Antimony ingot,Antimony Trioxide falls under pressure from lower offers

London 06 November 2009 12:44

Antimony prices fell for the first time since mid-September on Friday as some smelters lowered their offers to secure sales.

Trioxide-grade metal dipped to $6,250-6,450 per tonne from $6,275-6,475 per tonne previously, while standard grade II antimony fell to $6,200-6,400 per tonne from $6,250-6,450 per tonne.

Prices had been holding firm on tight supply from Chinese suppliers following an accident at Hsikwangshan Twinkling Star in October that resulted in the closure of its mines.

Producers raised their offers in the wake of the closure, but consumers' reluctance to buy metal above $6,000 has put pressure on spot prices this week, traders said.

"The market price is a bit softer – some of the smelters have reduced their offers in order to make some sales," one trader said, reporting business at the low end of the new MB quotes.

Hsikwangshan's production is still suspended, sources said, but they agreed that weak demand from end-users is offsetting the effect of the closure.

Both major antimony consumers in Europe, Sica and Campine, have not been active in the spot market for several weeks, market participants said.

Lower spot prices for antimony ore are adding to the weakness in the metal market, the trader said.

"The ore price has been coming down for a bit," he said.

While buying from Sica and Campine has been slack, consumers in Japan and Korea are buying steady volumes of metal, Asian sources said.

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Chinese ferromolybdenum price falls 7% on weak buying interest

Shanghai 29 October 2009 02:41

Chinese molybdenum concentrate prices fell 150 yuan ($22) per tonne, extending weeks of declines caused by poor demand.

Prices dropped to 1,900-1,950 yuan ($278-286) per mtu, from 2,050-2,100 yuan per mtu last week.

"We haven't purchased any concentrate recently as prices dropped very quickly and we also have some inventory which will last until next month," said a ferro-molybdenum producer in Huludao, Liaoning province.

Domestic ferro-molybdenum prices also dropping rapidly these days as no buyers want to buy, the ferro-molybdenum producer added.

"Most stainless steel mills are unwilling to buy ferro-molybdenum because of poor sales for their own products. And the anti-dumping issue on Chinese stainless steel pipe is also making them hesitant to buy ferro-molybdenum," said a major ferro-molybdenum producer in Luoyang, Henan province.

Ferro-molybdenum is now trading at around 126,000-131,000 yuan per tonne, down as much as 6,000 yuan from last week, according to producers.

While demand is thin, supply is more than adequate, trader said.

"There is a lot of concentrate and ferro-molybdenum inventory in the market now, so some ferro-molybdenum producers have cut operating rates to reduce output," said a major molybdenum concentrater producer in Shanxi province. Many molybdenum miners are producing at loss now, he added.

Another ferro-molybdenum producer in Liaoning province told MB his company has cut production and is only supplying long-time customers in order to maintain relationships.

Market sentiment was also hit by lower European molybdic oxide prices, the Huludao producer said, adding that he has no intention of buying molybdic oxide for the time being. MB's prices for drummed molybdic oxide fell to $10.50-11.50 per lb on Wednesday.

China imported 5,067 tonnes molybdenum concentrate and molybdic oxide in September, down 17% month-on-month, taking nine-month imports totalled 51,350 tonnes, according to customs.

Most market players expect further price declines as there is no sign of buyers returning in any great number to make purchase in the near future.

"Concentrate prices may drop to 1,700-1,800 yuan or even to 1,500-1,600 yuan," the second Liaoning producer said.

"In the current market, I reckon that concentrate prices could drop to 1,700-1,800 yuan in the coming months," said the Luoyang producer.

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Antimony Trioxide Twinkling Star Brand

    Antimony Trioxide Twinkling Star Brand
    We have pleasure in giving you our present price as follow:

     1;Price: FOB HUANGPU 5950USD/MT
     2,Product: Antimony Trioxide 99.5%MIN,
     3,Specification:Antimony Trioxide Twinkling Star Brand
     4,Packing: Packed in 25kgs Kraft paper bags with the inner of PE bag, 1000kgs on wooden pallet with plastic-film protection.
     5,Minimum order quantity: 20MT in FCL
     6,payment terms: 30% advance payment within three working days after signed the contract, balance by T/T within Five working days after receive the copy of B/L.
    7,Shipment:Prompt shipment.the goods is ready for shipment in Huangpu port.China.
    8,Validity of quotation: for 3 days.   contact:    samjiefu@gmail.com

    If you have any question, please don't hesitate to ask.  Looking forward to hearing from you soon and establish Long-Term cooperative relationship with you.Thanks and Best regards.

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Antimony market slow as consumers hold out for lower prices

London 27 October 2009 11:41

The antimony market has been slow so far this week, with major European buyers staying out of the market until prices fall.

Trioxide-grade antimony has been trading at $6,275-6,475 per tonne for the past two weeks, while standard grade II metal has been changing hands between $6,250 and $6,450 per tonne.

Prices are trading at their highest level this year amid tight Chinese supply following the fatal accident and subsequent mine suspension at Hsikwangshan Twinkling Star in China's Hunan province.

But the European spot market has been quiet this week with traders and consumers keen to avoid paying the higher prices ahead of the winter in the northern hemisphere, traditionally a period of lower consumption.

With so little buying in the spot market, some Chinese suppliers are being forced to lower their offers, sources told MB.

