According to the commodity market analysis system of Business Society, the domestic 1 # antimony ingot market remained stable in February 2024, with an average market price of 91500 yuan/ton in East China, which remained stable.
On February 27th, the antimony commodity index was 127.38, unchanged from yesterday and reaching a new historical high within the cycle, up 171.14% from the lowest point of 46.98 on December 24, 2015. (Note: The cycle refers to 2012-09-08 present).
K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell 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 seen an upward trend before and after the Spring Festival, with a wide decline in prices in March, a stable trend in April and May, a seven week continuous decline in prices after June, an eight week continuous increase at the end of July, and a narrow decline in October and November. The recent trend is relatively stable.
In terms of external trading, the European strategic small metal antimony market rose in February, with a quote of $12950/ton as of the 28th, an increase of $200/ton compared to the same period last month.
In terms of the industrial chain, the antimony oxide market remained stable in February, with a slight recovery in overseas markets recently, driving an improvement in the domestic market mentality. However, February coincided with the Spring Festival holiday, and most smelters and downstream enterprises were in holiday mode. The overall market trading was relatively quiet, and the downstream antimony oxide market maintained on-demand replenishment, providing strong support for the antimony ingot market.
The antimony ingot market remained stable in February and has continued to rise since the fourth quarter of 2023, boosted by tight supply. After entering February, due to the impact of the Spring Festival holiday, market trading was relatively quiet, spot market procurement was limited, smelters and downstream enterprises also entered the holiday, and the market remained at a high level. After the European antimony ingot market rose. There is a certain boost to the domestic market mentality, but the holiday atmosphere in the market is strong, and the spot market has not followed the trend yet. The overall high level and stable operation in February are the main reasons. As downstream construction gradually begins and enterprises gradually resume production, downstream enterprises will have plans to replenish inventory as needed. However, the current market prices are running at a high level, so downstream wait-and-see sentiment is still strong, and the current market supply-demand game mentality is strong. Overall, there is a lack of actual transactions in the antimony ingot market after the holiday, and it is expected to maintain a temporary stable operation in the short term under the supply-demand game mentality. In the future, the focus will be on the replenishment needs of downstream enterprises.
On February 27th, the non-ferrous index was 1088 points, an increase of 1 point from yesterday, a decrease of 29.26% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.24% from the lowest point of 607 points on November 24, 2015. (Note: The cycle refers to 2011-12-01 present).
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