1、 Price trend

On January 17, the antimony commodity index was 53.77, unchanged from yesterday, down 47.45% from 102.32 (2012-10-16), the highest point in the cycle, and up 14.45% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: on Wednesday, the price of antimony oxide followed the trend of antimony ingot, with the average price of 99.5% at 33500 yuan / ton and 99.8% at 36000 yuan / ton as of Friday. In terms of raw materials: the delivery and investment of mining enterprises are light, some mines are still shut down for maintenance in winter, and most mines are shut down for maintenance or suspended for delivery quotation.

Domestic market: the market price of antimony ingots is stable this week. Near the Spring Festival, most manufacturers are going to have a holiday or are going to have a holiday. Logistics and transportation will be suspended soon. Most manufacturers enter the spring holiday ahead of time. As of Friday, the price of 2 × low bismuth antimony ingots is 37000 yuan / ton, 1 × antimony ingots is 37500 yuan / ton, 0 × antimony ingots is 38500 yuan / ton, and the average price of 2 × high bismuth antimony ingots is 34500 yuan / ton.

Nonferrous Industry: the macro environment at home and abroad is warm this week, the first phase of Sino US trade agreement has been signed and implemented, and the domestic central bank has made a total of 900 billion net investment in this week. On Friday, the National Bureau of statistics released the important economic data of 2019, which shows that China’s economy continues to be stable and positive, and the market is more emotional, a shares and nonferrous basic metals keep rising.

3、 Future prospects

Next week is just four trading days before the Spring Festival. Most of the spot market is hard to have substantive trading, and the futures market will also take risk aversion to reduce positions and leave the market. Although the supply and demand are weak, but the basic metal market is full of expectations for consumption after the festival, and this year’s currency remains loose. With market confidence, although the spot price will show no market, the low selling price will decline Continuation