I. price trend
In October 2019, the domestic antimony ingot Market fluctuated higher, with the average price of 39750 yuan / ton at the beginning of the month and 42000 yuan / ton at the end of the month, up 5.66%.
On October 31, the antimony commodity index was 58.47, unchanged from yesterday, down 42.86% from 102.32 (2012-10-16), the highest point in the cycle, and up 24.46% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).
II. Market analysis
Upstream and downstream: this month, the price of antimony trioxide rose with the trend of antimony ingot. As of 31, the average price of antimony trioxide was 99.5% at 37000 yuan / ton, and 99.8% at 39250 yuan / ton.
Domestic market: in the first ten days of this month, the spot market price is mainly higher, which is mainly determined by the strong price confidence of major domestic manufacturers. In the middle of this month, the price of 2 × high bismuth antimony ingot is increased by 2000 yuan / ton, while that of other models is increased by 2500 yuan / ton. At the end of the third quarter, we will enter the traditional peak season of the fourth quarter. The downstream stock is more active. The overall transaction of the market is good. Some traders are reluctant to sell, and the overall market atmosphere is good. In the late ten days, the market price stopped rising and entered consolidation after a rapid rise. Both sides of the market began to test each other and wait and see. As of the end of the month, the average price of 2 × low bismuth antimony ingot was 41000 yuan / ton, 1 × antimony ingot was 41500 yuan / ton, 0 × antimony ingot was 42500 yuan / ton, and 2 × high bismuth antimony ingot was 39000 yuan / ton.
III. future prospects
Next week’s economic data is still concentrated. In addition to the employment data, there are PMI data from various countries. It’s hard to be optimistic about the expected value, and there’s no room for a sharp rise in the low dollar index recovery. However, the worry about economic fatigue still makes the bullies of various metals afraid. If the market shows a correction, it may increase the willingness of downstream consumers to buy into the market. In November, the market will be closed The atmosphere will be much better than this week. Antimony ingot Market has experienced the rapid price rise in the first ten days of October, and now it has entered the consolidation trend. However, due to the fact that the current supplier action is still unified, although the market has some noise impact, the general trend has not changed, and it is expected that the high consolidation in the future will be the main trend.