In October 2023, the domestic 1 # antimony ingot market stabilized first and then fell, with prices slightly declining. The average market price in East China was 82750 yuan/ton on the 1st and 82500 yuan/ton on the 27th, a decrease of 0.3%.

On October 26, the antimony commodity index was 114.85, unchanged from yesterday, a decrease of 5.44% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 144.47% 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. In March, the price fell broadly, while in April and May, the trend remained stable. After June, the price continued to decline for seven consecutive weeks, and at the end of July, it rose for eight consecutive weeks. In October, it fell narrowly.

In terms of the industrial chain, the trend of the antimony oxide market in October remained basically stable, with limited price fluctuations during the month. Due to the tight supply of raw materials, some enterprises replenished their inventory as needed. The latest customs data shows that the export of antimony oxide in September increased by nearly 10% compared to August, and the sales situation in overseas markets is still good, which just needs support for the antimony ingot market.

In October, the antimony ingot market slightly decreased, only by 250 yuan/ton, and the market remained stable for the month. From the perspective of supply and demand, the overall changes are also limited, still manifested as weak supply and demand. The tight supply situation at the antimony mining end has not significantly improved. Due to the disturbance of the tight supply factors at the mining end, the overall supply of antimony ingots in China is still tight, and most manufacturers have a reluctance to sell, and the inventory in the factory is generally low. In terms of demand, antimony oxide enterprises still maintain a demand based replenishment and procurement, and currently the overall market mentality is weak. Overall, the news in the antimony ingot market is currently slightly stable, with the overall market leaning towards the off-season trend. It is expected to maintain a consolidation operation in the short term.