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%.
| Polyglutamic acid food grade |
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.
| Polyglutamic acid fertiliser grade |
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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