SunSirs: China's Antimony Ingot Prices will Rise 4.94% in October 2020

In October 2020, the domestic market price of 1# antimony ingot was raised in three rounds. The average domestic market price was 40,500 yuan/ton at the beginning of the month and 42,500 yuan/ton at the end of the month, an increase of 4.94%.

On October 29, the antimony commodity index was 59.16, which was the same as yesterday. It was 42.18% lower than the highest point in the cycle of 102.32 points (2012-10-16), and 25.93% higher than the lowest point 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to present).

This month, antimony products continued to rise before the holiday. There are still fewer foreign imports of mines, domestic raw materials are tight, and the prices of mines are relatively high, and the cost of antimony products is under greater pressure. Domestic manufacturers are mainly priced, plus the surrounding main production areas The region has recently restricted production due to environmental protection, and domestic production has been affected to a certain extent, and the supply of antimony ingots is slightly tight. Under the double positive blessing, the market price of antimony ingots rose. After four rounds of increases this month, the cumulative increase is 2,000 yuan/ton. As of the 30th, the domestic market average price 2# low bismuth antimony ingot 41,750 yuan/ton, 1# antimony ingot 42,250 yuan/ton, 0# antimony ingot 43,000 yuan/ton, The average price of #高bismuth antimony ingot is 40,500 yuan/ton, up 2,000 yuan/ton from the previous month. The market price of antimony trioxide closely follows the rising trend of antimony ingots. As of the 30th, the average market price of antimony trioxide is 99.5% at 38,000 yuan/ton, and 99.8% is around 39,500 yuan/ton, an increase of 2,000 yuan/ton from the same period last month. 

According to SunSirs price monitoring, there are 13 commodities in the non-ferrous sector that have risen month-on-month in the bulk commodity price list in October 2020, of which 3 commodities have increased by more than 5%, accounting for 13.6% of the monitored commodities in this sector; before the increase The commodities of 3 are titanium concentrate (20.32%), nickel (5.84%), and metallic silicon (5.72%). A total of 9 commodities fell month-on-month, and 1 commodity fell more than 5%, accounting for 4.5% of the number of monitored commodities in this sector; the top 3 products that fell were praseodymium (-8.89%) and lead (-4.77%) ), cobalt (-2.18%). The average increase and decrease this month was 1.19%.

SunSirs believes that under the current tight supply and demand and cost pressures, foreign price increases, antimony product manufacturers reluctance to sell, concerns about supply in the market outlook, and improvement in downstream demand, prices are expected to stabilize and strengthen in the future.

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