Downstream drag down the price of antimony ingots (October 27 to November 3)

From October 27, 2022 to November 3, 2022, the market price of antimony ingots in East China will be lowered. Last weekend, the price was 78750 yuan/ton, and this weekend, the price was 77750 yuan/ton, down 1.27%.

 

Thiourea

The K-bar chart of commodity prices reflects the weekly or monthly price changes in the form of a bar chart based on the concept of price trend K-line. Investors can buy, sell and invest according to the changes in the K-bar chart. Red means rising; Green means: down; The height of the K column indicates the range of rise and fall. It can be seen from the above figure that the antimony ingot market has been on the up trend in the near future around the Spring Festival. It entered a stable period after the middle of March, and entered a downward channel in the middle of April. The decline slowed down at the end of April. The trend was stable in May. The price entered an upward channel in June. After a short period of stability in July, it fell again. After August, the market was gradually stable, flat for seven consecutive weeks, and declined at the end of October.

 

The price of strategic small metal antimony in Europe this week (unit: USD/t)

 

Variety, October 27, November 3, up and down

European small metal antimony., 11900., 11700., – 200

This week, the price of strategic small metal antimony in Europe remained stable for the time being. As of November 3, the price was $11700/ton, with a weekly drop of $200/ton. Recently, the market transaction was relatively cold and limited.

 

The price of antimony ingots continued its downward trend at the end of October this week, and finally broke the weak balance at the end of October after the price of antimony ingots remained stable for seven weeks. This round of decline is still driven by demand. In the near future, the downstream antimony oxide has a poor performance. The main application of antimony in the downstream is the flame retardant industry, accounting for about 60%. The overall demand of the flame retardant market in the near future is poor, which adversely affects the sales of antimony oxide. The poor sales of antimony dioxide will further affect the production of antimony ingots. In terms of supply and demand, the overall change in the near future is not big. Under the pattern of weak supply and demand, downstream enterprises still maintain on-demand procurement. In terms of supply, the output in October has not changed much since the domestic large factories resumed production in September. As the external antimony ingot price continues to decline slightly, market participants generally believe that the possibility of antimony ingot price declining is growing. The business community expects that the overall performance of the antimony ingot market will remain stable and weak under the condition that the downstream demand will not improve in the near future.

 

Price trend of antimony oxide this week (unit: yuan/ton)

 

Variety, October 27, November 3, up and down

99.5% antimony trioxide, 67000., 65500., – 1500

99.8% antimony trioxide, 69000., 67500., – 1500

The domestic antimony oxide market price was weak this week, the sales of antimony oxide remained weak, and the downstream market was short of gas. The purchase of antimony ingots by antimony oxide enterprises is still on demand in the near future, and the overall market atmosphere is wait-and-see.

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