Monthly Archives: September 2019

Antimony ingot Market stopped falling and stabilized this week (9.02-9.06)

Price Trend

 

 

This week (9.02-9.06) domestic 1 # antimony ingot prices fell, the domestic market at the beginning of the week average price at 37500 yuan / ton, weekend average price at 37750 yuan / ton, up 0.67%.

 

On September 6, the Sb Commodity Index was 52.55, up 0.35 points from yesterday, down 48.64% from its peak of 102.32 points in the cycle (2012-10-16), and up 11.86% from its lowest of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).

II. Market Analysis

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Upstream and downstream: This Wednesday, antimony oxide followed the trend of antimony ingots to stop falling and stabilize. This week, prices are stable and transactions are limited. As of Friday, the average price of antimony trioxide was 99.5% at 3250 yuan/ton and 99.8% at 33750 yuan/ton.

Domestic market: Antimony ingot prices stopped falling and stabilized this week, up about 250 yuan/ton from last week, mainly boosted by the success of Minmetals bidding and the gradual end of the off-season, but the market as a whole is mainly de-inventory, although prices have slightly boosted, but it still depends on whether the downstream follow-up, if the lack of downstream support, prices later. It’s still hard to be strong. As of Friday, the average price of 2 # low bismuth antimony ingots was 36,000 yuan/ton, 1 # antimony ingots 36500 yuan/ton, 0 # antimony ingots 37500 yuan/ton, and 2 # high bismuth antimony ingots was 35,000 yuan/ton.

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Non-ferrous Industries: This week, the Premier of the State Council chaired a national regular meeting, demanding timely use of policy tools such as general and directional reduction to increase support for the real economy; China and the United States agreed to hold the thirteenth round of high-level Sino-US economic and trade consultation in Washington in early October, and the resumption of Sino-US negotiations had a pessimistic macro-sentiment towards the earlier stage. The final value of PMI in U.S. manufacturing industry returned to the 50-integer level in August and was better than expected, but it was still the lowest level since September 2009. In August, ADP employment and ISM non-manufacturing PMI in the United States were higher than expected, and the overall data was warmer. In August, the manufacturing PMI of the euro zone and France were higher than expected, while the Italian manufacturing PMI was below the 50-year-old level for 11 consecutive months. Overall, this week’s macro news is optimistic, the overall mood has warmed up, the dollar index has fallen high, and the basic metals have rebounded sharply.

3. Prospects for the Future Market

Next week, the market may usher in more long-term confidence in entering the market, and next week, due to the Mid-Autumn Festival holiday, there are only four trading days, basic metals will be easy to rise and difficult to fall, showing a common strong feature.

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The traditional off-season in August 2019 affected a 3.60% decline in the antimony market.

Price Trend

In August 2019, the domestic 1_antimony ingot Market shocked down. The average price of the domestic market was 38900 yuan/ton at the beginning of the month and 37500 yuan/ton at the end of the week, down by 3.60%.

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On August 31, the Sb Commodity Index was 52.20, unchanged from yesterday, down 48.98% from its peak of 102.32 points in the cycle (2012-10-16), and up 11.11% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).

II. Market Analysis

Upstream and downstream: Antimony industry chain as a whole follows the trend of antimony ingots, antimony ore and antimony trioxide Market weakened this month, antimony trioxide: affected by weak downstream demand, antimony trioxide market prices weakened as a whole until the end of the month 99.5% of domestic antimony trioxide quotation range in 31500-33000 yuan/ton, the average price of 32250 yuan/ton; 99.8% of countries; The quotation range for antimony trioxide production is 33,000-34,500 yuan/ton, with an average price of 33,750 yuan/ton.

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Domestic market: Antimony ingot Market overall shocks lower this month, manufacturers still have a higher tender sentiment, but less transactions, downstream demand is flat, wait-and-see. Pan-Asian open judicial auction of 18660763 kg antimony in mid-January has had a certain impact on the antimony ingot market. Panic mood has improved slightly this week, but the downstream wait-and-see attitude is obvious and the market is cold. At the end of the month, the quotation range of 2_low density antimony ingot is 35500-36500 yuan/ton, with an average price of 36 000 yuan/ton; and 2 high density antimony ingot is 3450-35500 yuan/ton with an average price of 35 000 yuan/ton. The quotation range of 1_antimony ingot is 36,500 yuan/ton,

3. Prospects for the Future Market

Entering September, the market is full of expectations for gold, silver and silver. The US dollar continues to rise, and we should be vigilant about the decline of the high level. The rebound of crude oil also brings confidence in commodities. The surge of nickel is the source of confidence for the bulls in the market. The basic metals may continue to keep a steady and rising rhythm next week, but the antimony industry is still in the middle and lower reaches of the traditional off-season in August. The terminal demand is limited, and it is expected that the whole antimony industry will remain weak for some time to come.

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Asphalt market prices fell in August

Price Trend

 

According to the price monitoring of business associations, the price of asphalt market fell in August. At the end of the month, the price of asphalt was 3,546 yuan/ton, which was 1.39% lower than that of 3,591 yuan/ton at the beginning of the month.

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II. Analysis of Influencing Factors

Products: The market demand of asphalt in August has not been significantly boosted. In addition, the price of asphalt in August has dropped steadily due to the fluctuation of international oil prices.

Industry Chain: In August, Sino-US trade relations fluctuated and global risky assets plunged. Despite the firm attitude of OPEC and other countries to reduce production and the boost of U.S. crude oil production and inventories, international oil prices showed a general trend of fluctuation and decline. The monthly decline of WTI international crude oil futures price was 4.78%.

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Asphalt market: The demand of asphalt terminal improved in August, and the overall performance of the market was stable. The winter storage resources in Northeast China began to be centralized and released, resulting in a continuous decline in market prices, an increase in the construction of municipal terminal projects in Shandong and North China, and an improvement in the shipment of refineries. Refinery shipments in East China are still relatively smooth and inventory continues to be low. There is more rainfall in South China, and terminal construction is still limited. The construction of terminal projects in Southwest China has increased, and the demand for asphalt is relatively good. It has been reported that China will stop importing Marui crude oil, but it has not been confirmed. In August, the typhoon affected some construction projects, and international crude oil prices fell as a whole. Overall, in the traditional peak demand season, terminal demand performance in most areas is still poor, and domestic asphalt market prices have declined steadily.

3. Future Market Forecast

Lu Xingjun, an asphalt analyst at the business association, believes that the international crude oil market will be stable in September, but as the National Day approaches, the northern terminal project may face the risk of shutdown, and the price of asphalt is expected to remain stable in September.

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