According to SMM's assessment, China's production of first-grade sodium antimonate in December 2024 rose significantly by approximately 13.84% MoM from November. Following the rebound in production in October, another substantial increase was observed. The sharp rise in December production was mainly due to the fact that December is the last month of the year, and many producers slightly accelerated production to meet annual production targets. Regarding other detailed data, among the 11 surveyed producers by SMM, 2 were either idle or in the process of commissioning in December. While production at a small number of sodium antimonate producers remained relatively stable, most producers experienced varying degrees of production increases, leading to the overall significant rise in production. Market participants expect that, as the Chinese New Year holiday begins at the end of January, the national production of first-grade sodium antimonate in January 2025 is likely to continue its steady growth, with a lower probability of another sharp increase in production.
Explanation: Since July 2023, SMM has been publishing its national sodium antimonate production assessments. Thanks to SMM's high coverage rate in the antimony industry, the total number of surveyed sodium antimonate producers is 11, distributed across 5 provinces nationwide, with a total sample capacity exceeding 75,000 mt and a total capacity coverage rate as high as 99%.
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