Price trend

From October 27, 2022 to November 3, 2022, the market price of antimony ingots in East China will be lowered. Last weekend, the price was 78,750 RMB/ton, and this weekend, the price was 77,750 RMB/ton, down 1.27%.

Analysis review

From the monitoring data of SunSirs, we can see that the antimony ingot market had an upward trend before and after the Spring Festival. After the middle of March, it entered a stable period. In the middle of April, it entered a downward channel. At the end of April, the decline slowed down. In May, the trend was stable. In June, the price entered an upward channel. After a short period of stability in July, it fell again. After August, the market gradually stabilized, unchanged for seven consecutive weeks, and declined at the end of October.

This week's European strategy, the price of small metal antimony remained stable for the time being. As of November 3, the price was 11,700 US dollars/ton, with a weekly drop of 200 US dollars/ton. Recently, the market transaction was relatively cold and limited.

The weekly antimony ingot price continued its downward trend at the end of October, and finally broke the weak balance at the end of October after the antimony ingot price remained stable for seven weeks. This round of decline was still driven by demand. Recently, the performance of antimony oxide in the downstream was not good. Antimony was mainly used in the flame retardant industry downstream, accounting for about 60%. Recently, the overall demand of the flame retardant market was poor, which adversely affected the sales of antimony oxide. Poor sales of antimony dioxide further affected the production of antimony ingots. However, the overall supply and demand did not change much recently. Under the pattern of weak supply and demand, downstream enterprises still maintained on-demand procurement. On the supply side, the output in October did not change much since the large domestic factories resumed production in September. As the external antimony ingot price continued to decline slightly, market participants generally believed that the possibility of antimony ingot price declining was growing.

The domestic antimony oxide market price was weak this week, the sales of antimony oxide remained weak, and the downstream market was short of buying gas. The purchase of antimony ingots by antimony oxide enterprises was still on demand recently, and the overall market atmosphere was wait-and-see.

Market outlook

SunSirs expects that the overall performance of the antimony ingot market will remain stable and weak under the condition that the downstream demand will not improve in the near future.

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