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Antimony Market Weekly Review|#0118-0122#

Release date:2021/1/24 14:05:01

Antimony prices continue to rise overall, antimony ingots are seriously out of stock


The market price of antimony products continued to show a sharp increase this week. The current serious shortage of antimony ore raw materials due to transportation problems has caused almost all domestic antimony ingot manufacturers to stop production or significantly reduce production, and the antimony oxide manufacturers that followed As antimony ingot inventory is becoming tight, antimony oxide shipments have also begun to be cautious. In addition, many manufacturers have reported that antimony oxide sales in the first half of January have rebounded significantly, and some manufacturers have even begun to reluctantly sell antimony oxide. Coupled with capital intervention and speculation, the overall price increase of antimony products is difficult to curb. At present, the lower reaches of the north are afraid that the epidemic will affect future logistics and transportation. In order to ensure production orders after the Spring Festival, they are still continuing to purchase antimony ingots and antimony oxide. However, as logistics in many provinces and cities gradually stop next week, stocking will become more difficult. . According to the grapevine, many ships carrying antimony ore are still at the port. It is tentatively scheduled to be allowed to go through customs clearance on March 20. There is a reaction from market participants that there is only one domestic ship, and the quantity is very small. Other ships may not arrive at the port yet, no matter how the domestic raw material shortage is expected to continue. At present, the market is full of bullish sentiment and market inquiry activity is high. Market rumors have even seen suppliers reject deposits or even destroy oral orders. It can be seen that the current high market activity may lead to new highs in antimony product prices in the future.


In terms of antimony ingots, the average price of SMM antimony as of the weekend: 2# low bismuth antimony ingot 47,500 yuan/ton, 1# antimony ingot 49,000 yuan/ton, 0# antimony ingot 50,000 yuan/ton, 2# high bismuth antimony ingot average price 42,500 yuan/ton Tons, compared with last week, prices have risen to varying degrees. As for the market price of antimony oxide this Wednesday, as of the end of the week, the average price of SMM antimony trioxide was 99.5% at 44,500 yuan/ton, and 99.8% at 45,500 yuan/ton, an increase of 4,000 yuan/ton compared to last week. It is expected that the price of antimony products will continue to rise in the near future.

Market forecast for next week: 90% probability of rising, probability of steady 10%, probability of falling 0%



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