I. price trend
This week (10.7-10.12) domestic 1 antimony ingot prices fell, the domestic market average price at the beginning of the week at 39750 yuan/ton, weekend average price at 40750 yuan/ton, up 2.52%.
On October 11, the Sb Commodity Index was 56.73, up 0.7 points from yesterday, down 44.56% from its peak of 102.32 points in the cycle (2012-10-16), and up 20.75% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).
|Sulfamic acid 99.80%|
II. Market Analysis
Upstream and downstream: on Wednesday, antimony oxide followed the trend of antimony ingot to stop falling and stabilize. This week, the price rose and trading was limited. As of Friday, the average price of antimony trioxide was 99.5% at 3450 yuan/ton and 99.8% at 3600 yuan/ton.
Domestic market: In the first trading week after the festival, the antimony ingot Market is quite confident. Most manufacturers’quotations have been raised, boosted by the 60-day overhaul plan of major domestic factories. The overall price of antimony ingot has risen by about 1000 yuan/ton this week, and the market turnover is still acceptable. By the end of the weekend, 2_low bismuth antimony ingots were 39500 yuan/ton, 1_antimony ingots were 40000 yuan/ton, 0_antimony ingots were 41000 yuan/ton, and 2_high bismuth antimony ingots averaged 38000 yuan/ton.
Non-ferrous industry: The market has just come back from the National Day holiday with weak performance of important economic data in Europe and the United States. The Federal Reserve is expected to further cut interest rates. The US index is hovering near the 99-point high. Domestic metal pressures are in the first place. However, with the opening of a new round of high-level trade negotiations between China and the United States, market confidence has been boosted, and domestic metal performance has recovered some of the decline.
3. Prospects for the Future Market
In the next week’s domestic and foreign economic data sets, market expectations are weak. Under the downward pressure of the global economy, the US dollar index may be under pressure. The development trend of Sino-US trade negotiations will also lay the performance atmosphere of the market. Next week, China will face delivery. Metal products will be more led by their basic trends. It is expected that the market will continue to hold firm next week and antimony prices will continue to climb. Ability is still high.