Price trend

From July 7, 2023 to July 14, 2023, the antimony ingot market in East China declined slightly. The price at the beginning of last week was 79,500 RMB/ton, and the price at the beginning of this week was 78,000 RMB/ton, down 1.89%.

From the K-bar chart of commodity prices, it can be seen that the trend of the antimony ingot market was relatively stable in April, and the market was declining for five consecutive weeks since June.

Analysis review

The price of European strategic small metal antimony temporarily stabilized this week, reaching 11,650 US dollars per ton as of July 14th. The price remained stable this week, and the overall market atmosphere was on the wait-and-see side.

The antimony ingot market continued its downward trend this week, with a decrease of approximately 2,000 RMB/ton within the week. The changes in supply and demand were limited, and they still turned into weak supply and demand. As downstream demand remained weak for a long time, refineries had become more relaxed, and market prices had begun to decline. In terms of demand, the sales of antimony oxide in the market were still weak, with weak demand and overall cold market trading. The summer break in the European region was approaching, and prices in overseas markets continued to decline. The export situation was not performing well, and market expectations for the future were not good. Under the influence of multiple bearish factors, the price of antimony ingots had continued to decline.

This week, the antimony oxide market was operating weakly, with weak downstream demand and overall soft market transactions. The demand for antimony ingots remained rigid, and the intention to get goods from upstream was weak, and on-demand procurement was maintained.

Market outlook

Overall, the current market supply and demand are both weak. With the continuous decline of prices, the market's wait-and-see mentality has become increasingly strong. Some deals have been made on dips, and the mentality of refineries to support prices has become loose. It is expected that the market will continue to be weaker in the future.

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