According to SMM's assessment, the production of first-grade sodium antimonate in China is expected to decrease significantly by approximately 20% MoM in January 2025 compared to December 2024. After consecutive rebounds in production since December 2024, this month saw another sharp decline. Many market participants consider this a normal phenomenon, as the Chinese New Year falls earlier this year, and many producers began maintenance or temporarily halted production in the second half of January. However, due to the relatively sufficient supply of domestic raw materials, many producers indicated that post-holiday production would not be significantly affected. Regarding other detailed data, among the 11 surveyed producers by SMM, three were either shut down or in the commissioning phase in December, while the production of other sodium antimonate producers mainly decreased, with almost no producers reporting an increase in production. This led to a significant overall decline in production. Market participants predict that due to the long Chinese New Year holiday in February, the national antimony ingot production in February 2025 is unlikely to increase significantly compared to January, with a higher likelihood of remaining flat or slightly declining.
Note: Since July 2023, SMM has been publishing the assessed national production of sodium antimonate. Thanks to SMM's high coverage rate in the antimony industry, SMM's survey includes 11 sodium antimonate producers across five provinces in China, with a total sample capacity exceeding 75,000 mt and a total capacity coverage rate of 99%.
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