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SunSirs: China's Antimony Ingot Market Continued to Maintain Stable Last Week (June. 22-24)
June 29 2020 09:34:33SunSirs(Linda)

Last week, China's antimony ingot prices remained stable, with limited market turnover.

On June 24, the antimony commodity index was 50.29, flat with June 23, down 50.85% from 102.32 (2012-10-16), the highest point in the cycle, and up 7.05% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

Last week, there was no significant improvement in the demand for antimony products at home and abroad. The price of antimony products remained stable this week. The transaction was slightly higher than that of last week, but the overall price was still relatively weak. The downstream just needs to purchase mainly. As of June 24, Chinese market had 2# low bismuth antimony ingots of 34,500 yuan / ton, 1# high bismuth antimony ingots of 35,000 yuan / ton, 0# high antimony ingots of 36,000 yuan / ton, and the average price of 2# high bismuth antimony ingots of 33,000 yuan / ton, which was the same as that of last week. The market price of antimony trioxide keeps stable with the trend of antimony ingot. By the end of the week, the average price of antimony trioxide was 99.5% at 31,750 yuan / ton, and 99.8% at 33,250 yuan / ton, which was the same as last week.

According to the price monitoring of SunSirs, in the 25th week of 2020 (6.22-6.26), there are 9 kinds of commodities in the list of commodity prices rising and falling, among which the top three commodities are titanium concentrate (1.98%), magnesium (1.76%) and neodymium (1.62%). There are 8 kinds of commodities falling on a month on month basis, and the top 3 products were cobalt (- 2.00%), zinc (- 1.14%) and dysprosium oxide (- 1.03%). That week's average was 0.17%. As the global stimulus policy continues to work, the trend of Chinese basic metals rebounded slightly under the loose monetary policy.

SunSirs believes that in the current situation of foreign demand for antimony products has not been improved, and the market turnover is low, most antimony ingot manufacturers hold up prices, and it is expected that the future market price will keep stable.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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