SunSirs: Chinese Antimony Ingot Market Went down (May.18-22)

1. Price Trend

The antimony commodity index on May 21 was 50.99, which was the same as May 20, a decrease of 50.17% from the highest point in the cycle of 102.32 (2012-October-16) and an increase of 8.54% from the lowest point of 46.98 on December 24, 2015. (Note: The period refers to 2012-September-08 to present).

2. Market analysis

Upstream and downstream: The price of antimony trioxide decreased following the trend of antimony ingot this week. As of Friday, 99.5% was at 32,250 yuan / ton, 99.8% was at 33,750 yuan / ton, down 750 yuan / ton compared with last week.

Chinese market: The price of antimony ingot market declined this week. Due to the impact of international events, domestic and international market demand has not recovered recently. Guangxi took the lead in lowering prices. The prices in major domestic markets have weakened, and the antimony industry chain has been in a light market However, the actual transaction has not improved significantly, and most of the downstream purchases are on demand. As of Friday, the price of 2 # low bismuth antimony ingot is 34,500 yuan / ton, 1 # antimony ingot is 35,000 yuan / ton, and 0 # antimony ingot is 36,000 yuan / ton, which is 500 yuan / ton lower than last week. The average price of 2 # high bismuth antimony ingot is 33,000 yuan / ton, which is stable compared with last week.

3. Outlook

Foreign public events continue to heat up. Without significant improvement on the demand side, domestic antimony product prices are unlikely to pick up. With the market prices weakening, the market outlook may continue to decrease.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

1. Price Trend

The antimony commodity index on May 21 was 50.99, which was the same as May 20, a decrease of 50.17% from the highest point in the cycle of 102.32 (2012-October-16) and an increase of 8.54% from the lowest point of 46.98 on December 24, 2015. (Note: The period refers to 2012-September-08 to present).

2. Market analysis

Upstream and downstream: The price of antimony trioxide decreased following the trend of antimony ingot this week. As of Friday, 99.5% was at 32,250 yuan / ton, 99.8% was at 33,750 yuan / ton, down 750 yuan / ton compared with last week.

Chinese market: The price of antimony ingot market declined this week. Due to the impact of international events, domestic and international market demand has not recovered recently. Guangxi took the lead in lowering prices. The prices in major domestic markets have weakened, and the antimony industry chain has been in a light market However, the actual transaction has not improved significantly, and most of the downstream purchases are on demand. As of Friday, the price of 2 # low bismuth antimony ingot is 34,500 yuan / ton, 1 # antimony ingot is 35,000 yuan / ton, and 0 # antimony ingot is 36,000 yuan / ton, which is 500 yuan / ton lower than last week. The average price of 2 # high bismuth antimony ingot is 33,000 yuan / ton, which is stable compared with last week.

3. Outlook

Foreign public events continue to heat up. Without significant improvement on the demand side, domestic antimony product prices are unlikely to pick up. With the market prices weakening, the market outlook may continue to decrease.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.