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[SMM Antimony spot report] stable consolidation of Antimony Price (2020.3.30-2020.4.3)
Apr 3,2020 11:14CST
The content below was translated by Tencent automatically for reference.

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SMM4 month 3: antimony market performance this week stable, price downward trend temporarily stopped, buyers and sellers into a wait-and-see state. At present, the supply side of the shipping mentality is different, some suppliers with low inventory and abundant funds are waiting to see, while others with high inventory and tight funds can talk about more room for quotation. The buyer side with the recent price stable, the inquiry has also increased slightly, but from the actual trading volume, there is still no obvious change. At present, from the perspective of raw materials and production, manufacturers can control to a certain extent, and even take the initiative to reduce supply to prevent prices from falling too fast. as a result, some large manufacturers also take the initiative to reduce production and stop production. However, recently, market participants have said that the purchase of raw materials has gradually begun to be tense. It is understood that many mines at home and abroad are in a state of production reduction or closure. In addition, due to the current backlog of imported ore supplies in the port, they are unable to quickly circulate to the manufacturers, resulting in a shortage of raw materials available for purchase in the market, even if this situation continues for a while. There is also a certain possibility that it will lead to a rush to buy the situation, the mine price will also be strong, under the constraints of the bottom line of cost, it is also expected to form an effective support for the price of antimony products in the near future. As a result, many market participants boldly predict that there may also be opportunities for price increases in the near future.

"View the exclusive antimony historical price of SMM

As of the end of the week, the average price of SMM antimony ingots is 36500 yuan / ton for low bismuth antimony ingots, 37000 yuan / ton for antimony ingots, 38000 yuan / ton for antimony ingots, and 34000 yuan / ton for high bismuth antimony ingots, which is unchanged from last week. Antimony oxide market prices on Wednesday also followed the stability of antimony ingots, suppliers said shipment is still difficult, although the bidding is fierce, but the shipping mentality has gradually turned to wait and see. As of the end of the week, the average price of SMM antimony trioxide was 99.5 per cent at 34500 yuan / tonne and 99.8 per cent at 36000 yuan per tonne, stable compared with last week.

SMM Antimony spot Weekly report
Price Forecast

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