[SMM data] China’s import volume of other antimony ores and concentrates in March was 4101.79 tons

Customs data shows that China’s import volume of other antimony ores and concentrates in March 2024 was 4,101.79 tons. The import volume was slightly lower than the 4,516.44 tons imported in February and 4,385.04 tons imported in January. However, there was a significant increase compared with the import volume of 2,489.36 tons in the same period last year.

Market insiders said that the antimony market price has recently entered a period of rapid growth, and the market's reluctance to sell has led to a decrease in market resource turnover. Market insiders said that the core problem of the antimony industry now is the low inventory. Some large factories in Hunan have relatively low inventories. Although the market expects that the raw material supply of Russia's Polyus Gold may be shelved in the future and will become tighter, coupled with several mine accidents in China in March and April and possible environmental protection rectification in the future, the market expects that the fundamental reason will account for the increase in antimony prices . However, some market participants believe that the previous rise in antimony prices was due to the fact that the photovoltaic industry's strong use of antimony has accelerated the destocking of antimony stocks. However, as the demand in the photovoltaic industry chain has tended to weaken, antimony consumption may be affected.