1、 Price trend

The antimony commodity index on April 10 was 53.07, unchanged from yesterday, 48.13% lower than the highest point in the cycle 102.32 (2012-10-16), and 12.96% higher than the lowest point 46.98 on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: the price of antimony oxide was stable on Wednesday, with 99.5% at 33500 yuan / ton and 99.8% at 35000 yuan / ton as of Friday.

Domestic market: the antimony ingot Market has remained stable this week. Influenced by international events, the export of antimony products is affected at present, and it is not optimistic about the future market. Domestic demand is mainly on the waiting list, and the demand slows down. Several major domestic manufacturers cut production and guaranteed prices. Under the double influence of demand and export, the price of antimony products is lower. As of Friday, the price of two low bismuth antimony ingots is 35500 yuan / ton, one antimony ingot is 36000 yuan / ton, and 0 antimony ingot is 37000 yuan / ton The average price of 2 × high bismuth antimony ingots is 33250 yuan / ton.

Industry: according to the price monitoring of the business association, in the 14th week of 2020 (4.6-4.10), there are 7 commodities in the price up and down list of bulk commodities in the non-ferrous sector, including 1 commodity with an increase of more than 5%, accounting for 4.5% of the number of commodities monitored in the sector; the top three commodities are silver (5.70%), nickel (4.44%) and copper (3.05%). There are 12 kinds of commodities falling on a month on month basis, and the top three products falling were silicon metal (- 3.06%), magnesium (- 2.33%) and praseodymium oxide (- 1.61%). This week’s average was 0.26%.

This week, there are only four trading days at home and abroad, showing a bottoming and rebounding trend. Smmi rose 2.36%. The world continues to take various easing measures to deal with the economic recession brought by the epidemic. OPEC meeting will reach an agreement on production reduction, and crude oil rebounded sharply, leading the rise of basic metals one after another.

3、 Future prospects

At present, the price of antimony ingot is close to the cost price. It is expected that the price will remain stable in the short term. In the long term, we need to pay attention to whether the domestic and foreign demand situation improves.