The antimony ingot market in East China will decline slightly from June 26 to July 3, 2023. The price at the beginning of last week was 81625 yuan/ton, and the price at the beginning of this week was 81250 yuan/ton, down 0.46%.
| Thiourea |
The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments 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 figure, it can be seen that the trend of the antimony ingot market was relatively stable in April, and the market has been slightly declining for four consecutive weeks since June.
This week, the price of European strategic small metal antimony has temporarily stabilized, and as of July 3rd, it was at $11850/ton, with a decrease of $100/ton. Currently, the overall market atmosphere is on the wait-and-see side.
This week, the antimony ingot market continued its previous weak trend, and prices continued to decline slightly this week, with a decrease of about 500 yuan/ton within the week. The changes in supply and demand are still limited, and the overall performance is weak in both supply and demand. The operation of the refinery has remained basically unchanged compared to last week. Although manufacturers have a certain mentality of price support, they have also relaxed their mentality in the face of long-term weak market operation. In terms of demand, sales of antimony oxide are weak, and downstream demand is generally weak, resulting in cold market trading. The overseas situation is also not optimistic. The European region is about to enter a summer break, and the price of antimony ingots in Europe continues to decline. Overseas demand is expected to decline. According to the latest export data, the export volume of antimony oxide and antimony ingots has declined, and the weakness of the overseas market has also affected the mentality of the domestic market. The market outlook for the future is not good. Overall, the current market supply and demand are weak. With the continuous decline of prices, the market’s wait-and-see mentality has become increasingly strong, and the mentality of refineries to support prices has become loose. It is expected that the market will continue to operate weakly in the future.
This week, the antimony oxide market is operating weakly, with weak downstream demand and overall soft market transactions. The demand for antimony ingots remains strong, while the intention to receive goods from upstream is weak, and on-demand procurement is maintained.
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