Price trend

In January 2023, the domestic 1# antimony ingot market rose slightly. The average market price in East China was 75,000 RMB/ton on January 1 and 78,250 RMB/ton on January 29, up 4.33%.

The antimony commodity index on January 28 was 108.93, which was the same as the previous day, down 6.57% from the highest point of 116.59 points (2022-04-17) in the cycle, and up 131.86% from the lowest point of 46.98 points on December 24, 2015. (Note: the cycle refers to September 8, 2012 to now).

Analysis review

It can be seen from the monitoring data of SunSirs that the antimony ingot market had an upward trend before and after the Spring Festival. After entering the downward channel in April, the decline had slowed down. The market had warmed again in June, continued to decline slightly in July, declined slightly in August, remained stable in September, declined slightly in October and November, and warmed up in December and January.

In terms of external market, the European strategic small metal antimony market continued to rise slightly in January. As of the 28th, the quotation was 12,600 US dollars/ton, with a cumulative increase of 500 US dollars/ton, driving the domestic market atmosphere to warm up.

In terms of the industrial chain, the antimony oxide market continued to rise slightly this month, as the stock preparation before the holiday brought a wave of rebound in the small market, driving the market to warm up and the price to rise. Overall, the sales situation of antimony oxide market was still weak. The downstream market purchased on demand, the flame retardant market performed generally, and the overall market atmosphere was weak. The purchase of antimony ingots by antimony oxide enterprises was still on demand recently.

In January, the antimony ingot market continued to follow the trend at the end of December, with an upward trend. Before the Spring Festival, affected by the holiday, some antimony ingot manufacturers and antimony oxide manufacturers gradually entered the holiday mode, and the overall low start of the factory led to the continuous tight supply in the market, and the intention of preparing goods before the holiday in the downstream remained. The supply and demand game supported the price of antimony products to fluctuate upward. According to SunSirs, the fundamentals of the domestic antimony ingot market had not changed much. It was still the tight supply at the mine end, and most of the downstream demand that supported the market to rise this month was also caused by the stock preparation before the holiday, so the overall supply and demand side had not changed much this month.

Market outlook

In the future, under the support of the current tight supply, it is expected that the antimony ingot market will remain stable and will be stronger in the short term. In the long run, as the holiday season approaching, the market volume is gradually weak and the market is temporarily stable. In the future, it is needed to focus on the commencement and export of mainstream manufacturers after the Spring Festival.

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