From November 10 to November 17, 2023, the antimony ingot market in the East China region slightly decreased. This weekend, the price was at 81500 yuan/ton, a decrease of 250 yuan/ton, a decrease of 1.21%.

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 recent trend of the antimony ingot market has been relatively stable, with a significant downward trend in prices this week.

This week, the price of European strategic small metal antimony fell, reaching $11150 per ton as of November 17th. The price has been continuously lowered during the cycle, leading to a weak market atmosphere and dragging down the domestic market mentality.

Prior to the supply and demand game, the antimony ingot market remained temporarily stable for 6 consecutive weeks. After a stalemate for a month and a half, the market balance was disrupted, and the antimony ingot market fell by 250 yuan/ton per week, a decrease of 1.21%. Overall, the current changes in supply and demand are limited, and the supply at the mining end is still tight. The overall supply of antimony ingot market is slightly tight, but the factors of tight supply at the mining end have been basically digested by the market, so the current impact on the market is relatively limited. In terms of demand, the downstream market maintains a rigid demand for procurement, while the downstream market maintains a rigid demand support for antimony ingots. The recent poor performance of overseas markets has led to a continuous decline in market prices, which has affected the mentality of the domestic market and caused a slight decline in the domestic market. Overall, the antimony ingot market remains weak in both supply and demand, with a strong supply-demand game mentality. The market has narrowed this week, and it is expected that the antimony ingot market will operate weakly in the short term.

This week, the antimony oxide market is following the downward trend of the raw material market. Currently, the market is in a strong wait-and-see mood, with average overseas sales performance and overall weak market expectations. Antimony oxide enterprises are maintaining demand procurement for antimony ingots, and are expected to operate weakly in the short term.

On November 19th, the non-ferrous index stood at 1109 points, unchanged from yesterday, a decrease of 27.89% from the cycle’s highest point of 1538 points (2021-10-18), and an increase of 82.70% from the lowest point of 607 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were five commodities in the non-ferrous sector that rose month on month in the 46th week of 2023 (11.13-11.17) commodity price rise and fall list, with silver (3.97%), copper (1.29%), and lead (1.15%) ranking among the top three commodities. There are a total of 15 products that have decreased compared to the previous month, with the top 3 products falling respectively being dysprosium metal (-3.69%), dysprosium iron alloy (-3.14%), and nickel (-3.00%). This week’s average increase or decrease was -0.96%.