In May 2023, the domestic 1 # antimony ingot market slightly increased at the end of the month, with the average market price in East China reaching 82125 yuan/ton on the 1st and 82625 yuan/ton on the 26th, an increase of 0.61%.

On May 25th, the antimony commodity index was 115.02, unchanged from yesterday, a decrease of 5.30% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 144.83% from the lowest point of 46.98 points on December 24, 2015. (Note: The cycle refers to 2012-09-08 present).

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments 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 antimony ingot market has recently shown an upward trend before and after the Spring Festival. It entered a stable period after mid March, entered a downward channel in mid April, and the decline slowed down at the end of April. The trend remained stable in May, and prices entered an upward channel in June. After a brief period of stability in July, the market continued to decline again. After August, the market gradually stabilized and remained stable for 8 consecutive weeks. At the end of October, prices began to decline continuously. After December, prices continued to warm up. After three consecutive weeks of decline in mid to late March, the market fluctuated narrowly.

In terms of external trading, the European strategic small metal antimony market remained temporarily stable in May, with a quotation of $12050/ton as of the 26th, which was unchanged from the same period last month.

In terms of the industrial chain, the antimony oxide market in May followed the overall trend of antimony ingots and remained stable, with a slight monthly increase of 500 yuan/ton driven by the antimony ingot market. Market trading was slightly light, and downstream demand was generally weak.

In May, most of the domestic antimony ingot market remained temporarily stable, with narrow fluctuations within the month, but the amplitude was relatively small, with a monthly increase of about 500 yuan/ton. From the perspective of supply and demand, the market has not changed much this month. Currently, the operation of smelters is relatively stable in terms of supply. However, antimony ingot manufacturers have a strong mentality of being hesitant to sell and selling at high prices recently, and there are few low-priced sources of goods in the market, which has also boosted some market sentiment. However, the actual transaction volume in the market is relatively low. The changes in downstream demand are limited, and the price of antimony oxide has slightly increased with the price of antimony ingots. However, the procurement of antimony ingots remains on demand. The sales situation of antimony oxide remains unchanged, and downstream demand has been performing poorly. At present, the overall wait-and-see attitude of the market in the future is relatively strong, and actual transactions are light. With the mentality of manufacturers supporting prices, it is expected that there will be a slight increase in prices in the future, but it is difficult to have a significant upward space in the absence of downstream support.