China's Nonferrous Metal Industry Rallies

BEIJING, June 19 -- China's nonferrous metal industry is showing signs of a pickup, said Jia Yinsong, an official with the Ministry of Industry and Information Technology.

According to Jia, the output of ten nonferrous metals arrived at 9.48 million tons in the first five months of this year, down 5.7 percent over the same time last year. However, the output in May registered 3.6 percent increase over April, indicating a recovery.

Copper and aluminum output increased 7.9 percent and 4.8 percent, respectively, to 3.46 million tons and 6.11 million tons from January to May.

Prices of nonferrous metals fluctuated within a small range over the near term, suggesting a stabilized market.

The nation posted increasing electrolytic aluminum imports in view of the different prices between Chinese and global markets.

Investments in the nonferrous metal industry rose 25.8 percent to 82.8 billion yuan in the first five months of this year. The investment structure continued to improve, with those in mineral mining and rolling higher than that in smelting.

Additionally, gold output increased 12 percent in the first five months of this year.

In 2008, China posted 25.2 million tons of ten nonferrous metals output and consumed 25.17 million tons. China's consumption of copper, aluminum, lead, zinc, and nickel accounted for 30 percent of the globe's total consumption.

China's nonferrous metal industry has been suffering from losses since the second half of 2008 due to the global financial crisis.

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Magnesium ingot market stable

BEIJING (Asian Metal) 16 Jun 09 – Magnesium ingot market keeps stable by and large despite that some smelters raise offers slightly in hopes of pushing the market up. Currently the prevailing prices for magnesium ingot stay at RMB14,800-14,900/t (USD2,164-2,178/t) ex works in Shaanxi and RMB15,100-15,300/t (USD2,208-2,237/t) ex works in Shanxi and Ningxia, unchanged compared with those in the past week.
A North China-based trader bought around 100t of magnesium ingot from a Shaanxi-based smelter at around RMB14,800/t (USD2,164/t) ex works on Monday. The source reported that the market is stable, though one or two smelters raise their offers by RMB50-100/t (USD7-15/t) to RMB14,900-15,000/t (USD2,178-2,193/t) ex works in the name of unavailability of material.
"Actually, the market is in sufficient supply in Shaanxi, and some smelters still have considerable amount of magnesium ingot in stock," said the source. Therefore, the source holds that the price is mostly likely to keep stable in the following two weeks.
Meanwhile, the source predicts that the price may experience a tiny increase in the second half of July owing to decrease in production and also reduced stockpile in the market. According to the source, as blue coke does not sell well, many coke plants in Shaanxi are facing the danger of cutting down output and thus might affect the magnesium production. Additionally, with summer deepening, some magnesium ingot smelters may also reduce output due to the hot weather.
A Shanxi-based producer sold 30-40t of magnesium ingot at RMB15,100/t (USD2,208/t) ex works in the middle of last week and has not closed any business since then. "I feel the market is stable," said the source. "I heard that some smelters are trying to push the price up slightly but I don't think they can succeed."
Running at half of the production capacity of 1,000tpm, the smelter holds a stock of around 200t. The source calls for a stable market for magnesium ingot. "If the price rises significantly either out of strong demand or market manipulation, more smelters will resume production stimulated by higher price. In that case, the market will be at stake again," the source stated.
Meanwhile, the source confirmed that most smelters in Shanxi and Ningxia put their offers at RMB15,100-15,300/t (USD2,208-2,237/t) ex works and the price is RMB200-300/t (USD29-44/t) lower in Shaanxi. ...
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European ferromolybdenum price hiking

BEIJING (Asian Metal) 15 Jun 09 – Though the buying is not very active in European market, the ferromolybdenum price climbed up to USD26.00-27.00/kg last weekend due to the tight supply. Because the ferromolybdenum price has not reached the break-even point for converters, the supply for ferromolybdenum remains tight.
A trader reported that they sold a small volume of ferromolybdenum 65% at USD26.1/kg d.p. in warehouse Rotterdam in the beginning of last week, and the price increased to USD26.00-27.00/kg d.p. last weekend. "I heard that some other traders sold materials at USD26.60/kg," said the source.
The trader indicated that consumers are still buying slowly but constantly, so he thinks that the demand will remain stable until this summer.
Another trader confirmed that ferromolybdenum prices have risen to USD26.00-27.00/kg d.p., and he sold several small volume of 2-3t at USD26.50-27.00/kg d.p. last weekend. "You can't buy enough materials from converters because they don't produce with no profits," remarked the trader.
However, a third trader reportedly sold a container of ferromolybdenum 65% in the second half of last week at USD26.00/kg, remarking that the price was already over USD26.50/kg last Friday. The source has another container of ferromolybdenum on hand, and offers USD27.00/kg d.p. in warehouse.
Seeing the hiking ferromolybdenum prices, buyers show more confidence in the market trend, and people have accepted prices around USD10.50/lb for molyoxide. A trader sold 2 batches of molyoxide last week, disclosing that they sold one container at USD10.53/lb, and another 10t at USD10.55/lb. ...
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Antimony trioxide,Antimony Ingot market stable

