From April 1st to April 8th, 2024, the antimony ingot market in East China slightly increased, with prices this week at 91250 yuan/ton, up 0.27%.

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 not fluctuated much recently.

This week, the price of European strategic small metal antimony has remained stable, with a price of $12850/ton as of April 8th, unchanged. Currently, the market is on a wait-and-see basis.

Since the Spring Festival, the antimony ingot market has remained temporarily stable and stable, with a slight decline in the market after January. Recently, the market has returned to stability, and prices have slightly rebounded near the Qingming Festival. The overall market trend in the first quarter remained narrow and fluctuating. From the perspective of supply, smelting enterprises are currently maintaining normal production, and the supply of antimony ingots is relatively stable. However, the mining end still maintains a tight pattern, which has affected the strong mentality of smelters to raise prices and the tight market supply. In terms of demand, downstream industries such as antimony oxide have shown a relatively stable trend in recent times. Enterprises are replenishing their inventory as needed to maintain essential procurement. During this cycle, some downstream enterprises have replenished their inventory due to the impact of the Qingming Festival, which has led to a slight recovery in the market. As the 51 hour holiday approaches, there will be replenishing demand downstream, which will slightly increase market sentiment. In the future, Business Society believes that the demand for downstream holiday restocking will drive a brief rise in the market, and the market will maintain a stable, medium to strong trend in the near future. In the future, the focus will be on the consumption situation of the photovoltaic industry and the impact of environmental policies on the market.

This week, the antimony oxide market remained temporarily stable, while the spot market was weak. Downstream demand replenishment was maintained, and market prices were affected by the stability of the antimony ingot market, with most remaining temporarily stable.

Industry data:

On April 7th, the base metal index was 1208 points, unchanged from yesterday, a decrease of 25.25% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 88.16% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On April 7th, the non-ferrous index was 1133 points, an increase of 1 point from yesterday, a decrease of 26.33% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 86.66% 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 14th week of 2024 (4.1-4.5), there were a total of 17 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. Among them, there were 3 commodities with an increase of more than 5%, accounting for 12% of the monitored commodities in this sector; The top three commodities with the highest increase are praseodymium neodymium alloy (5.71%), metallic praseodymium (5.70%), and praseodymium oxide (5.59%). There are four products that have experienced a month on month decline, with the top three products experiencing a decline being silicon metal (-0.93%), lead (-0.64%), and cobalt (-0.22%). The average increase and decrease this week was 1.71%.