[SMM Antimony spot Weekly] the price of antimony market continues to weaken and the transaction situation is not good (2019.07.01 to 2019.07.05)

SMM, July 5, 2019:

Although recently, some large manufacturers in the antimony industry continue to push prices, with practical actions to lead other manufacturers to counter the market demand of the off-season. However, from the actual effect, it does not reduce the demand-side wait-and-see mood. With the arrival of the traditional off-season in July, the continued weakening of transactions in the future has become the most worried factor on the supply side, and large manufacturers have also begun to see the continuous loosening of sales prices, but the loosening of prices has not effectively stimulated actual demand. Small purchases are still the mainstream, while speculative demand still exists but is not active.

Raw materials: although the price of foreign raw materials has become weaker recently, the pressure on the domestic raw material market is not great because foreign imported mines have not entered the domestic market in a large number in the short term. The raw material price of antimony powder separated from domestic single antimony mine and lead factory is still stable, and there is even a phenomenon of price increase for a small number of raw material suppliers. Resources are mainly concentrated in Hunan, Henan, Guangxi and other areas, the transaction situation is light, the price can be discussed. It is expected that with the entry of foreign mineral sources in the second half of July, it will have an impact on the domestic raw material market.

Antimony ingots: due to the continued downturn in market trading activity, antimony ingot prices continue to loose this week, the overall transaction price has dropped some. By the end of the week, the average price of SMM antimony ingots: 2 # high bismuth antimony ingots 36000 yuan / ton, 2 # low bismuth antimony ingots 38000 yuan / ton, 1 # antimony ingots 38500 yuan / ton, 0 # antimony ingots 39500 yuan / ton. Due to the falling prices of antimony ingots in overseas markets, which have a greater impact on the export of antimony ingots and antimony oxide export orders, market participants said that export orders are expected to decrease significantly in July. Coupled with the continued lightness of domestic transactions, as well as the falling price of antimony oxide, the price of antimony ingots can not be isolated. The front of 40000 yuan per ton of antimony insisted by large manufacturers has disappeared, but the manufacturer said that in the short term, it will not easily continue to cut prices in exchange for a small number of transactions that cannot be controlled. In addition, industry insiders reflect the recent emergence of some speculative funds in the market, coupled with antimony oxide manufacturers also have a certain stock, the removal of a certain inventory of antimony ingots, so that the inventory pressure of antimony ingots has been slightly reduced.

Antimony trioxide: still continue to be affected by poor downstream demand, antimony trioxide market prices weakened, some suppliers through lower sales prices to increase shipments. By the end of the week, the average price of antimony trioxide in SMM is 99.5 per cent at 35000 yuan per ton and 99.8 per cent at 36000 yuan per ton.

"View the historical price of exclusive antimony in SMM

Antimony market prices are expected to remain glued next week, supply-side efforts to maintain prices, demand-side wait-and-see situation will continue.

In 2018, China's small metal market was deeply affected by factors such as regular supervision of environmental protection, poor activity, cautious investment speculators entering the market, and so on. Indium germanium rose and then fell, gallium and tellurium high and then stalemate, selenium rushed high and then fell back, antimony performance was flat. In 2019, the residual temperature of China's environmental protection policy is still there, and the trade cloud is still there. The space geometry of domestic small metal enterprises, the extent to which 5G commercial use will stimulate the downstream demand of all kinds of small metals, and where will the small metal market eventually go? Invite you to get together "2019 SMM small Metal Industry Summit", together to see the sun!

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