SunSirs: Chinese Antimony Declines at the End of March 2020, down 9.5%

1.Price trend

In March 2020, the domestic 1 # antimony ingot market was lower at the end of the month. The average domestic market price was 42,125 yuan / ton at the beginning of the month and 38,125 yuan / ton at the end of the month, down 9.5%.

The antimony commodity index on March 30 was 53.07, which was the same as yesterday. It was 48.13% lower than the highest point of the cycle at 102.32 (2012-10-16) and 12.96% higher than the lowest point of 46.98 on December 24, 2015. (Note: Period refers to 2012-09-08 to present).

2. Market analysis

Upstream and downstream: The price of antimony trioxide this month followed the price of antimony ingots. As of the 31st, 99.5% was at 34,500 yuan / ton, a monthly decrease of 2,500 yuan / ton; 99.8% was at 36,000 yuan / ton, a monthly decrease of 3,500 yuan / ton.

Domestic market: The antimony ingot market continued to decline this month. At the beginning of the month, due to the start of the market in Hunan, the situation has not resumed. Enterprises are gradually returning to work. Manufacturers are reluctant to sell mainly due to the impact of international events. The antimony ingot market has remained stable. The domestic demand has been suspended. Major domestic manufacturers have plans to reduce production. The price of antimony has fallen under the dual impact of export demand. As of the 31st, the price of 2 # low bismuth antimony ingot was 36,500 yuan / ton, 1 # antimony ingot 37,000 yuan / ton, and 0 # antimony. The ingot was 38,000 yuan / ton, and the average price of 2 # high bismuth antimony ingot was 34,000 yuan / ton, down 1500-2000 yuan / ton.

3. Outlook

Entering April, the domestic situation has been further controlled. The market is expecting a warmer consumption in April, but overseas is still serious, and market risks are dependent. The domestic resistance to decline is still stronger than the external disk. The ratio of some products will continue to be repaired.

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