Price Trend
This week (8.5-8.9) the domestic price of 1_antimony ingot fell
On August 10, the Sb Commodity Index was 53.67, unchanged from yesterday, down 47.55% from its peak of 102.32 points in the cycle (2012-10-16), and up 14.24% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).
| Polyglutamic acid |
II. Market Analysis
Upstream and downstream: the average price of antimony trioxide is 99.5% at 33250 yuan/ton and 99.8% at 34750 yuan/ton. Antimony trioxide price is weakened by the influence of antimony ingot, mainly by the limited impact of long-term trading, downstream wait-and-see, strong market intentions, more low-price supply. Antimony trioxide market will be in a weak position in the short term.
| Poly glutamic acid |
Domestic market: This week’s domestic antimony ingot Market is still off-season market, manufacturers still have a high bid sentiment, but less transactions, downstream demand is flat, wait-and-see. As of Friday, the average price of 2 # low bismuth antimony ingots was 37500 yuan/ton, 1 # antimony ingots 38000 yuan/ton, 0 # antimony ingots 39000 yuan/ton and 2 # high bismuth antimony ingots 36250 yuan/ton. The price is lower than last week.
Non-ferrous industry: This week, the performance of basic metals first restrained and then increased. The offshore renminbi “unexpectedly” broke seven, while the US Treasury Department classified China as a currency manipulator. China-US relations deteriorated further. Subjects such as stock markets and bonds in the global financial system suffered a systematic slump. Gold continued to soar. Commodities fell sharply at the beginning of the week. Then, when the US dollar fell, the market panicked. Emotions gradually recovered, commodities showed a low rebound, repair the upward trend, most of the weekend recovered some of the early week’s decline.
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3. Prospects for the Future Market
Next week’s economic data in Europe and the United States are still relatively concentrated, and worries in the macro environment are not recovering. This week’s low rebound has lifted most metals out of the trough. However, the sustained rebound still needs the promotion of each metal’s own fundamentals and the degree of favor of funds. We should be alert to the gradual withdrawal of large-scale capital into the market in the next week. Lead prices are expected to remain volatile at high levels next week, but it is not ruled out that the high may fall. Antimony industry chain will be in the downward channel.