According to SMM's assessment, China's antimony ingot production (including antimony ingots, crude antimony converted, antimony cathode, etc.) in February 2025 decreased by 7.84% MoM. Specifically, among the 33 surveyed producers currently assessed by SMM, 18 producers halted production, an increase of 5 compared to the previous month; 12 producers reduced production, a decrease of 5 compared to the previous month; and 3 producers maintained normal production, unchanged from the previous month. Regarding antimony ingot production, February's production declined again following January's decrease. Many market participants considered this a normal phenomenon, as early February coincided with the Chinese New Year, and many enterprises resumed operations only after the Lantern Festival. Consequently, many producers underwent maintenance or temporarily suspended production in the first half of February. Additionally, due to the inability of many overseas ore sources to enter the domestic market and the suspension of mining activities in northern regions during winter, the domestic supply of raw materials remains relatively tight. Many producers indicated that production would recover to some extent in March as the weather warms. Market participants expect a rebound in national antimony ingot production in March 2025 compared to February, with a high likelihood of an increase, a possibility of remaining flat, and a relatively small chance of a further slight decline.
Note: Since May 2022, SMM has been publishing assessed production data for national antimony ingots (including antimony ingots, crude antimony converted, antimony cathode, etc.). Benefiting from SMM's high coverage rate in the antimony industry, SMM's survey includes 33 antimony ingot producers across 8 provinces nationwide, with a total sample capacity exceeding 20,000 mt and a total capacity coverage rate of over 99%.
This report is an original work and/or compilation by SMM Information & Technology Co., Ltd. (hereinafter referred to as "SMM"), which legally owns the copyright and is protected by the Copyright Law of the People's Republic of China and other applicable laws, regulations, and international treaties. Without written permission, no part of this content may be reproduced, modified, sold, transferred, displayed, translated, compiled, disseminated, or disclosed to third parties in any form, nor may third parties be authorized to use it. Upon discovery of any infringement, SMM will pursue legal action to hold the infringer accountable, including but not limited to demanding liability for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. The content of this report, including but not limited to information, articles, data, charts, images, audio, video, logos, advertisements, trademarks, trade names, domain names, layout designs, and any or all other information, is protected by the Copyright Law of the People's Republic of China, the Trademark Law of the People's Republic of China, the Anti-Unfair Competition Law of the People's Republic of China, and other applicable laws, regulations, and international treaties concerning copyright, trademark rights, domain name rights, commercial data information rights, and other rights. Without written permission, no institution or individual may reproduce, modify, use, sell, transfer, display, translate, compile, disseminate, or disclose any part of this content to third parties, nor may third parties be authorized to use it. Upon discovery of any infringement, SMM will pursue legal action to hold the infringer accountable, including but not limited to demanding liability for breach of contract, restitution of unjust enrichment, and compensation for direct and indirect economic losses. *All data in this report is based on publicly available market information (including but not limited to industry news, seminars, exhibitions, corporate financial reports, brokerage reports, data from the National Bureau of Statistics, customs import and export data, and various data published by major associations and institutions) and processed through SMM's internal database model by the SMM research team to provide reasonable inferences. The information provided in this report is for reference only, and users assume all risks. This report does not constitute direct investment research advice, and clients should make decisions cautiously and not replace independent judgment with this report. Any decisions made by clients are unrelated to SMM. Furthermore, any losses or liabilities resulting from unauthorized or illegal use of the views expressed in this report are unrelated to SMM. SMM reserves the right to modify and interpret the terms of this statement.
![[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies](https://imgqn.smm.cn/usercenter/HBsPu20251217171723.jpeg)
