SunSirs: China's Antimony Ingot Prices Remain Stable in November 2020

In November 2020, the domestic market price of 1# antimony ingot was temporarily stable, and the average domestic market price was 42,500 yuan/ton, which was unchanged from the previous month.

On November 25, the antimony commodity index was 59.16, the same as on November 24, a decrease of 42.18% from the cycle high of 102.32 points (2012-10-16), and an increase of 25.93 from the lowest point of 46.98 points on December 24, 2015. %. (Note: Period refers to 2012-09-08 to present).

The domestic antimony ingot market price remained stable this month. Prices in overseas markets are still high. In addition, there are still fewer imported mines in the previous period. The supply of domestic raw materials is tight, and the prices of mines are relatively high. This also increases the cost of antimony products. Mainly, the winter environmental protection production limit is further tightened, and output is affected to a certain extent. As of the 26th, the domestic market 2# low bismuth antimony ingot 41750 yuan/ton, 1# antimony ingot 42250 yuan/ton, 0# antimony ingot 43000 yuan/ton, 2# high bismuth antimony ingot average price 40750 yuan/ton, compared with last month The price is temporarily stable. The market price of antimony trioxide followed the trend of antimony ingots. The price of antimony trioxide remained stable this month. As of the end of the month, the average price of antimony trioxide was 99.5% at 38,500 yuan/ton, and 99.8% at 39,500 yuan/ton, which was the same as last month's price.

On the macro side, the Regional Comprehensive Economic Partnership Agreement (RCEP) was signed this month to superimpose the domestic economy to maintain higher-than-expected growth. Domestic macro data is improving, manufacturing investment is rising steadily, and consumption is recovering better than expected. International news about the success of vaccines overseas has offset the impact of the current deterioration of the overseas epidemic, and the medium-term good expectations have been strengthened. In terms of policy, the expectation of a large-scale international stimulus policy is still in place, the market's sentiment to do more is soaring, and the non-ferrous sector is generally improving.

SunSirs believes that this month's antimony market price mainly digests the previous increase, and the market trading atmosphere is general, and most of them purchase on demand during the high price period.

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