Hunan gold rose again in early trading today. As of 1022, Hunan gold rose by more than 9%, hitting the limit at one point. And yesterday, Hunan gold is strong to seal the trading board. It is reported that Hunan gold has maintained a strong upward momentum since August 11, rising more than 40% in eight trading days.
It is reported that Hunan gold is engaged in the mining and mineral processing of gold and antimony, tungsten and other non-ferrous metal mines, the smelting and processing of gold, antimony, tungsten and other non-ferrous metals, the deep processing of gold and refined antimony, and the import and export of non-ferrous metal mineral products. In its recent semi-annual report, the company achieved sales income of 8.640893 billion yuan, an increase of 14.58% over the same period last year, a total profit of 212.5646 million yuan, an increase of 94.16% over the same period last year, and a net profit of 181.399 million yuan belonging to shareholders of listed companies, an increase of 97.66% over the same period last year. It said antimony business performed well in the first half of the year.
"the net profit of Hunan gold nearly doubled that of antimony products.
The recent continuous rise in Hunan gold is closely related to the continued improvement of the antimony market. It is understood that the recent photovoltaic market is hot again, antimony as one of the important upstream materials, as the photovoltaic market continues to improve, antimony demand continues to increase. In addition, according to related news, the US energy storage company Ambri Inc has announced that it has received US $144 million in financing to support the technological and commercial development of its new batteries. Antimony is a key mineral in Ambri battery chemistry in the battery design. The company will produce batteries and systems based on calcium and antimony electrodes, which will be more economical than lithium-ion batteries. Affected by this related news, the antimony-related market has once again aroused concern.
Antimony is known as "industrial monosodium glutamate", which is widely used in flame retardants, batteries and lead alloys, glass ceramics, chemicals, catalysts and other industrial and military fields. During the reporting period, the overall price of antimony market showed a strong rise in the early stage, and then stopped falling and rebounded after the medium-term decline. In the first half of the year, the average price of domestic antimony ingots (99.65%) was 57300 yuan / ton, an increase of 56% over the same period last year, while that of antimony trioxide (99.5%) was 53200 yuan / ton, an increase of 57% over the same period last year. According to statistics from the China Nonferrous Metals Industry Association, antimony ingot production in the first half of 2021 was 34757 tons, down 5.2 percent from the same period last year; antimony trioxide production was 52368 tons, an increase of 23.0 percent over the same period last year; and antimony glycol production was 7542 tons, an increase of 10.3 percent over the same period last year.
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Antimony prices have also continued to rise since June, with the spot price of SMM1# antimony ingots averaging 69000 yuan per ton on Aug. 19, up 15000 yuan, or 28%, from the beginning of June. While prices continue to rise, the supply side also continues to be tight. According to SMM, after the current market hesitation disk continues to wash out, the supply-side driving force caused by the shortage of market raw materials is still very large. At present, many antimony oxide producers do not have enough antimony ingot inventory, and now if you light the fire again and receive a large number of goods, the price is still very likely to break seven upward. Some businessmen say frankly that antimony ingots are really out of stock. At present, the market shows that there are few transactions because everyone does not dare to sell, not that they cannot be sold. SMM believes that, combined with the current short-term market demand performance and the performance of export orders affected by transportation, the price of antimony ingots, for example, may also fluctuate in the range of 65000-73000 yuan / ton. A breakthrough in either direction still needs a decisive factor to push forward.
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