From November 3 to November 10, 2023, the antimony ingot market in East China remained stable for the time being, with prices remaining unchanged at 82500 yuan/ton over the weekend.
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 recent trend of the antimony ingot market has been relatively stable.
This week, the price of European strategic small metal antimony remained stable, with a price of $11550/ton as of November 10th. It remained stable during the cycle and the market atmosphere was somewhat wait-and-see, with limited impact on market sentiment.
The antimony ingot market has remained temporarily stable for 6 consecutive weeks, with limited changes in market supply and demand, and overall weak market atmosphere. In terms of supply, the mining end is still in a tight supply situation, and manufacturers still have a reluctance to sell. In terms of demand, the recent performance of the antimony oxide market has slightly improved, but the overall impact on the market is still limited. Overall, the antimony ingot market is still weak in both supply and demand. Without clear news, the spot market will remain temporarily stable in the short term.
This week, the antimony oxide market remained temporarily stable, with a strong wait-and-see sentiment. Overseas sales performance was average, and market expectations remained weak. Antimony oxide enterprises maintained a demand for antimony ingots, and demand support remained.
The non-ferrous index stood at 1110 points on November 12, unchanged from yesterday, a decrease of 27.83% from the cycle’s highest point of 1538 points (2021-10-18), and an increase of 82.87% from the lowest point of 607 points on November 24, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).
According to the price monitoring of the Business Society, there were three commodities in the non-ferrous sector that rose month on month in the 45th week of 2023 (11.6-11.10) commodity price rise and fall list, with tin (1.49%), zinc (0.65%), and magnesium (0.16%) ranking among the top three commodities. There are a total of 16 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium oxide (-2.47%), dysprosium iron alloy (-1.92%), and praseodymium oxide (-1.90%). This week’s average increase or decrease was -0.79%.
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