From August 11 to August 18, 2023, the overall antimony ingot market in East China was on the rise, with prices at 76750 yuan/ton at the beginning of last week and 78750 yuan/ton at the beginning of this week, an increase of 2.61%.

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 trend of the antimony ingot market was relatively stable in April, and the overall market was weak in June. After seven consecutive weeks of decline, prices rebounded at the end of July.

The price of European strategic small metal antimony has slightly increased this week, reaching $11550 per ton as of August 18th. The price has slightly increased this week, and the market atmosphere is somewhat wait-and-see.

This week, the antimony ingot market continued its upward trend last week, rising by 2000 yuan/ton during the week. There has been little change in supply and demand compared to the previous period, and it still shows weak supply and demand. Downstream demand is still weak, and the principle of on-demand procurement for antimony ingots is maintained, resulting in a strong bearish sentiment in the market. With antimony ingot manufacturers raising prices, the antimony ingot market has accumulated an increase of about 3000 yuan/ton, and overseas markets have rebounded by $100/ton this week. Overall, the supply and demand in the antimony ingot market are weak, with refinery prices rising and antimony ingot prices rebounding. However, downstream demand is weak, and there is limited room for further upward growth in the future. It is expected to maintain temporary stable operation in the short term.

This week, the antimony oxide market followed the overall rebound in antimony ingot prices, but there was no significant improvement in market demand. The overall transaction volume in the market was relatively soft, and the demand for antimony ingots remained strong, while the intention to receive upstream goods was weak, maintaining on-demand procurement.

On August 18th, the base metal index was 1196 points, an increase of 11 points from yesterday, a decrease of 25.99% from the highest point of 1616 points in the cycle (2022-03-09), and an increase of 86.29% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of Business Society, there were a total of 17 commodities in the non-ferrous sector that rose month on month on the commodity price rise and fall list in the 33rd week of 2023 (8.14-8.18), with antimony (2.61%), nickel (1.28%), and lead (1.21%) ranking among the top three commodities. There are three products that have decreased compared to the previous month, with cobalt (-2.30%), tin (-1.84%), and zinc (-1.22%) ranking among the top three products. This week’s average increase or decrease was 0.42%.