In August 2023, the domestic 1 # antimony ingot market fluctuated and rose, with the average market price in East China reaching 75750 yuan/ton on the 1st and 79750 yuan/ton on the 29th, an increase of 5.28%.

On August 28th, the antimony commodity index was 111.02, unchanged from yesterday, a decrease of 8.60% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 136.31% 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 seen an upward trend before and after the Spring Festival. The price fell broadly in March, remained stable in April and May, and continued to decline for seven consecutive weeks after June. At the end of July, it continued to rise for four consecutive weeks.

In terms of external trading, the European strategic small metal antimony market continued to decline in July, with a quote of $11750/ton as of the 29th, an increase of $300/ton compared to the same period last month.

In terms of the industrial chain, the antimony oxide market slightly rebounded in August following the trend of antimony ingots. Driven by the antimony ingot market, the monthly increase was 2000 to 3000 yuan/ton. Currently, market trading is light, and downstream demand is generally weak. Export orders have been affected by the summer break, which has led to poor performance. According to customs data, the export volume of antimony oxide in July decreased by about 30% compared to the same period last year, and the overall market demand performance is weak.

The market price of antimony ingots continued to rise slightly in August, ending the downward trend of the antimony ingot market in the past two months. Previously, under the long-term supply and demand game, downstream performance was lukewarm and tepid, and antimony ingot smelting enterprises gradually relaxed their mentality of price support. The antimony ingot market has been continuously declining in price since June. After entering August, the smelter took the lead in raising prices, and the antimony ingot market stopped falling. Subsequently, with the improvement of market mentality and the achievement of just needed transactions in downstream parts, market information improved compared to the previous period. The antimony ingot price gradually rebounded, and overseas prices rose, once again boosting domestic market confidence. The antimony ingot market rebounded by about 4000 yuan/ton within the month. However, there has been little change in domestic supply and demand compared to the previous period, with weak supply and demand. Downstream demand is still weak, and the principle of purchasing antimony ingots on demand is maintained. Refineries have raised prices for antimony ingots, but downstream demand is weak, and there is limited room for further upward growth in the future. It is expected to maintain a volatile trend in the short term.