Price Trend
In May 2019, the domestic market of 1_antimony ingots shook down, with the average price of domestic market at 43250 yuan/ton at the beginning of the month and 38875 yuan/ton at the end of the week, a decline of 10.12%.
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On June 3, the Sb Commodity Index was 54.12, unchanged from yesterday, down 47.11% from its peak of 102.32 points in the cycle (2012-10-16), and up 15.20% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).
II. Market Analysis
Upstream and downstream: As for antimony concentrate, the cost of domestic antimony ore and antimony ingot raw materials has been further reduced. Most manufacturers have saved costs by purchasing Russian antimony ore instead. The pressure of shipment of antimony oxide raw materials separated from domestic antimony ore and lead plant is very high, and the price continues to decline. Antimony trioxide Market follows the trend of antimony ingot this month, and the price fluctuation is lower. At the end of the month, the average price of antimony trioxide was 99.5% at 36 000 yuan/ton and 99.8% at 37 500 yuan/ton. This month’s trading situation as a whole is light, downstream wait-and-see, buy less fun.
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Domestic market: Antimony ingot market shocks fell by 10.12% this month, although manufacturers and traders have a strong price sentiment, but by the actual bad trading pressure, downstream market is still short, buy is not strong, prices go down. Near the end of the month, the price of antimony ingots has broken the 40,000 yuan/ton barrier as a whole. Although the tender sentiment of producers and suppliers is strong, the purchasing intention of downstream is still low, lacking the support of transaction, and the price is difficult to maintain stability. By the end of the month, 2_high bismuth antimony ingots are 370 yuan/ton, 2_low bismuth antimony ingots are 380 yuan/ton, 1_antimony ingots are 39250 yuan/ton, 0_antimony ingots are 50 yuan/ton.
3. Prospects for the Future Market
Because in recent years, under the pressure of capital, some enterprises can reduce the range of inquiries with good trading terms to close the transaction. With little change in supply and demand, the antimony market price is expected to continue to decline slowly next week, and suppliers will continue to wait and see.
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