SMM, November 8, 2019:
Antimony market prices this week stable consolidation, the market trading sides continue to test each other, buyers and sellers of the wait-and-see attitude is very clear. Antimony ingot manufacturers still maintain a stable price as a whole, and the terminal after the pre-price increase stage of procurement and preparation, inventory has been guaranteed, then wait-and-see sentiment is strong, resulting in a reduction in market inquiry and trading volume, speculative demand is still relatively weak.
In terms of raw materials, the prices of single antimony ore and gong antimony ore have little change, and the raw material procurement in smelters is basically step-by-step.
The price of antimony ingots will remain unchanged this week. As of the end of the week, the average price of SMM antimony ingots is 41000 yuan per ton for bismuth antimony ingots, 41500 yuan per ton for antimony ingots, 42500 yuan per ton for antimony ingots, and 39000 yuan per ton for bismuth antimony ingots. Although after experiencing the early rapid price increase, the current antimony ingot price has appeared a stable consolidation trend, but at present, the attitude of several flagship manufacturers is still unified, do not want to easily reduce the quoted price shipment, and some small and medium-sized manufacturers keep up with the pace or hold a wait-and-see attitude.
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Prices for antimony oxide were also stable on Wednesday. As of the end of the week, the average price of SMM antimony trioxide was 99.5% in 37000 yuan / ton and 99.8% in 39250 yuan / ton. Short-term market prices are expected to remain stable for a long time.