SMM Analysis On China September Antimony Ingot Production And October Forecast

According to the SMM survey, in September 2024, China's antimony ingot production (including antimony ingot, crude antimony conversion, antimony cathode, etc.) significantly decreased by 10.49% MoM compared to August. Specifically, among the 33 surveyed companies, 17 stopped production, an increase of 6 from the previous month; 12 reduced production, a decrease of 7 from the previous month; and 4 maintained normal production, an increase of 1 from the previous month. The antimony ingot production saw a significant decline after a rebound in the previous month. Many market participants consider this normal due to tight domestic and international raw materials, falling domestic prices, and difficulties in importing overseas raw materials. The tight raw materials led to a production decrease in September, which is also seen as normal. Therefore, some market participants expect the antimony raw material market to remain weak. SMM expects that in October 2024, national antimony ingot production may continue to decline compared to September.

Note: Since May 2022, SMM has been publishing national antimony ingot production (including antimony ingot, crude antimony conversion, antimony cathode, etc.). Thanks to SMM's high coverage rate in the antimony industry, the survey includes 33 producers across 8 provinces, with a total sample capacity exceeding 20,000 mt and a capacity coverage rate of over 99%.