From December 18 to December 25, 2023, the antimony ingot market in East China slightly decreased, with prices this week at 81000 yuan/ton, up 0.62%.

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 25th, the price remained stable at $11350 per ton. Currently, the market atmosphere is weak.

The antimony ingot market has remained relatively stable since October, with a slight rebound in prices this week, and a slight increase of about 500 yuan/ton in the spot market. The supply side has not changed much this week, and the supply at the mining end is still tight. However, this news has been basically 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 rebounded slightly, and the export situation has also improved to some extent compared to the previous period, driving the overall recovery of the raw material market. However, the downstream antimony oxide market still maintains procurement, providing strong demand support for the antimony ingot market. Overall, the supply of antimony ingots in the market is tight, with downstream rigid demand support. At the end of the year, some companies had a demand for funds to be withdrawn, and spot market trading slightly improved. 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.

This week, the antimony oxide market has slightly increased by about 500 yuan/ton following the trend of antimony ingots. Currently, the market is in a wait-and-see attitude, and overseas sales have slightly improved. Currently, antimony oxide enterprises are maintaining a rigid demand for antimony ingots, and it is expected to remain relatively stable in the short term.

On December 24th, the non-ferrous index was 1102 points, unchanged from yesterday, a decrease of 28.35% from the highest point in the cycle of 1538 points (2021-10-18), and an increase of 81.55% 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 51st week of 2023 (12.18-12.22), there were a total of 9 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 aluminum (2.48%), silver (1.99%), and zinc (1.85%). There are a total of 10 products with a month on month decline, and the top 3 products with the largest decline are dysprosium metal (-3.06%), praseodymium neodymium alloy (-2.71%), and dysprosium oxide (-2.62%). The average increase and decrease this week is -0.22%.