SunSirs: Antimony Ingot Market fell this week (January.06 - 10)

1. Price trend

The antimony commodity index on January 10 was 53.77, unchanged from yesterday, down 47.45% from 102.32 (October 16, 2012), the highest point in the cycle, and up 14.45% 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: on Wednesday, the price of antimony oxide fell with the trend of antimony ingot. As of Friday, the average price of antimony oxide was 99.5% at 33,500RMB/ton, and 99.8% at 36,000RMB/ton. In terms of raw materials: the delivery and investment of mining enterprises are light, some mines are still shut down for maintenance in winter, and the delivery and investment are limited, and most mines are shut down for maintenance or suspend the delivery quotation.

Domestic market: the antimony ingot market fell this week, mainly due to the approaching of Spring Festival, the approaching of holidays for most manufacturers, the impending suspension of logistics and transportation, the end of downstream stock up ahead of time, and a significant decline in market volume. In terms of price, as of Friday, the average price of 2# low bismuth antimony ingots is 37,000RMB/ton, 1# antimony ingots is 37,500RMB/ton, 0# antimony ingots is 38,500RMB/ton, and 2# high bismuth antimony ingots is 34,500RMB/ton.

Nonferrous Industry: this week, the market shrouded in the risk sentiment brought about by the US Iraq conflict. Crude oil and gold soared, and nonferrous metals were passively pressured, first suppressed and then raised. As the United States announced to replace the full-scale war with economic sanctions, the risk aversion mood was eased, and the low metal level gradually picked up.

3. Future prospects

Next week will usher in the first round of signing the Sino US trade agreement. There are a lot of data in the United States, and it is expected that the U.S. dollar will still have room to continue to recover. China will face the delivery of the 2001 contract. With the delivery for another month, downstream consumption will gradually enter the Spring Festival holiday mode, and consumption will obviously turn weak, and basic metals will fall under pressure after surging. From next week, it will be closed in recent years. Most manufacturers will have a holiday. The market is light and the price is stable.

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