From January 29 to February 5, 2024, the antimony ingot market in East China slightly increased, with prices reaching 91500 yuan/ton this week, up 0.83%.

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 continuously rising in recent times.

This week, the price of European strategic small metal antimony rose, reaching $12750/ton as of February 5th, unchanged. Currently, supply is tight and the market atmosphere is strong.

The antimony ingot market has been continuously rising since mid December, reaching 91500 yuan/ton this week, and gradually slowing down after breaking through the 90000 yuan/ton mark. From the perspective of supply and demand, due to the increasing difficulty of importing antimony ore from overseas, the domestic mining supply is still tight. As the Spring Festival approaches, the comprehensive operating rate is low, and the reluctance of smelters to sell is further strengthened. The price support mentality is strong, and with the high overseas prices, the overall price support sentiment in the domestic spot market is also strong. In terms of downstream demand, as the holiday approaches, the pre holiday stocking demand has basically ended, and the current market holiday atmosphere is relatively strong. In the future, Business Society predicts that the antimony ingot market will remain temporarily stable in the short term due to the impact of the Spring Festival holiday, and will continue until the end of January. With the increase in production by antimony ingot manufacturers, there may be room for market prices to fall.

The upward trend of the antimony oxide market has slowed down this week. With the approaching Spring Festival holiday and a stronger festive atmosphere in the market, downstream replenishment has basically ended, and the antimony oxide market is temporarily stable.

Related data:

On February 4th, the base metal index was 1160 points, unchanged from yesterday, a decrease of 28.22% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 80.69% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On February 4th, the non-ferrous index was 1092 points, unchanged from yesterday, a decrease of 29.00% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.90% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

According to the price monitoring of Business Society, in the 5th week of 2024 (1.29-2.2), there were a total of 4 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were sponge titanium (0.97%), antimony (0.83%), and gold (0.79%). There are a total of 7 products with a month on month decline, and the top 3 products with the largest decline are zinc (-3.03%), tin (-2.96%), and nickel (-1.76%). The average increase and decrease this week is -0.3%.