In April 2023, the domestic 1 # antimony ingot market slightly increased at the end of the month, with the average market price in the East China region reaching 81875 yuan/ton on the 1st and 82125 yuan/ton on the 26th, an increase of 0.31%.
| PVA |
On April 24th, the antimony commodity index was 113.98, unchanged from yesterday, a decrease of 6.16% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 142.61% from the lowest point of 46.98 points on December 24th, 2015. (Note: The cycle refers to 2012-09-08 present).
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above chart, it can be seen that the antimony ingot market has recently shown an upward trend before and after the Spring Festival. It entered a stable period after mid March, entered a downward channel in mid April, and the decline slowed down at the end of April. The trend remained stable in May, and prices entered an upward channel in June. After a brief period of stability in July, the market continued to decline again. After August, the market gradually stabilized and remained stable for 8 consecutive weeks. At the end of October, prices began to decline continuously. After December, prices continued to recover, and in mid to late March, they remained stable after three consecutive weeks of decline.
In terms of external trading, the European strategic small metal antimony market continued to slightly lower in April, with a quotation of $12050/ton as of the 26th, and a cumulative monthly decrease of $100/ton.
In terms of the industrial chain, this week’s antimony oxide market followed the overall trend of antimony ingots and remained stable, with slightly light market trading and overall weak downstream demand.
In April, most of the domestic antimony ingot market remained temporarily stable, with prices rising narrowly towards the end of the month. As of now, the antimony ingot market has remained temporarily stable for three consecutive weeks, with a monthly increase of only around 0.31%. From the perspective of supply and demand, the market changes this month have been limited, and the overall situation of tight supply and weak demand remains. After entering March, the operating rate of antimony smelting enterprises has slightly increased. Currently, enterprises are generally actively shipping, and the overall supply is still slightly tight. In terms of demand, downstream industries such as flame retardancy and photovoltaics, except for antimony oxide, still perform weakly, while exports also perform poorly. Under the drag of downstream demand, although supply is slightly tight, the market is still difficult to improve. In the future market, there is currently a strong wait-and-see mentality, and actual transactions are slightly light. Due to a lack of demand support, it is expected that the overall stability and weak operation in the future market will be the main focus.
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