From March 10 to March 17, 2023, the market price of antimony ingots in East China fell, with the price at 87250 yuan/ton last weekend and 85500 yuan/ton this weekend, down 2%.
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price changes in the form of a histogram. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates: rising; Green indicates a decline; The height of the K column indicates the range of fluctuation. From the above figure, it can be seen that the recent upward trend of the antimony ingot market around the Spring Festival has entered a stable period since mid March, and entered a downward channel in mid April. At the end of April, the decline slowed down, and the trend stabilized in May. In June, the price entered an upward channel. After a brief stable period in July, it fell again. After August, the market stabilized step by step, and remained flat for eight consecutive weeks. At the end of October, the price began to decline continuously. After December, the price continued to recover, with a price correction of 2% this week.
This week, the price of European strategic small metal antimony was slightly lowered, reaching 12300 US dollars per ton on March 17. During the week, it was continuously lowered by 300 US dollars per ton, affecting market sentiment. Currently, the overall market atmosphere is on the sidelines.
Since the Spring Festival, the antimony ingot market has continued to rise. After reaching a high level, the antimony ingot price has stabilized for about half a month. The overall market atmosphere is also relatively wait-and-see, and the downstream continues to have insufficient capacity to receive goods. Therefore, this week’s price correction is also a relatively normal market reaction. “Since last week, the price of small metal antimony in Europe has weakened in a narrow range, and until this week, there has been a continuous correction. This has also had a significant impact on the overall market mentality, and the overall bearish sentiment in the future is relatively strong.”. However, the convenience of supply and demand has not changed much at present, and the supply is still slightly tight and the demand is weak. In the future, the price of antimony ingots has been affected by market sentiment recently, and the overall operation is mainly weak. Due to the lack of demand support, it is expected that there is still some room for correction in the future.
This week, the antimony oxide market continued to decline, with the overall smooth commencement of construction. The demand for antimony ingots remained just in demand, while the intention to receive goods from upstream was weak.
The nonferrous index stood at 1117 points on March 18, unchanged from yesterday, down 27.37% from its cycle high of 1538 points (2021-10-18), and up 84.02% from its lowest point of 607 on November 24, 2015. (Note: The cycle refers to 2011-12-01 to now).
| Thiourea |