in June . "Many antimony ingot producers in Hunan do not have much of the material at hand, so they raise the prices crazily," said the source . Additionally, Guangxi was hit by rainstorm during last month, and the output of antimony concentrate in Guangxi was affected to some extend . Therefore, antimony ingot supply is tight in domestic market .
Close sources reported to Asian Metal that some antimony ingot exporters suspend offering as they can not get the material in domestic market .
As manufacturer specialized in manufacturing of Antimony trioxide and Non-Halogen Flame Retardant,Since 2000, JIEFU have pioneered the manufacturing of flame retardant masterbatches in China.JIEFU initiated from custom flame retardant compounding of all commodity and engineering plastics to technologically sound production of fiame retardant masterbatches under the brand name JIEFU masterbatches.
Friday, July 9, 2010
Antimony ingot supply tight
Posted by Metal Supplier at 1:33 AM
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