Monthly Antimony Market Report Aug 2024
2024-09-13 18:07:29 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
The Chinese antimony market saw prices steady amid stalemates in August, but both upstream and downstream insiders were cautious about concluding deals with insufficient market confidence. After the export restriction policy of antimony material was issued, the domestic antimony market witnessed strong wait-and-see sentiments and most insiders preferred to temporarily wait on the sidelines given insufficient demand from downstream customers. As deals in the export market increased, Chinese suppliers kept their quotations of antimony products firm; however, demand from flame-retarding industry declined and it's hard for demand from PV industry to increase significantly in short term; meanwhile, some glass plants planned to conduct cold repair to as a way of avoiding losses. In a world, the domestic antimony products market saw divergence in market sentiments. Under the background of the economic downturn, prices of antimony products met with obvious obstructions in increasing. In addition, private antimony products producers were faced with serious pressure of funds caused by high production costs and high raw material prices, which to some extent prevented the demand of antimony products to be released.
The issuance of China's export restriction policy of antimony material also brought certain fluctuation of prices in the international antimony product market in August. Some end users, who rely on Chinese antimony ingot 99.85%min, antimony ingot 99.95%min and high-purity chemical compounds, started to make panic purchases. International customers sent antimony ingot enquiries actively considering the uncertain factors after the implementation of China's export restriction policy of antimony after September 19, but the international antimony trioxide market ran relatively steady as most international buyers intended to make purchases of the material based on orders.
The Chinese antimony market saw prices steady amid stalemates in August, but both upstream and downstream insiders were cautious about concluding deals with insufficient market confidence. After the export restriction policy of antimony material was issued, the domestic antimony market witnessed strong wait-and-see sentiments and most insiders preferred to temporarily wait on the sidelines given insufficient demand from downstream customers. As deals in the export market increased, Chinese suppliers kept their quotations of antimony products firm; however, demand from flame-retarding industry declined and it's hard for demand from PV industry to increase significantly in short term; meanwhile, some glass plants planned to conduct cold repair to as a way of avoiding losses. In a world, the domestic antimony products market saw divergence in market sentiments. Under the background of the economic downturn, prices of antimony products met with obvious obstructions in increasing. In addition, private antimony products producers were faced with serious pressure of funds caused by high production costs and high raw material prices, which to some extent prevented the demand of antimony products to be released.
The issuance of China's export restriction policy of antimony material also brought certain fluctuation of prices in the international antimony product market in August. Some end users, who rely on Chinese antimony ingot 99.85%min, antimony ingot 99.95%min and high-purity chemical compounds, started to make panic purchases. International customers sent antimony ingot enquiries actively considering the uncertain factors after the implementation of China's export restriction policy of antimony after September 19, but the international antimony trioxide market ran relatively steady as most international buyers intended to make purchases of the material based on orders.
