From August 25 to September 1, 2023, the antimony ingot market in East China slightly increased. The price was 79750 yuan/ton at the beginning of last week, and 80250 yuan/ton at the beginning of this week, an increase of 0.63%.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above figure, it can be seen that the trend of the antimony ingot market was relatively stable in April, and the overall market was weak in June. After 7 consecutive weeks of decline, it continued to rise for 5 consecutive weeks at the end of July.

The price of European strategic small metal antimony has slightly increased this week, reaching $11850/ton as of September 1st. This week, the price has slightly increased by $200/ton, indicating a wait-and-see market atmosphere.

This week, the antimony ingot market continued its upward trend, but the price continued to rise. However, the increase slowed down, with only an increase of 500 yuan/ton during the week. The changes in supply and demand were limited, and the performance remained weak in both supply and demand. Downstream demand remained weak, and the principle of on-demand procurement was maintained for antimony ingots, while there was still a shortage of demand. With the joint increase in prices by antimony ingot manufacturers, the antimony ingot market has been rising for 5 consecutive weeks, with a cumulative increase of about 4000 yuan/ton. With the completion of downstream procurement, the mentality of the antimony ingot market has slightly recovered. The overseas market continued to rebound this week, with a range of $200 per ton. However, the market’s expectations for overseas demand are generally weak, and it is necessary to focus on August’s import and export data. Overall, the supply and demand in the antimony ingot market are weak, with refinery prices rising and antimony ingot prices rebounding. However, downstream demand is weak, and there is limited room for further upward growth in the future. It is expected to maintain a high consolidation operation in the short term.

 
This week, the antimony oxide market remained temporarily stable, with limited growth in the antimony ingot market. The wait-and-see sentiment in the antimony oxide market was heavy, and overseas market expectations were weak. The overall market was weak this week. At present, the demand for antimony ingots in the antimony oxide market remains strong, and there is a weak intention to receive upstream goods, maintaining on-demand procurement.

The non-ferrous index stood at 1123 points on August 31, an increase of 3 points from yesterday, a decrease of 26.98% from the highest point of 1538 points (2021-10-18) in the cycle, and an increase of 85.01% from the lowest point of 607 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).