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Antimony Market Weekly Review|#0125-0129#

Release date:2021/2/1 14:01:20

Approaching the eve of the Spring Festival, antimony prices slow down


With the approach of the Spring Festival and the end of January of the new year, the overall market price of antimony products continues to rise, but the upward trend has slowed down. The current large supply and demand environment has not changed much, and the raw materials of antimony ore are still in serious shortage. The price of ore is also high, but at present, almost all antimony ingot manufacturers in China are still in the state of suspending production or greatly reducing production. It is understood that the antimony oxide inventory of some antimony oxide manufacturers has gradually become tight, and the shipments of antimony oxide have begun to be sold. sign. Many manufacturers reported that the overall sales volume of antimony oxide rebounded significantly in January and even exceeded expectations. Some manufacturers even temporarily stopped selling antimony oxide. Judging from the early stage capital involvement in the speculation, due to the current overall price increase of antimony products, capital gradually began to calm down, and many long-term funds began to hesitate and wait and see. However, the overall market’s overall bullish sentiment towards the market is still strong. The market inquiries for the purchase of antimony ingots and antimony oxides are still relatively active, but the purchase is a little cautious. The price of antimony products may see a new high in the future, but it is expected to rise. The trend will slow down.


In terms of antimony ingots, the average price of SMM antimony as of the weekend: 2# low bismuth antimony ingot 48,500 yuan/ton, 1# antimony ingot 50,000 yuan/ton, 0# antimony ingot 51,000 yuan/ton, 2# high bismuth antimony ingot average price 43,500 yuan/ton Ton, the price has increased by RMB 1,000/ton compared to last week. As for the market price of antimony oxide this Wednesday, as of the end of the week, the average price of SMM antimony trioxide was 99.5% at 45,000 yuan/ton, and 99.8% at 46,000 yuan/ton, an increase of 500 yuan/ton compared to last week. It is expected that the price of antimony products will continue to rise in the near future. However, since next week will gradually enter the countdown before the Spring Festival, it is expected that even if the market price rises, the rate will not be too great.


Market forecast next week: 60% probability of rise, 40% probability of steady, 0% probability of fall


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