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Antimony Market Weekly Review|#0322-0326#

Release date:2021/3/27 19:46:48

Antimony: Antimony prices are temporarily stable and trading weakens


Although the price of antimony market has remained stable this week, buyers and sellers may be watching, but in terms of the activity of actual market transactions, the overall market is still weakening. In addition to the fact that some antimony oxide companies said that the order was acceptable, many market participants said that the current market buyers and sellers have insufficient confidence in the future price trend, and the sales of antimony ingots have also encountered certain difficulties. According to the news, the recent Central Eco-Environmental Inspectors' Meeting and the Reorganization of Outstanding Environmental Issues have been successfully held. According to participants, the Central Environmental Protection Team will be stationed in Hunan in mid-April. According to relevant sources in the Lengshuijiang area, at the Lengshuijiang Municipal Government’s Environmental Issues Correction Conference, it was stated that the central ecological and environmental protection inspection team should be stationed in the Lengshuijiang area around April 14. The market generally believes that once the central ecological and environmental protection inspection team enters the Hunan region in mid-April, it will have a huge impact on the production of the antimony industry to a certain extent. In addition to the large-scale shutdown of the blast furnace due to the lack of raw materials in the Lengshuijiang region, it will It has also had a huge impact on the production of blast furnaces in other regions such as Xinghua, resulting in a more obvious shortage of antimony ingot supply, and the impact will continue until May. Therefore, at present, antimony ingot manufacturers in most areas including Lengshuijiang area are still reluctant to sell antimony ingots. Coupled with the indefinite time for its overseas mines to enter the country, these factors may form a certain support for the price of antimony ingots.


Some people from antimony ingot manufacturers said that they are actively receiving goods recently and that they have basically purchased the antimony ingots stored in various factories. Although it is estimated that there may still be a small amount of antimony ingots stored in private warehouses that have not yet been received. According to these market participants, since there are no raw materials, there will be no antimony ingots. For private enterprises that require a very high capital flow rate, it is most inappropriate to hold money at present, so it is better to The goods of these people who are still holding antimony ingots on the market are bought and converted into their own inventory. At present, it is estimated from the exchanges and feedbacks that the inventories of manufacturers in the tin mine area should not exceed 1,500 tons of antimony ingots, and the non-governmental antimony reserves and credit unions' equal pressure warehouses will not exceed 12,000 tons. Therefore, compared with the original, antimony Ingot inventories have been greatly reduced, and many of them are still unmovable and circulated. However, some market participants believe that even those antimony ingots pressured by speculative funds, if they all flow into the market in the near future, the acceptance of the market may not be as smooth as expected, and even if the market does not receive these resources, then these are originally low. The cost of "gambling chips" will speed up the downward adjustment of prices and shipments in order to buy into the bag, then the impact on the market will be unimaginable, and these situations are likely to be revealed next week. So far, the average price of SMM antimony: 2# low bismuth antimony ingot 70,500 yuan/ton, 1# antimony ingot 72,000 yuan/ton, 0# antimony ingot 73,000 yuan/ton, 2# high bismuth antimony ingot average price 65,500 yuan/ton, compared with The price remains unchanged compared to last week. As for the market price of antimony oxide this Wednesday, the average price of SMM antimony trioxide so far is 99.5% at 65,000 yuan/ton, and 99.8% at 66,000 yuan/ton, unchanged from last week.


The market forecast for next week: the probability of rising is 0%, the probability of steady is 50%, and the probability of falling is 50%.




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