1、 Price trend
On April 19, the antimony commodity index was 51.68, unchanged from yesterday, down 49.49% from 102.32 (2012-10-16), the highest point in the cycle, and up 10.00% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).
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2、 Market analysis
Upstream and downstream: the price of antimony oxide was stable on Wednesday, with 99.5% at 33500 yuan / ton and 99.8% at 35000 yuan / ton as of Friday.
Domestic market: the antimony ingot Market has remained stable this week. Influenced by international events, the antimony industry chain has been in a light market. As of Friday, the prices of 2 × low bismuth antimony ingots reached 35500 yuan / ton, 1 × antimony ingots reached 36000 yuan / ton, 0 × antimony ingots reached 37000 yuan / ton, and the average price of 2 × high bismuth antimony ingots reached 33250 yuan / ton, which is stable compared with last week.
Industry: this week, the basic metals rose under the stimulation of a lot of more information. At the beginning of this week, OPEC + oil producing countries reached a historic production reduction agreement. Subsequently, European and American countries successively introduced various plans to restart the economy, boosting market confidence. The domestic economic data released in the first quarter showed that the economy had gone out of an obvious positive trend compared with last month. The central bank implemented targeted reduction and other measures for small and medium-sized banks.
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According to the price monitoring of the business agency, in the 15th week of 2020 (4.13-4.17), there are 10 commodities in the list of commodity prices rising and falling, among which the top three commodities are zinc (2.63%), aluminum (1.75%) and tin (1.71%). There are 7 kinds of commodities falling on a month on month basis, and the top 3 products are titanium concentrate (- 3.28%), neodymium (- 1.39%) and silicon (- 1.21%). This week’s average was 0.12%.
3、 Future prospects
Next week, most of the basic metal market will be supported by long single transactions, and the spot market will maintain a certain degree of activity and persistence. Today, Xinhua news agency has announced that the 17th session of the 13th National People’s Congress will be held from April 26 to 29, and the market expects more policy guidance. Bulls can still make a difference, and each basic metal will be ready to make a breakthrough.
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