SunSirs: Nonferrous Antimony Market Fell 0.89% at the End of November

1. Price trend

In November 2019, the domestic 1# antimony ingot market fell at the end of the month, with an average price of 42,000RMB/ton at the beginning of the month and 41,625RMB/ton at the end of the month, down 0.89%.

On November 30, the Antimony Commodity Index was 57.95, the same as that of 29th. Compared with the peak of 102.32 (Oct 16, 2012) in the cycle, it dropped 43.36%. While it was 23.35% higher than the lowest level of 46.98 (Dec 24, 2015). (Cycle: Sep 08, 2012 to date)

2. Market analysis

Upstream and downstream: In November, the price of antimony trioxide followed the trend of antimony ingot to the end of the month. As of the 30th, the average price of antimony trioxide was 99.5% at 36,000RMB/ton and 99.8% at 38,500RMB/ton. In terms of raw antimony ore, the price change was limited, and the price was relatively stable. Near the end of the year, some mine owners have the willingness to withdraw funds, but the price is relatively firm and the fluctuation is limited.

Domestic market: The spot market was in a stable trend in November. Near the end of the month, the price was declining. The market continued to have light trading and limited negotiation. As a result, some manufacturers slightly reduced the price to sell, resulting in a certain degree of price decline. However, nearly the end of the year, most manufacturers have basically completed their annual tasks, and will not make too much adjustment to the market. This price correction is also the previous period The small-scale fluctuation after the rise has limited impact on the market. The main domestic manufacturers are still firm in price mentality, and there is limited space for subsequent continuous decline. As of the end of the month, the average price of 2# low bismuth antimony ingot was 39,500RMB/ton, 1# antimony ingot was 40,000RMB/ton, 0# antimony ingot was 41,000RMB/ton, and 2# high bismuth antimony ingot was 37,500RMB/ton.

Industry: U.S. economic data is good. Powell said in the Federal Reserve's beige book that he is optimistic about the U.S. economic expectations. The U.S. stock market has set a new record, but the high U.S. dollar also suppresses the basic metals.

3. Future prospects

In December, European and American data sets will have a certain impact on market confidence and the dollar index. In the near future, the fund tolerance is high and the performance is loose. The domestic basic metals may be in the final rush active state before the end of the year. It is expected that the spot antimony ingot market in East China will fluctuate slightly with limited price fluctuation.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.