1. Price Trend
The antimony commodity index on April 10 was 53.07, which was the same as 9th, and was 48.13% lower than the highest point in the cycle of 102.32 points (2012-Oct.-16), and 12.96% higher than the lowest point of 46.98 points on December 24, 2015. (Note: Period refers to 2012-Sep.-08 to present).
2. Market analysis
Upstream and downstream: The price of antimony trioxide was stable last week. As of last Friday, 99.5% was 33,500 yuan / ton, and 99.8% was 35,000 yuan / ton.
Domestic market: The antimony ingot market remained stable this week. Affected by international events, the current export of antimony products has been affected and is not optimistic about the future market. The domestic market is also on the sidelines. Demand has slowed down. Several major domestic manufacturers have reduced production and guaranteed prices. Under the influence of antimony prices, the price is as of Friday 2 # low bismuth antimony ingot 35,500 yuan / ton, 1 # antimony ingot 36,000 yuan / ton, 0 # antimony ingot 37,000 yuan / ton, 2 # high bismuth antimony ingot average price 33,250 yuan / ton.
Industry: According to the price monitoring of SunSirs, in the 14th week of 2020 (Apr.6-10), a total of 7 kinds of non-ferrous sector products increased; the top three commodities were silver (5.70%), nickel (4.44%), and copper (3.05%). There were 12 kinds of commodities that fell sequentially, and the top 3 products were silicon metal (-3.06%), magnesium (-2.33%), and praseodymium oxide (-1.61%).
Last week, there were only 4 trading days at home and abroad, showing a bottoming rebound. SMMI rose 2.36%. The world continued to take various easing measures in response to the economic recession caused by COVID-19. The OPEC meeting will reach a production reduction agreement. Crude oil rebounded sharply. Leading base metals to rise one after another.
3. Outlook
At present, the price of antimony ingot is close to the cost price, and it is expected that the price can be kept stable in the short term, and it is necessary to pay attention to the improvement of domestic and foreign demand in the long run.
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