SunSir: Supply and Demand Gamed, the Antimony Ingot Market Narrowly Fluctuated (July 28-August 4)

Price trend

From July 28 to August 4, 2023, the antimony ingot market in East China fell first and then rose. The price was 76,000 RMB/ton at the beginning of last week, and 75,750 RMB/ton at the beginning of this week, a decrease of 0.33%.

Analysis review

From the data of SunSirs, it can be seen that the trend of the antimony ingot market was relatively stable in April and May, and the overall market was weaker in June, with most of the market falling.

The price of European strategic small metal antimony temporarily stabilized this week, reaching 11,450 US dollars/ton as of August 4th. The price remained stable this week, and the overall market atmosphere was on the sidelines.

This week, the antimony ingot market fell first and then rose, with prices slightly reduced by 250 RMB/ton during the week. The changes in supply and demand were limited, and supply and demand were both weak. As downstream demand remained weak for a long time, refineries had relaxed their mentality, and market prices started to decline. Over the weekend, manufacturers raised prices, and prices had stopped falling. In terms of demand, the downstream antimony oxide market still performed poorly, with overall weak demand and cold market trading. The overseas market stopped falling this week, slightly boosting the mentality of the domestic market.

This week, the antimony oxide market was operating to be weaker, with weaker downstream demand and overall softer market transactions. The demand for antimony ingots remained on-demand, while the intention to receive goods from upstream was weaker, and on-demand procurement was maintained.

Market outlook

Overall, the market supply and demand were weak, and refineries tended to support prices. The supply and demand gamed. It is expected that the antimony ingot market will be stable in the short term.

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