SunSirs: China's Antimony Ingot Market Ran Smoothly Last Week (May 25-29)

1. Price Trend 　　

The antimony commodity index on May 31 was 50.29, which was the same as May 30, a decrease of 50.85% from the highest point in the cycle of 102.32 (2012-10-16), and an increase of 7.05% from the lowest point of 46.98 on December 24, 2015. (Note: The period refers to 2012-09-08 to present).

2. Market analysis

Demand for antimony products at home and abroad has not improved significantly this week. The price of antimony products has remained stable. The transaction has been slightly lighter. On-demand procurement is the main. The average price of 2# low bismuth antimony ingot was 34,500 yuan/ton, 1# antimony ingot was 35,000 yuan/ton, 0# antimony ingot was 36,000 yuan/ton, and the average price of 2# high bismuth antimony ingot was 33,000 yuan/ton, which is the same as last week. The market price of antimony trioxide also followed the stable antimony ingot. As of the weekend, the average price of SMM antimony trioxide was 99.5% at 32,250 yuan/ton, and 99.8% at 33,750 yuan/ton, which was unchanged from the previous week.

SunSirs believes that in the current situation where the demand for antimony products has not been improved and the market turnover has been low, the price of antimony products in the later period does not rule out a small downward space.

According to SunSirs data monitoring, the May Colored Index continued its rebound in April. As of the end of the month, the Colored Index closed 815 points, up 2.9% from 792 points at the beginning of the month, down 4.2% from the beginning of the year, and down 3.07% year-on-year. SunSirs nonferrous industry analysts pointed out that compared with the 4.65% rebound in the April colored index, it was slightly inferior in May, only rebounded by 2.9%, the rebound rate has slowed down, affected by the epidemic this year, the colored index hit the March 19th After the outsole, Nonferrous Metals has been in a volatile rebound trend, with a cumulative rebound of 11.79%, but it is still lower than the value at the beginning of the year and has not reached the level of the same period last year. With the arrival of the traditional off-season in June, demand has slowed down, the prospects for the international market are still uncertain, and the non-ferrous market is under pressure. It is expected that the non-ferrous market in June may be slightly inferior to that in May, but it is still difficult to reach the level of the same period of last year.

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