The antimony trioxide price keeps comparatively stable this week, although it is higher than last week's level because producers have raised offers on higher production cost caused by the increased price of antimony ingot, market sources reported to Asian Metal.
A Hunan-based producer, with a capacity of around 200tpm, currently offers RMB28,000/t (USD4,094/t) ex works for antimony trioxide 99.5%min, RMB500/t (USD73) higher than the offer at the end of May, but finds it hard to persuade end users to accept this price. "The antimony ingot price has risen to RMB30,500-31,000/t (USD4,459-4,532/t) ex works from RMB29,500-30,000/t (USD4,313-4,386/t) ex works one month ago, so we have to raise our quotation for antimony trioxide," said the source. However, the source revealed that demand for antimony trioxide remains slack and end users are reluctant to accept the price increase.
To avoid risks, the source produces antimony trioxide after receiving orders from customers. "We dare not hold large quantities of antimony ingot on hand, and not hold inventories of antimony trioxide, either," the source added.
The source anticipates that the it will be hard for antimony ingot price to rise further, and the antimony trioxide market is likely to remain stable in the following one or two weeks.
A South China-based consumer plans to buy 20t of antimony trioxide 99.8%min with special requirement for the content of impurity. "Major producers offer us as high as RMB29,000/t (USD4,240/t) ex works with six months D/A, but we may have to accept the price because the product we're inquiring is with superior quality," said the source.
Meanwhile, the source reported that the antimony trioxide market goes stable and the price for standard antimony trioxide 99.5%min is in a range of RMB27,500-28,000/t (USD4,020-4,094/t) ex works for cash payment. ...
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Catalytic Antimony Trioxide

Catalytic Antimony Trioxide

Property:
Antimony trioxide is a kind of white fine powder and the main crystal structure is of cubical shape.
Product Description:
This product used high quality antimony trioxide as the raw material and is grained by polymerization. It doesn't keep special property of high quality antimony trioxide but also has no influence on the producing environment and workers' health because there is no dust in operation.
Application:
1. Mainly used as polyester catalytic in the synthetic fiber industry. It is the product with high solubility in ethylene glycol and this allows the products to be introduced into the PET reactor as a solution or suspension instead of powder form.
2. used as a fire retardant in the membranes of plastic industry ,the enclosures of electric devices and household electric appliances,such as PVC, PP, PE, PS, ABS and PU, etc..
3. Used as filling, covering agents and retardants for rubber, ceramics, enamels, fabrics and fiber products.
4.Used as catalytic agent in organic synthesis.

Packing: Packed in 25 kilograms multiwall paper bags, 40 bags per pallet. Each pallet is stretch wrapped in polythene to prevent shifting of the bags during transit or as customer's requirements.
Antimony Trioxide HS Code: 2825800000.
CAS No.:1309-64-4.
Antimony Trioxide UN No.: 1549.
Export Trade Terms: FOB, CFR or CIF.
Minimum Order Quantity: 5.0Mt .
Terms of payment: T/T, L/C at sight or by further negotiation.
Delivery Time: 15 - 25 days after receipt of advance payment or original L/C.

Specification:

Item			Sb2O399.80	Sb2O399.85	Sb2O399.9
Chemical composition	Sb2O3%(min)		99.80	99.85	99.90
	Impurity	As2O3 ppm (max)	400	300	200	50
		PbO ppm(max)	400	300	100	50
		Fe2O3 ppm(max)	50	20	10
		CuO ppm(max)	20	20	10
		Se ppm (max)	20	20	5
Physical property	L		96	97	97
	B		0.90	0.90	0.90
	MOISTURE %		0.03	0.02	0.02
	SOLUBILITY IN 2N HCl (1%)		ok	ok	ok
	ABSORBANCE OF 1% SOLN. IN MEG AT 420 NM, 5CM CELL		0.04	0.035	0.03
	White degree		96	97	98
	Average size(µm)		0.3-0.6	0.3-0.6	0.3-0.5

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