1. Prices Trend
The domestic prices of 1# antimony ingot were stable, and the domestic market prices were 42,000RMB/t.
On Nov 15, the Antimony Commodity Index was 58.47, the same as that of Nov 14. 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
Upstream and downstream: Antimony oxide remained stable with the trend of antimony ingot on Wednesday, and the transaction was light. On Friday, the average price of antimony trioxide 99.5% was at 37,000RMB/t and 99.8% was at 39,250RMB/t.
Domestic market: The antimony ingot market was weak and consolidated, with limited market trading and low turnover. The downstream wait-and-see mood was strong. However, affected by the market atmosphere, most of them remain wait-and-see, with low purchase intention and seasonal downturn. On Friday, the average price of 2# low bismuth antimony ingots was 41,000RMB/t, 1# antimony ingots was 41,500RMB/t, 0# antimony ingots was 42,500RMB/t, and 2# high bismuth antimony ingots was 39,000RMB/t. The willingness of most large factories to hold up their prices was still strong. Most enterprises hold up their prices. Some small manufacturers had loose prices, mainly to reduce the financial pressure.
Non-ferrous industry: This week's data in Europe and the United States were lower than expectation, the U.S. dollar index was high and volatile, and basic metals fell across the board under the pressure of short return.
3. Prospects for the Future Market
The US data is expected to be moderate, and the US dollar is expected to fall back at a high level. The domestic metal market will attract long-term delivery of spot goods. Under the condition of loose capital, all of which can support to repair the sharp fell of base metal, and some metal items that can be supported by the fundamentals are expected to recover. It is expected that the spot tin market will mainly have a wait-and-see attitude.
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