1. Price trend

On February 14, the antimony commodity index was 55.86, up 1.39 points from yesterday, down 45.41% from 102.32 (October 16, 2012), the highest point in the cycle, and up 18.90% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to September 8, 2012 to now).

2. Market analysis

Upstream and downstream: the price of antimony trioxide rose with the trend of antimony ingot. As of Friday, the average price of antimony trioxide was 99.5% at 35,500 RMB/ton, and 99.8% at 38,000 RMB/ton.

Raw materials: affected by logistics, road closure and delayed resumption of work, most of the mines are still in shutdown.

Domestic market: the market price of antimony ingots rose this week, mainly affected by the supply shortage. The main antimony producing areas in China are concentrated in Hunan, Guangxi and other places. Most of the large antimony enterprises in Hunan are in the whole line shutdown state. It is expected that the resumption time will be mostly postponed to the end of February, and the measures such as road closure in Hunan region will stop the transportation. Therefore, the price of antimony ingots continued to rise this week, and the price was up to Friday 2# low bismuth antimony ingot: 39,000 RMB/ton, 1# antimony ingot: 39,500 RMB/ton, 0# antimony ingot: 40,500 RMB/ton, up 2,000 RMB/ton. The average price of 2# high bismuth antimony: 35,000 RMB/ton, up 500 RMB/ton.

3. Future prospects

The resumption of work will increase gradually next week, but road transportation and other conditions cannot be substantially improved. At present, antimony products are in different levels of supply shortage. It is expected that this situation will not be improved before the end of the month, and antimony series products will rise steadily in the future.

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