SunSirs: Chinese Antimony Market Trend is Stable in April

1. Price Trend

In April 2020, the domestic 1 # antimony ingot market fell at the end of the month. The average domestic market price was 38,125 yuan / ton at the beginning of the month, and 37,125 yuan / ton at the end of the month, down 2.62%.

The antimony commodity index on April 30 was 51.68, which was the same as 29th, a 49.49% decrease from the highest point in the cycle of 102.32 points (2012-October-16), and an increase of 10.00% from the lowest point of 46.98 points on December 24, 2015. (Note: Cycle refers to 2012-September-08 to date).

2. Market analysis

Upstream and downstream: The price of antimony trioxide followed the price of antimony ingot. As of the 30th, 99.5% was 33,500 yuan / ton, 99.8% was 35,000 yuan / ton.

Domestic market: The antimony ingot market remained basically stable. The price was lowered only once in the middle of April. Affected by COVID-19, domestic and foreign market demand remained weak throughout April. Domestic buyers and sellers were still watching. In terms of price, as of the 30th, the average price of 2 # low bismuth antimony ingot is 35,500 yuan / ton, 1 # antimony ingot is 36,000 yuan / ton, 0 # antimony ingot is 37,000 yuan / ton, and the average price of 2 # high bismuth antimony ingot is 33,000 yuan / ton.

Industry: According to SunSirs price monitoring, there are 7 kinds of commodities in the non-ferrous sector in the commodity price rise and fall list in April, including 7 kinds of commodities with an increase of more than 5%, accounting for 31.8% of the monitored products in this sector; The top three commodities for the increase were aluminum (11.16%), copper (8.73%), and nickel (8.40%). There were 14 kinds of commodities that fell sequentially, and 1 kind of commodities with a decline of more than 5%, accounting for 4.5% of the number of commodities monitored in this sector; the top 3 products with a decline were metal silicon (-5.10%) and magnesium (-4.61%) , cobalt (-4.37%). The average increase or decrease this month was 0.93%.

3. Outlook

The overseas COVID-19 situation is still serious, and there are no signs of improvement in exports within a short period of time. It is expected that the wait-and-see status will prevail in the short term.

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