[SMM Antimony spot Weekly] Antimony Price is still stable (2020.5.6-2020.5.9)

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SMM, May 9: after Labour Day short holiday, the antimony market price is still stable this week, and the domestic and foreign market demand is still unchanged. According to the overall reflection of market participants, the downstream inquiry on the demand side has increased slightly compared with last week, but the number of actual effective orders has not changed much, and the competition for effective orders in the current market has also begun to heat up gradually. this may also be due to the weak expectations of the supplier for changes in overall demand for some time to come. Therefore, although the supplier recently began to want to raise prices, but also dare not raise prices easily. On the other hand, the buyer is still in a wait-and-see state, and the purchase is basically just needed to buy, and the export market is still no significant improvement compared with the previous period.

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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, which remained unchanged compared with last week. Market participants reflect that due to the impact of technological progress, many manufacturers of high bismuth antimony ingots in the market have changed their products to low bismuth antimony ingots, so the price of low bismuth has begun to come under pressure. The market price of antimony oxide also remained stable with the antimony ingot on Wednesday. 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.