From January 8th to January 15th, 2024, the antimony ingot market in East China slightly increased, with prices this week at 87250 yuan/ton, up 3.25%.

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 been continuously rising in recent times.

This week, the price of European strategic small metal antimony has declined, reaching $12150/ton as of January 15th, up $500/ton. Currently, supply is tight and the market atmosphere is strong.

The antimony ingot market has maintained a relatively stable operation since October and continued until mid December. Starting from mid December, the antimony ingot market has continuously increased, reaching 87250 yuan/ton this week. From the perspective of supply and demand, the supply side has been affected by the increasing difficulty of importing antimony ore from overseas. Recently, the situation of tight supply at the domestic mining end has been more obvious, and the reluctance of smelters to sell has further strengthened. Factory prices have been reported high, and the overall sentiment in the spot market is also strong. In terms of demand, with the digestion of inventory in the early stage and the reluctance of smelters to sell, the demand for replenishment in downstream industries such as antimony oxide has begun to increase. Inquiries about antimony ingots are active, and as the Spring Festival holiday approaches, downstream enterprises generally have stocking needs. Currently, they are actively purchasing, and market trading has significantly improved. Overall, the antimony ingot market has a tight supply and good demand. With the dual benefits of supply and demand, it is expected that the antimony ingot market will maintain a strong trend in the short term.

This week, the antimony oxide market followed the overall upward trend of antimony ingots, with an increase of about 2000 yuan/ton during the week. At present, the domestic spot market atmosphere is good, and overseas sales are showing positive performance. Antimony oxide enterprises have sufficient procurement plans in the near future and are actively inquiring about antimony ingots. The market supply is tight, and the market atmosphere is strong.

On January 14th, the antimony commodity index was 121.46, unchanged from yesterday and reaching a new historical high within the cycle, up 158.54% from the lowest point of 46.98 on December 24th, 2015. (Note: The cycle refers to 2012-09-08 present).

On January 14th, the base metal index was 1166 points, unchanged from yesterday, a decrease of 27.85% from the highest point in the cycle of 1616 points (2022-03-09), and an increase of 81.62% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to 2011-12-01 present).

On January 14th, the non-ferrous index was at 1096 points, unchanged from yesterday, a decrease of 28.74% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 80.56% 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, in the second week of 2024 (1.8-1.12), there were a total of 5 commodities in the non-ferrous sector that showed a month on month increase in commodity prices. The top 3 commodities with the highest increase were nickel (3.90%), antimony (3.25%), and lead (2.16%). There are a total of 15 products with a month on month decline, and 4 products with a decline of more than 5%, accounting for 16.7% of the monitored products in this sector; The top three products with a decline were dysprosium iron alloy (-14.09%), dysprosium oxide (-13.71%), and metallic dysprosium (-13.33%). The average increase and decrease this week is -2.45%.