1. Prices Trend

This week (Oct.14-Oct.18) the price of 1# antimony ingot in China increased. The average price at the beginning of the week was 40,750RMB/t, while at the end of the week was 42,000RMB/t with a rise of 3.07%.

On Oct 19, the Antimony Commodity Index was 58.47, the same as that of yesterday. Compared with the peak of 102.32 (Oct 16, 2012) in the cycle, it dropped 42.86%. While it was 24.46% higher than the lowest level of 46.98 (Dec 24, 2015). (Cycle: Sep 08, 2012 to date)

2. Analysis of quotations tendency

Upstream and downstream: This week, the price of antimony trioxide rose with the trend of antimony ingot on Wednesday, and the transaction was limited. On Friday, the average price of antimony trioxide was 36,500RMB/t (99.5%) and at 38,500RMB/t (99.8%).

Domestic market: This week's antimony ingot market continued the trend of last week and kept rising. Due to the firm price information of major domestic manufacturers, the price of this week has increased significantly. On Friday, the price of 2# low bismuth antimony ingots was 41,000RMB/t, 1# antimony ingots was 41,500 RMB/T, 0# antimony ingots was 42,500RMB/t, and 2# high bismuth antimony ingots increased 2,000RMB/t, and the increase of other models was all 2,500RMB/t . At the end of the third quarter, antimony ingot will enter the traditional peak season of the fourth quarter. The downstream stock is more active. The overall transaction of the market is good. Some traders are reluctant to sell, and the overall market atmosphere is good.

Nonferrous Industry: Market sentiment was mixed this week. At the beginning of this week, China and the United States reached an agreement on the framework of trade negotiations. The process of brexit was accelerated, the market performance was good, and basic metals generally stabilized in a high range of shocks. However, with the release of global economic data in succession, the trend of global economic downturn made the basic metals one after another spit out the weekly gains, showing a high pressure situation.

3. Prospect for the future

Next week, European and American economic data are still relatively concentrated, and are expected to remain weak. The US dollar is in low-level consolidation, which may support the basic metals. There are long orders delivered in the domestic trade market. Due to the upgrade of value-added tax tickets, the spot performance may be strong. Most of the basic metals will maintain the swinging pattern in certain range, and it is temporarily difficult to have the ability and space for a major breakthrough. In terms of antimony ingot, the market confidence will continue to recover under the influence of the overall good performance of the market and obvious firm price sentiment of manufacturers, and the strong price may continue for a period of time.

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