1. Prices Trend

In October 2019, the domestic antimony ingot 1# fluctuated higher, with the average price of 39,750RMB/t at the beginning of the month and 42,000 RMB/t at the end, 5.66% higher.

On Oct 31, the Antimony Commodity Index was 58.47, the same as that of Oct 30. 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. Market Analysis of Shanghai Futures Market

Upstream and downstream: In Oct, the prices of antimony trioxide rose with the trend of antimony ingot. On the 31st, the average price of antimony trioxide 99.5% was 37,000RMB/t, 99.8% was 39,250RMB/t.

Domestic market: In the first part of Oct, the spot market prices mainly went higher, determined by the strong confidence of major domestic manufacturers. In the middle of this month, the price of 2# high bismuth antimony ingot increased by 2,000RMB/t, while that of other models increased by 2500RMB/t. At the end of the third quarter, we entered the traditional peak season of the fourth quarter. The downstream stock became more active. The overall transaction of the market was good. Some traders were reluctant to sell, and the overall market atmosphere was good. In the late ten days, the market prices stopped rising and entered consolidation after a rapid rise. Both sides of the market began to test each other and wait and see. At the end of the month, the average price of 2# low bismuth antimony ingot was 41，000RMB/t, 1# antimony ingot was 41，500RMB/t, 0# antimony ingot was 42，500RMB/t, and 2# high bismuth antimony ingot was 39,000RMB/t.

3. Prospects for the Future Market

Next week's economic data is still concentrated. In addition to the employment data, there are PMI data from various countries. It's hard to be optimistic about the expected data, and there's no room for a sharp rise in the low dollar index recovery. However, the worry about economic fatigue still makes the bullies of various metals afraid. If the market shows a correction, it may increase the willingness of downstream consumers to buy into the market. In November, the atmosphere will be much better than this week. Antimony ingot Market has experienced the rapid price rise in the first ten days of October, and now it has entered the consolidation trend. However, due to the fact that the current supplier action is still unified, the market has some other impacts, the general trend has not changed, and it is expected that the high consolidation in the future will be the main trend.

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