Price Trend

This week (4.22-4.26) domestic 1 # antimony ingot price is stable, the domestic market average price is 43750 yuan/ton, flat.

On April 27, the Sb Commodity Index was 60.90, unchanged from yesterday, down 40.48% from its peak of 102.32 points in the cycle (2012-10-16), and up 29.63% from its low of 46.98 points on December 24, 2015. (Note: Period refers to 2012-09-08 to date).

II. Market Analysis

Upstream and downstream: domestic antimony sulfide concentrate (Sb > 55%) market quotation as of Friday is 3450-35500 yuan/ton of metal, the average price is 35000 yuan/ton; this Wednesday, antimony dioxide price followed the trend of antimony ingot to stop falling and stabilize, as of Friday, 99.5% in 38500 yuan/ton, 99.8% in 39750 yuan/ton.

Domestic market: Antimony ingot: This week, the price of antimony ingot is stable, up to 26 days: SMM antimony average price as of the weekend: 2_high bismuth antimony ingot 42250 yuan/ton, 2_low bismuth antimony ingot 43500 yuan/ton, 1_antimony ingot 44000 yuan/ton, 0_antimony ingot 45000 yuan/ton. After the resumption of construction in Lengshuijiang area, the supply has not changed much this week, and the market turnover is relatively stable.

Non-ferrous industry: This week, the US data is bright, the euro zone data is weak, the US dollar index has finally got rid of the oscillating platform range in the past two years, hitting a two-year high of 98.3. Most of the basic metals are under pressure, and the May Day is coming. Risk aversion factors and weak consumption make most of the products difficult to highlight.

3. Prospects for the Future Market

Next week, there will be only two trading days in China. The market will focus on risk aversion, position reduction and inventory reduction. It is expected that most items will remain volatile and will return after the festival to await the guidance of the external market.