Price trend:

According to the business data analysis system of SunSirs: During this period, the domestic market for 1# antimony ingots experienced slight fluctuations and a downward trend. The average price on December 1st was 173,750 RMB/ton, and the average price on December 8th was 172,250 RMB/ton, a decrease of 0.86%. As of December 8, the antimony market was in a stalemate. The mainstream price of domestic 1# antimony ingots remained at 169,000-172,000 RMB/ton, and the price of 99.8% antimony oxide was approximately 150,000-152,000 RMB/ton. Both domestic and international markets recently saw correction. As of December 8, downstream demand was weak, and trading activity was subdued, resulting in a slow downward trend in prices. Antimony prices are expected to remain stable but slightly weaker in the near future, but the downward potential is relatively limited.  Close attention should be paid to subsequent changes in demand and cost support.

Market Analysis

Demand side:

In the traditional downstream demand for antimony, flame retardant materials account for approximately 55%, and glass accounts for approximately 15%. Antimony is an essential and irreplaceable element in the production of photovoltaic glass. With the continuous development of China's photovoltaic industry, the main increase in demand for antimony metal in the future will come from the photovoltaic sector.

Antimony Oxide: The antimony oxide market remained relatively stable recently, with export performance being average. Overall market sentiment was weak, demand was primarily for essential needs, and purchasing volumes were low, resulting in sluggish market activity..

Photovoltaics: Photovoltaic glass manufacturers maintained stable production capacity recently, with no significant changes observed. However, demand remained weak. Downstream module manufacturers were experiencing a continuous decline in orders, leading to a steady increase in industry inventory levels. The overall high inventory pressure was negatively impacting market sentiment, resulting in a generally weaker market trend and further reducing demand for raw materials.

Market Forecast:

In the short term, the recent fundamental performance is generally stable but slightly weaer, and antimony prices may remain stable with minor adjustments. As the market enters December and approaches the New Year holiday, some downstream companies may release some year-end restocking demand. Overall, the spot prices were relatively stable, and the market continued to be optimistic about export expectations and year-end stockpiling.  However, buyers and sellers were in a stalemate, and a stable to slightly weaker trend is expected in the short term. The focus will be on pre-holiday stocking conditions.

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