From February 18 to 23, 2021, the market price of antimony ingot in East China rose, at 50500 yuan / ton on February 18 and 54750 yuan / ton on February 23, up 4250 yuan / ton, or 8.42%

The antimony commodity index on February 22 was 75.87, up 2.78 points from yesterday, down 25.85% from 102.32 points (2012-10-16), the highest point in the cycle, and up 61.49% from 46.98 points, the lowest point on December 24, 2015. (Note: period refers to the period from September 8, 2012 to now).

This round of rally is actually a continuation of the rally before the festival. Affected by foreign public health events in the middle of 20 years, the supply of antimony ore end has been in a tight state. In the state of continuous tight supply in China, some antimony ingot manufacturers suspended export sales. This month, as the external price continued to rise, the market sentiment was further driven. In mid January, due to the transportation restrictions caused by domestic public health incidents, downstream manufacturers increased the purchase volume of antimony ingots and antimony oxide in order to ensure production demand, further aggravating the reluctance of domestic manufacturers to sell when the market circulation source was relatively small. Most domestic antimony ingot manufacturers have plans to reduce production to varying degrees. Under multiple favorable conditions, the price will rise sharply in the short term. After entering February, as the market gradually entered the holiday mode, the market quotation decreased, and some manufacturers entered the holiday state, and the opening price of the market after the festival was dominated all the way.

According to the price monitoring of the business community, in the list of commodity prices in week 07 (2.15-2.19) of 2021, there were 17 kinds of commodities in the non-ferrous sector that rose month on month, among which 4 kinds of commodities increased by more than 5%, accounting for 18.2% of the total number of commodities monitored in the sector; the top 3 commodities were tin (8.70%), zinc (7.62%) and cobalt (6.18%). There were two kinds of commodities that declined month on month, with gold (- 3.34%) and silver (- 2.13%) as the top two products. This week, the average rise or fall was 2.46%, and most of the non-ferrous metal market rose.

In the past 21 years, the whole non-ferrous metal market has been in a rising trend, in which copper, nickel, tin, aluminum, antimony, cobalt and other commodities have been in a rising channel since the second half of 20 years. In addition to their respective supply and demand factors, a large number of funds into the market is also one of the driving forces. At present, the futures and spot markets influence and drive each other. With the recovery of foreign markets and the positive demand support of the electronics industry, it is expected that the market will be in an upward trend in the whole first quarter.

The Business Association believes that under the current continuous tight supply at the ore end and cost pressure, the price of antimony products in the future is expected to be stable and strong, and there is still room for increase. With the recovery of a domestic antimony mine, the shortage of follow-up supply will be alleviated.