According to the Commodity Market Analysis System of Shengyi Society, the domestic 1 # antimony ingot market has experienced slight fluctuations and a downward trend this cycle. The average price was 173750 yuan/ton on December 1st and 172250 yuan/ton on December 8th, a decrease of 0.86%. At present, the antimony market is in a stalemate. The mainstream price of 1 # antimony ingots in China remains at 169000 to 172000 yuan/ton, and the price of 99.8% antimony oxide is about 150000 to 152000 yuan/ton. Both domestic and international markets have been experiencing a recent pullback, with weak downstream demand and a weak trading atmosphere, resulting in a slow downward trend in prices. In the near future, antimony prices are expected to remain stable and slightly weak, but the downward space is relatively limited. It is necessary to closely monitor the subsequent changes in demand and cost support.
Demand side:
Flame retardant materials account for about 55% of the traditional downstream demand for antimony, while glass accounts for about 15%. Antimony is an essential element in photovoltaic glass production and cannot be replaced. With the continuous development of China’s photovoltaic industry, the main increment of antimony metal in the future will be in the photovoltaic field.
Antimony oxide: Recently, the market price of antimony oxide has been relatively stable, with average performance on the export side. The overall market sentiment is weak, and the market demand is more rigid. The procurement volume is low, and the market trading is relatively quiet.
Photovoltaic: Photovoltaic glass enterprises have maintained stable production capacity in recent times without significant changes, but the demand side has shown weak performance. The order volume of downstream component enterprises continues to shrink, leading to a continuous increase in industry inventory levels, overall high inventory pressure, negative market sentiment, and overall weak trend, further weakening the demand for raw materials.
Outlook for the future: In the short term, the overall fundamental performance is stable with a slight weakness, and antimony prices may be slightly adjusted to remain stable. As the market enters December and approaches the New Year holiday, some downstream companies may release a portion of their year-end replenishment demand. Overall, the current spot prices are relatively stable, and the market continues to be optimistic about export expectations and year-end stocking. The performance of both buyers and sellers is deadlocked, and it is expected that the trend will be stable in the short term with a slight weakness. The focus will be on pre holiday stocking in the future.
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