SunSirs: Antimony Ingot Market Recovered Stability (March 02-06)

1. Price trend

On March 8, the antimony commodity index was 58.64, unchanged from yesterday, down 42.69% from 102.32 (Octover 16, 2012), the highest point in the cycle, and up 24.82% 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 oxide Market was stable following the trend of antimony ingot on Wednesday. As of Friday, the average price of antimony trioxide was 99.5% at 37,000 RMB/ton, and 99.8% at 39,500 RMB/ton. The price was stable.

Domestic market: last week's antimony ingot market was relatively stable. After the sharp rise in February, the week's price was relatively stable. The market in Hunan has not yet recovered. In the process of enterprise's return to work, manufacturers were reluctant to sell. As of Friday, the average price of 2# low bismuth antimony ingots was 41,000 RMB/ton, 1# antimony ingot was 41,500 RMB/ton, 0# antimony ingot WAS 42,500 RMB/ton, and the average price of 2# high bismuth antimony ingots was 36,500 RMB/ton.

Industry: the basic metals rose first and then suppressed. At the beginning of that week, under the expectation of the Fed's interest rate cut, the dollar fell sharply, and the low recovery of the basic metals almost all recovered the losses of the previous Friday. However, with the Fed's unexpected interest rate cut of 50 basis points, the market's worries about the spread of the overseas epidemic will affect the global economy in the future have been repeated, and the metal surged back.

3. Future prospects

The spread of global epidemic worries still make market bears ready to move, and guard against the coming of short again. However, as delivery approaches next week, there is a certain degree of resilience in China. The recovery of domestic production may stimulate the increase of bargain hunting, and more basic metals will show a weak and strong feature.

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