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SunSirs: China's Antimony Ingot Market Rose 2.14% Last Week (September 3 to September 10)

Increase font size  Decrease font size Date:2021-09-14   Views:158

  From September 3 to September 10, 2021, the market price of antimony ingots in East China is temporarily stable. The weekend price is 71,500 yuan/ton, an increase of 1,500 yuan/ton or 2.14% from the previous week.

  The antimony commodity index on September 9 was 98.14, a decrease of 4.09% from the cycle high of 102.32 points (2012-10-16), and an increase of 108.90% from the lowest point of 46.98 on December 24, 2015. (Note: Period refers to 2012-09-08 to present).

  The market price of antimony ingots rose again last week, and the international price rose by US$392/ton. Domestic manufacturers maintained their attitude of being pricey, and the supply of raw materials was still tight. Manufacturers' reluctance to sell has the upper hand. The upstream and downstream game mentality is strong. Affected by the expectation of tight supply of raw materials for antimony ore, most domestic mainstream manufacturers sell antimony ingots in limited quantities. At present, the price of antimony ingots is still at a relatively high level in history, and the downstream has a strong attitude of fear of heights. The overall wait-and-see is the mainstay, and the downstream purchases on demand.

  This round of price increase is still boosted by the shortage of raw materials, and some downstream are afraid of high sentiment. It is expected that the price of antimony ingot will maintain a volatile trend in the short term.

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