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SMM April 24: antimony market prices this week maintained a stable trend, but domestic and foreign market demand is still flat, domestic buyers are still in a wait-and-see state. But the current move to speed up shipments on the supply side is beginning to rein, and there has been no further rapid fall in prices. Some market participants said that recently, the Lengshuijiang region government began to carry out tax inspection of private antimony enterprises in Xikuang area, and the year of inspection began in 2017. It is expected that the Lengshuijiang government will increase taxes, and there are even rumors that cameras will be installed on each hearth to monitor production. As a result, it is possible to cause some obstacles to the procurement of antimony ore raw materials in Tajikistan. It is also rumored that a large domestic factory due to cost reasons led to the suspension of production, which will also have an impact on the supply of the market. Coupled with the recent Changsha Customs Anti-smuggling Bureau to crack down on suspected smuggling of antimony ingots fermentation, the market is currently wait-and-see mentality, buyers and sellers entered a stalemate.
"View the exclusive antimony historical price of SMM
As of the end of the week, the average price of SMM antimony ingots was 35500 yuan / ton for low bismuth antimony ingots, 36000 yuan / ton for antimony ingots, 37000 yuan / ton for antimony ingots, and 33000 yuan / ton for high bismuth antimony ingots. Except that high bismuth antimony ingots were down 250 yuan / ton compared with last week, other ingots remained unchanged. The market price of antimony oxide remained stable with antimony ingots on Wednesday, and suppliers said shipments were still difficult. As of the end of the week, the average price of SMM antimony trioxide was 99.5 per cent at 33500 yuan / tonne and 99.8 per cent at 35000 yuan per tonne, unchanged from last week. Entering the end of the month next week, and approaching the May Day holiday, antimony prices are also expected to be stable.
