NEW YORK, March 14, 2016 /PRNewswire/ -- Since 2015, China's antimony industry has been characterized by the followings:
China sees a continued decline in the output of antimony concentrates and antimony products. Owing to weak demand from downstream sectors, downward mobility of prices as well as rising costs, the operating rate of Chinese antimony production enterprises is not high in general, and the industry's gross output falls. From January to September of 2015, China's cumulative output of antimony products dropped 8.72% year on year to 155,354.49 tons; the output of antimony concentrates shrank 7.4% year on year to 79,791 tons.
The import of antimony concentrates slumps, while the export of unwrought antimony surges. Since 2014, domestic enterprises have reduced or ceased production, the antimony ore demand has descended and the overseas smelting capacity has been released, resulting in a substantial decline in the antimony concentrate import. According to the statistics of the customs, China imported about 30,555 tons of antimony concentrates with a year-on-year decrease of 26.83% from January to August of 2015.
From January to August of 2015, China exported 3,271 tons of unwrought antimony, soaring by 374.75% year on year, because the crackdown of the customs on smuggling propelled the supply of formal export channels significantly.
The antimony industry suffers losses amid lower prices and rising costs. China Nonferrous Metals Industry Association reveals that China's antimony ore mining and dressing earned profits of RMB88.338 million from January to August of 2015, dipping by 42% year on year; meanwhile, antimony smelting made losses of RMB157 million, compared with the profit of RMB260 million in the same period last year.
In addition, the domestic antimony giant Hunan Gold (formerly known as Chenzhou Mining) which is a listed company achieved the antimony product revenue of RMB487.8816 million in the first half of 2015, representing a year-on-year fall of 22.26%, accounting for 16.95% of the operating revenue (6.12 percentage points lower than 23.07% in the same period last year). With annual capacity of 40,000 tons, the company produced 13,891 tons of antimony products in the first half of 2015, up 5.71% year on year.
China Antimony Industry Report, 2015 highlights the followings:
Global antimony reserves, output, and demand;
Policies about antimony industry in China, mainly including these on exploitation cap and export quotas;
China's antimony reserves and distribution, antimony concentrates, output and distribution of antimony products, antimony demand, demand structure and major antimony applications, main antimony price trends and market competition pattern;
China's import & export volume of antimony concentrates and antimony products;
11 major antimony-related companies in China.
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