From May 1st to May 10th, 2024, the antimony ingot market in East China rose, with prices this week at 103500 yuan/ton, a weekly increase of 4.02%.

K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell 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 chart, it can be seen that the antimony ingot market has been on the rise recently.

This week’s European strategic small metal antimony price situation (unit: USD/ton)

Variety/ April 29th/ May 11th/ Rise and fall

European small metal antimony/ 14450./15550./+1100

Overseas markets: Since mid April, the price of European strategic small metal antimony has continued to rise. As of May 11th, the quotation was at $15550/ton, and after the holiday, it rose by $1100/ton. The external market price continues to rise, driving up the domestic market atmosphere. Currently, the spot market has a strong bullish atmosphere.

This week, the antimony ingot market has seen a broad increase, while the European antimony ingot market has continued to rise, driving an improvement in the domestic market atmosphere. Smelters have strengthened their reluctance to sell, leading to a continuous increase in factory prices. Downstream customers have actively entered the market for inquiries. Currently, it is difficult to find low-priced goods, and the tight supply has boosted the strong price support mentality of smelting enterprises. Downstream enterprises actively entered the market for inquiries, driven by improved demand, the price of antimony ingots continued to rise this week. In the future, the supply and demand of antimony ingots in China are currently tight, and downstream demand is expected to be strong. Supported by multiple positive factors, it is expected that the domestic antimony ingot market will continue to operate strongly in the short term.

Antimony oxide: This week, the antimony oxide market continued to follow the rise of antimony ingots, with an increase range of 3000-4000 yuan/ton during the cycle. At present, it is difficult to find low-priced raw materials in the market, and downstream enterprises are actively entering the market to inquire about goods and replenish inventory. Due to the market’s reluctance to sell, it is currently difficult to find low-priced sources of goods. Under the dominant influence of the trade in policy, the expected amount of antimony used in flame retardants is improving. At present, it is difficult to find low-priced goods in the market, and the industrial chain market is operating with a strong bias.

Industry data:

On May 10th, the base metal index was 1315 points, an increase of 6 points from yesterday, a decrease of 18.63% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 104.83% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On May 10th, the non-ferrous index was 1212 points, an increase of 8 points from yesterday, a decrease of 21.20% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 99.67% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present)..

According to price monitoring, in the 19th week of 2024 (5.6-5.10), there were a total of 15 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top three commodities with the highest increase were silver (4.61%), antimony (3.50%), and aluminum oxide (3.33%). There are three products that have experienced a month on month decline, with the top three products experiencing a decline being titanium concentrate (-1.30%), copper (-1.17%), and nickel (-0.43%). The average increase and decrease this week is 0.94%.