"We have done small lots around $6,350 or $6,400, but everything's within the range. Sica and Campine are staying out of the market and they're trying not to stimulate prices," one trader said.

Offers are around $6,300-6,400 per tonne, compared with highs of $6,500-6,700 per tonne two weeks ago, sources said.

"We are not buying, but we believe we will be able to buy lower soon," one consumer, who was unable to report booking any business so far this week, said.

"I think the game's up on antimony," a second trader said. "Some people were talking $7,000, but we're not going there yet."

The second trader is booking small parcels of metal within the MB ranges, he said, while the first trader agreed that volumes have been low in the market for the past week.

"I am not sure how long they're going to stay out of the market, but they don't want to encourage the prices to go up to $7,000," he said. "People don't seem to be that excited anymore, I can see prices coming back to more realistic levels."

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Chinese ferromolybdenum traders eager to replenish

BEIJING (Asian Metal) 2 Nov 09 – As Chinese ferromolybdenum prices have been dropping for more than three weeks and steel mills remain placing orders on a need-only basis, participant believe that ferromolybdenum price will not rebound sharply in the rest of this year. Traders appeared more interested in replenishing their stocks more or less currently.
Asianmetal(English) http://www.asianmetal.com 332H
A trader from Hebei told Asian Metal that he will keep a wait-and-see attitude towards the ferromolybdenum market and will not sell the materials in a hurry this week, because he feels that dealers are ready to come back to the market for replenishing.
Asianmetal(English) http://www.asianmetal.com 7A38
"I think most traders have been watching and waiting for lowest prices for a long time, and the current price level has been more and more closing their interested level," said the source. "Though the price of ferromolybdenum has been continuously dropping for several weeks, I believe it is able to increase one day."
Asianmetal(English) http://www.asianmetal.com QL7S
The source still has 10t of the material in hand but does not hurry to sell the material to get cash, reporting that another trader has about 100t of ferromolybdenum in hand, which were bought at around RMB80,000/t (USD19.52/kg Mo) long time ago.
Asianmetal(English) http://www.asianmetal.com 58EN
A source from Beijing, with a production capacity of 350tpm of ferromolybdenum, confirmed that traders have been eager to purchase ferromolybdenum since the middle of last week. "We sold more than ten tons of ferromolybdenum 60% to traders at around RMB127,000/t (USD30.99/kg Mo) last week, and I think more and more traders will come back to the market in the coming days," said the source.
Asianmetal(English) http://www.asianmetal.com LFPJ
Furthermore, the source stopped offering for ferromolybdenum and ferrovanadium last Friday, because they were not sure with the future market but expressed that ferromolybdenum market hasn't touched the bottom yet and the price may drop further this week.

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European FeMo market set to stir again

BEIJING (Asian Metal) 2 Nov 09 – With around 100t of ferromolybdenum material concluded to Korea and Taiwan late last week, the market firmed as it was difficult, if not impossible to find offers below USD25.50/kg despite its seesaw trend earlier in the week.
Asianmetal(English) http://www.asianmetal.com A943
Responding to the backward-and-forward motion the market witnessed last week, a European dealer with enquiries worth 15t on the table Friday decided to wait until wait until the trend becomes clear, hopefully at opening of trading session this morning, but indicated he might not offer material at below USD26.00/kg Mo d.p. and would expect a firm bid at a few cents lower. "It should curve up this week having been on the low side for long," said the source.
Asianmetal(English) http://www.asianmetal.com JRQY
Another source offered 5t at USD26.50/kg Mo d.p. Friday with extended payment term but was still awaiting final bid as at the press time. The source defended his offer of extended payment term of forty-five days alluding to fear it could be that some traders are covering for short again and any stir in activity might be short-lived. "I would hope this is a real bottom-out," said the source. "We'd have to see."
Asianmetal(English) http://www.asianmetal.com 2B07
In the same vein, molyoxide price have firmed and according to participants, it was difficult to get offers at below USD10.70/lb. A European dealer who had earlier dismissed an offer at USD10.90/lb by bidding the material at USD10.75/lb was caught unawares as the supplier had withdrawn it by close of business Friday.
Asianmetal(English) http://www.asianmetal.com E446
Generally, however, an insider was of the view there have been more talks than action and it could still be possible to get firm bids at USD10.70/lb, especially from dealers who need cash to meet pressing commitments.

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Re: Antimony Trioxide Twinkling Star Brand

Antimony Trioxide Twinkling Star Brand

We have pleasure in giving you our present price as follow:

    1;Price: FOB HUANGPU 5950USD/MT
     2,Product: Antimony Trioxide 99.5%MIN,
    3,Specification:Antimony Trioxide Twinkling Star Brand
    4,Packing: Packed in 25kgs Kraft paper bags with the inner of PE bag, 1000kgs on wooden pallet with plastic-film protection.
    5,Minimum order quantity: 20MT in FCL
    6,payment terms: 30% advance payment within three working days after signed the contract, balance by T/T within Five working days after receive the copy of B/L.
    7,Shipment:Prompt shipment.the goods is ready for shipment in Huangpu port.China.
    8,Validity of quotation: for 3 days.   contact:samjiefu@gmail.com

If you have any question, please don't hesitate to ask.  Looking forward to hearing from you soon and establish Long-Term cooperative relationship with you.Thanks and Best regards.

...
Read more...