From December 11 to December 18, 2023, the antimony ingot market in East China slightly decreased, with prices remaining stable at 80500 yuan/ton this week.
| Gamma-PGA (gamma polyglutamic acid) |
K-bar chart of commodity prices, using the concept of price trend K-line, reflects the weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the above chart, it can be seen that the recent trend of the antimony ingot market has been relatively stable.
This week, the price of European strategic small metal antimony has declined, and as of December 18th, the price remained stable at $11350 per ton. Currently, the market atmosphere is weak.
The overall performance of the antimony ingot market has been relatively stable recently, and the downstream antimony oxide market has maintained a temporary stable operation for nearly a month, driving the stabilization of the raw material market. There was not much change in supply and demand during the week, and the supply at the mining end remained tight. However, this news has been largely digested, and its impact on the market is limited. With the recent stabilization of the market, the mentality of smelters to be reluctant to sell and raise prices has begun to increase. However, the tight supply at the mining end has not been improved, and the overall supply of antimony ingots is tight. In terms of demand, the downstream antimony oxide market still maintains procurement, providing essential support for the antimony ingot market. Overall, the supply of antimony ingots in the market is tight, and there is no clear guidance from the market. It is expected that the antimony ingot market will continue to operate temporarily and steadily in the near future. We will pay attention to changes in downstream demand in the future.
This week, the antimony oxide market continued to maintain a temporary stable operation, with a strong wait-and-see sentiment in the market. Overseas sales performance was average, and overall market expectations were weak. Antimony oxide enterprises maintained a rigid demand for antimony ingots, and are expected to operate steadily in the short term.
On December 17th, the non-ferrous index was 1092 points, unchanged from yesterday, a decrease of 29.00% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 79.90% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).
According to the price monitoring of Business Society, there were a total of 10 commodities in the non-ferrous sector that saw a month on month increase in the commodity price rise and fall list in the 50th week of 2023 (12.11-12.15). The top 3 commodities with the highest increase were silver (1.74%), dysprosium oxide (1.71%), and zinc (1.59%). There are a total of 8 products with a month on month decline, and the top 3 products with a decline are praseodymium oxide (-2.11%), dysprosium iron alloy (-1.35%), and praseodymium neodymium oxide (-1.10%). The average increase and decrease this week is 0.11%.
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