SMM, 11 October 2019:
Market prices continue to rise this week, the antimony market is affected by a variety of factors, full of confidence. The actions of manufacturers in various regions are still unified, quotation gradually pushed up, middlemen and terminals under the stimulation of rising antimony prices, gradually compromise, increase the purchase in case the price continues to rise in the later stage, which also brought greater confidence to the supplier of antimony products. This week is the first week after the National Day holiday, the actual market turnover is also higher than before the holiday. This week as a whole, antimony ingot quotation still has a significant improvement, affected by raw materials, antimony trioxide prices also gradually keep up with the rising pace, the overall trading activity has also improved.
Raw materials this week according to the manufacturer's reaction, whether single antimony ore or other antimony ore prices are strong, many mines began to cherish the sale, and according to the manufacturers reaction gold and antimony ore supply also appeared short-term tension, so although the stock of raw materials is not small, but by the cherish sale, the price is strong and other factors, the current purchase of raw materials is not smooth.
Antimony ingot prices still rose significantly this week, as of the weekend SMM antimony average price: low bismuth antimony ingot 39500 yuan / ton, antimony ingot 40000 yuan / ton, antimony ingot 41000 yuan / ton, high bismuth antimony ingot average price 38000 yuan / ton. Overall, it was up 1000 yuan / ton from last week. Before the festival, the rumored flash star news fell down the official real hammer, with the approval of the leadership of the flash star company, the blast furnace of the antimony smelter was shut down for overhaul on the 10th of this month, and the cloth bag room of the blast furnace was upgraded for a period of 60 days. Such a long shutdown, the late flash star will have a certain impact on the supply of the market, and even a short-term outage may occur. It is expected that there may be similar moves by other manufacturers in the later stage, which will undoubtedly give the market a huge psychological support.
"View the exclusive antimony historical price of SMM
On Wednesday, the price of antimony oxide market also rose to a certain extent, in step with the pace of antimony ingots. As of the end of the week, the average price of SMM antimony trioxide was 99.5% in 34500 yuan / ton and 99.8% in 36000 yuan / ton. It is expected that the market will continue to firm prices next week, antimony prices continue to climb the possibility is still high.