In June 2023, the domestic market of 1 # antimony ingot will fluctuate downward. The average market price in East China will be 82625 yuan/ton on the first day and 81625 yuan/ton on the 28th, down 1.21%.

On June 27th, the antimony commodity index was 113.63, unchanged from yesterday, a decrease of 6.45% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 141.87% from the lowest point of 46.98 points on December 24, 2015. (Note: The cycle refers to 2012-09-08 present).

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 antimony ingot market has recently shown an upward trend before and after the Spring Festival. In March, prices fell broadly, while in April and May, the trend remained stable. In June, prices continued to decline for three consecutive weeks.

In terms of external trading, the European strategic small metal antimony market slightly lowered in June, with a quotation of $11850/ton as of the 28th, a decrease of $200/ton compared to the same period last month.

In terms of industrial chain, the antimony oxide market followed the trend of antimony ingots in June and slightly decreased by 500 yuan/ton per month, driven by the antimony ingot market. Market trading was light, and downstream demand was overall weak.

In June, the antimony ingot market experienced a downward trend due to fluctuations. In the past three months of supply and demand competition, the willingness of antimony ingot manufacturers to stand up for prices decreased, resulting in a downward trend in antimony ingot prices. From the perspective of supply and demand, the market has not changed much this month. In terms of supply, the operating situation of smelters remains basically unchanged, and manufacturers still maintain a mentality of being reluctant to sell. In terms of demand, the sales situation of downstream antimony oxide is still weak, and the overall performance of the downstream market is poor, with cold market trading and overall weak operation. In the second half of June, market news stated that there are expectations of an improvement in the import situation at the mining end in the future, and the market expects an increase in supply in the future. In the absence of downstream demand support, the antimony ingot market is operating empty. The overseas situation is also not optimistic. The European region is about to enter a summer break, and overseas demand is expected to decline. According to the latest export data, the export volume of antimony oxide and antimony ingots has decreased. The weakness of the overseas market also affects the mentality of the domestic market, and the market’s outlook for the future is not good. Overall, there is a weak balance between supply and demand in the market, with a strong wait-and-see mentality. It is difficult for downstream demand markets to improve expectations, and in the case of sluggish demand, the market performance tends to be weak. In the future, the business society predicts that the antimony ingot market will mainly operate in a stable and weak manner.