SunSirs: Chinese Antimony Commodity Index 59.16 points

On November 11, the BPI of the commodity price index was 825 points, an increase of 4 points from November 10, a decrease of 19.04% from the highest point in the cycle of 1,019 points (2012-04-10), and an increase of 25.00% from the lowest point on February 03. (Note: The period refers to 2011-12-01 till now).

On November 11, the antimony commodity index was 59.16, which was the same as on November 10. 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 of 46.98 points on December 24, 2015. %. (Note: Period refers to 2012-09-08 to present).

In late New York trading, the US dollar index rose 0.31% to 93.0081, the euro fell 0.33% to 1.1777 against the US dollar, and the offshore yuan fell 0.3% to the US dollar. Weaker than previous expectations, once again lowered the demand for crude oil this year and next. The monthly report shows that the demand for OPEC crude oil in the fourth quarter of 2020 is lowered by 960,000 barrels/day; the global crude oil demand growth rate in 2020 is expected to be -9.75 million barrels/day, and the previous value is -947 million barrels/day; OECD Organizational data shows that the new crown epidemic continues to have an impact on the global economy. China was the first (and only) economy to rebound from the epidemic's losses, with GDP growing by 4.9% year-on-year in the third quarter. Most European economies suffered huge losses in their GDP in the third quarter, with Spain, Portugal, the Czech Republic and Austria suffering the most. Although the United States rebounded quarter-on-quarter, GDP growth in the third quarter was still nearly 3% lower than the same period last year. Crude oil prices: As of 3 a.m. Beijing time on November 12, spot Brent closed at US$43.195/barrel, up 1.48 US dollars or 3.55% from the previous trading day. WTI closed at $41.74/barrel, up $0.07 or 0.17% from the previous trading day. The LME external metal market was mixed. Among them, LME nickel rose 0.6%, LME aluminum rose 0.31%, LME lead rose 0.08%, LME tin fell 0.36%, LME zinc fell 0.94%, LME copper fell 1.09%, and domestic night metal In the futures market, Shanghai Aluminum rose 1.1%, Shanghai Nickel rose 0.34%, Shanghai Copper rose 0.12%, Shanghai Tin fell 0.03%, Shanghai Lead fell 0.55%, and Shanghai Zinc fell 1.43%.

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.

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