This week (6.10-6.14) the domestic price of 1_antimony ingot rose by 1.54% with the average price of
On June 14, the Sb Commodity Index was 55.16, unchanged from yesterday, down 46.09% from its peak of 102.32 points in the cycle (2012-10-16), and up 17.41% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).
|Polyglutamic acid fertiliser grade|
II. Market Analysis
Upstream and downstream: As of Friday, the average price of antimony trioxide was 99.5% at 36,000 yuan/ton and 99.8% at 37,500 yuan/ton. The price of antimony trioxide remains stable under the drive of antimony ingots, with limited transactions and mainly downstream wait-and-see.
Domestic market: This week, the major domestic antimony ingot manufacturers have increased the price of antimony ingots, the price of antimony ingots rose steadily by 1.54%, as of Friday, 2_high bismuth antimony ingots 37750 yuan/ton, 2_low bismuth antimony ingots 38750 yuan/ton, 1_antimony ingots 39250 yuan/ton, 0_antimony ingots 40250 yuan/ton. Transaction activity decreased, inquiries were less, wait-and-see was the main.
|Polyglutamic acid food grade|
Non-ferrous industry: On Friday, non-agricultural data exceeded expectations, superimposed inflation was mild, Fed interest rate cut was expected to rise, US dollar was low at 96.451, and domestic top-level announced infrastructure financing incentive program. Although external uncertainties increased, confidence in expanding domestic demand remained unchanged, market sentiment was boosted, and basic metals generally recovered from the low level, but Sino-US economic and trade. Relations are still tense. The G20 summit held at the end of June was the key point. The market waited cautiously. Most of the domestic metals rebounded, blocked and fell back.
3. Prospects for the Future Market
Next week, the most sensitive market is the decision of the Federal Reserve Conference on Interest Rate. The market awaits the guidance of the US dollar. When domestic metals enter the June long order delivery period after monthly exchange, the activity of spot futures may be significantly improved. However, the metal items with the risk of squeezing may temporarily subside and return to rationality. If the antimony ingot manufacturers end the bidding situation due to capital pressure, the price of antimony ingot will certainly go down. It is expected that the price of antimony ingot will remain stable in the short term under the support of the bidding price of large factories.
|Polyglutamic acid PGA|