1、 Price trend

The antimony commodity index on March 29 was 53.07, unchanged from yesterday, 48.13% lower than the highest point in the cycle 102.32 (2012-10-16), and 12.96% higher than the lowest point 46.98 on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: the price of antimony oxide fell on Wednesday. As of Friday, 99.5% was 34500 yuan / ton, 99.8% was 36000 yuan / ton, 1000-2000 yuan / ton lower than last week.

Domestic market: this week’s antimony ingot market continued to decline. Affected by international events, the export of antimony products has been dragged down. Domestic demand has been suspended. Major domestic manufacturers have plans to reduce production. Under the double influence of demand and export, the price of antimony products has declined. As of Friday, the price of 2 × low bismuth antimony ingots was 36500 yuan / ton, 1 × high bismuth antimony ingots was 37000 yuan / ton, 0 × high bismuth antimony ingots was 38000 yuan / ton, and the average price of 2 × high bismuth antimony ingots was 34000 yuan / ton Down 1500-2000 yuan / ton.

Industry: this week, the basic metals are in a state of recovery and stabilization. The main reason is that the Federal Reserve announced unlimited quantitative easing policy, and the major central banks around the world have followed the policy of continuous interest rate reduction and easing. After the G20 meeting, the stimulus policy of introducing more than 5 trillion US dollars into the world was announced. The market gained confidence and left the market short in the week, which made the basic metals recovery.

According to the price monitoring of the business association, in the 12th week of 2020 (3.23-3.27), there are 8 kinds of commodities in the list of commodity prices rising and falling, among which there are 3 kinds of commodities with an increase of more than 5%, accounting for 13.6% of the monitored commodities in the sector; the top 3 commodities are silver (15.02%), gold (7.72%) and copper (6.48%). There are 13 kinds of commodities falling on a month on month basis, and the top three products are antimony (- 4.98%), silicon metal (- 3.51%) and titanium concentrate (- 3.17%). This week’s average was 0.82%.

3、 Future prospects

Next week will enter April, the domestic situation has been further controlled, local governments and central banks continue to offer various stimulus policies to help enterprises to start a good recovery of life and production order, the market is expected to warm up consumption in April, but the overseas market is still relatively serious, the market risk is dependent, the domestic resistance is still stronger than the external market, and the ratio of some products will continue to be repaired.