Antimony price is stable, the market continues to be optimistic about the market outlook
The market price of antimony products was relatively stable last week, and the supply and demand pattern of the market remained little changed. However, due to the slight fluctuation of the US dollar exchange rate recently, which slightly affected overseas demand, the export prices and domestic sales prices were basically stable last week. However, the market price of antimony products remains strong, and the domestic market remains confident. At present, market participants still maintain a firm and optimistic attitude towards the original positive factors.
First of all, the current situation of importing ore in terms of raw materials remains tight. For example, antimony mines such as Russia cannot enter the country due to various reasons such as the epidemic. The situation that the large quantities of original imported ore enters and suppresses domestic prices may be for a long time. According to market participants, antimony ore from Russia and other countries will not be imported into China this year. Therefore, at the level of raw material supply, the proportion of domestic and foreign imported ore is already 50-50%. There is not enough ore, and the situation of antimony ore in short supply will continue.
Secondly, environmental protection inspections for antimony exceeding standards in Hunan Province and other places have become more stringent. Recently, environmental inspection teams have moved in again, which will continue to cause some manufacturers to reduce production and stop production. It is understood that at present, several manufacturers in the tin mine area, some of them have Part of the reason is the lack of raw materials, and the other part is to cooperate with environmental inspections. As a result, the supply level, especially the supply of antimony ingots, may be even more elusive.
Thirdly, as many domestic manufacturers have completed the transformation of their production lines in the near future, it is reported that they have begun to prepare for restocking in the near future due to the lack of hoarding of raw materials. The stability or even increase of domestic demand will give a huge impetus to the price stability of antimony products, market participants said At present, China’s demand confidence is high, and its dependence on the U.S. market is also declining. Since the epidemic this year, foreign demand has not been significantly affected. What should be bought abroad is still buying. Therefore, whether it is overseas demand or domestic demand, It shouldn't be too bad.
Finally, coupled with the traditional stocking peak for the Chinese New Year immediately, the downstream side will usher in a purchasing peak.
Recently, some market participants revealed that due to the shortage of raw material resources such as antimony ingots, some antimony oxide manufacturers deliberately suppressed the price of antimony ingots in order to purchase low-priced raw materials in the future. However, market participants said that since the current antimony ingot manufacturers have insufficient resources, there is no pressure to reduce prices, and it is expected that this battle that is more patient than patient will not last too long.
In terms of antimony ingots, the average price of SMM antimony as of the weekend: 2# low bismuth antimony ingot 41750 yuan/ton, 1# antimony ingot 42250 yuan/ton, 0# antimony ingot 43,000 yuan/ton, 2# high bismuth antimony ingot average price 40750 yuan/ton The price remains unchanged compared to last week. As for the market price of antimony oxide this Wednesday, as of the end of the week, the average price of SMM antimony trioxide was 99.5% at 38,500 yuan/ton and 99.8% at 39,500 yuan/ton, unchanged from last week.
東莞杰夫 三氧化二銻