According to the commodity market analysis system of Business Society, in December 2023, the domestic 1 # antimony ingot market fluctuated upwards, with the average market price in East China reaching 80500 yuan/ton on the 1st and 81250 yuan/ton on the 28th, an increase of 0.93%.

On December 28th, the antimony commodity index was 113.11, an increase of 0.35 points from yesterday, a decrease of 6.87% from the highest point in the cycle of 121.46 points (2023-15), and an increase of 140.76% from the lowest point of 46.98 points on December 24th, 2015. (Note: The cycle refers to 2012-09-08 present).

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 antimony ingot market has recently seen an upward trend before and after the Spring Festival, with a wide decline in prices in March, a stable trend in April and May, a seven week continuous decline in prices after June, an eight week continuous increase at the end of July, and a narrow decline in October and November. The recent trend is relatively stable.

In terms of external trading, the European strategic small metal antimony market rose in December, with a quote of $11550/ton as of the 28th, an increase of $400/ton compared to the same period last month.

In terms of the industrial chain, the antimony oxide market as a whole rose in December, with a slight recovery in overseas markets recently, which led to an improvement in the domestic market mentality and a slight increase in the spot market. At the end of the month, the downstream antimony oxide market slightly rebounded, and the export situation also improved compared to the previous period, driving the overall recovery of the raw material market. However, the downstream antimony oxide market still maintains on-demand procurement, providing strong support for the antimony ingot market.

In December, the antimony ingot market remained stable for the first half of the month and steadily increased in the second half, with an overall increase of 750 yuan/ton. The antimony ingot market has maintained a stable operation since October, with a strong supply-demand game mentality. It was not until the end of December, driven by downstream factors, that the stable trend of nearly two months was broken, and prices slightly increased. In terms of supply, recent changes have been limited, and mining supply remains 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 has recently slightly rebounded, and the export situation has also improved compared to the previous period, driving the overall recovery of the raw material market. Overall, at the end of the year, some companies had a demand for capital recovery and actively shipped goods, which led to an improvement in market trading sentiment. However, without clear guidance from the spot 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 and the performance of overseas markets in the future.

On December 28th, the non-ferrous index was 1111 points, an increase of 4 points from yesterday, a decrease of 27.76% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 83.03% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).