I. price trend
This week (11.4-11.8) the domestic price of 1 × antimony ingot is stable, and the domestic market price is 42000 yuan / ton.
On November 9, the antimony commodity index was 58.47, unchanged from yesterday, down 42.86% from 102.32 (2012-10-16), the highest point in the cycle, and up 24.46% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).
| Thiourea dioxide |
II. Market analysis
Upstream and downstream: on Wednesday, antimony oxide followed the trend of antimony ingot to maintain a stable trend, with limited transactions. As of Friday, the average price of antimony trioxide was 99.5% at 37000 yuan / ton and 99.8% at 39250 yuan / ton.
Domestic market: this week, antimony ingot market trend is stable, price is stable, main manufacturers still maintain stable factory price, downstream has digested inventory based, transaction is limited, wait-and-see based, strong firm price sentiment of manufacturers, less speculative demand. As of Friday, the average price of 2 × low bismuth antimony ingots was 41000 yuan / ton, 1 × antimony ingots 41500 yuan / ton, 0 × antimony ingots 42500 yuan / ton and 2 × high bismuth antimony ingots 39000 yuan / ton.
| Thiourea |
Nonferrous Industry: the easing monetary policy caused by the Federal Reserve’s interest rate cut and the Sino US trade war negotiation ushered in a better atmosphere. The gold price fell. The central bank launched a one-year MLF operation of 400 billion yuan, with the bid winning rate of 3.25%, 5 basis points lower than the previous period, the RMB broke 7, and market confidence recovered.
III. future prospects
There are still a lot of data in Europe and the United States next week. The economic weakness makes loose monetary policy in various parts of the world one after another. After five consecutive positive days this week, the U.S. dollar may have a high continuous rebound blocked. The domestic RMB is also collated near 7. The macro monetary policy is conducive to the base metals continue to show a rebound upward trend, but the more leading role is that next week is the delivery cycle of 1911 contract, More metal varieties will change according to the strength of their own fundamentals, in line with the structural change of the monthly price difference. Strong items are alert to high-level pressure. Weak metals or low-level key integers will test the support effectiveness, and the strength differences will increase.
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