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Antimony Market Weekly Review 0201-0205

Time: 2021-02-07
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Antimony: Near the Spring Festival, antimony prices are stable


As the Spring Festival approaches, the antimony market has basically entered a stable state this week. Although the market’s bullish sentiment is still strong, since this week is the theoretically last trading week before the Spring Festival, this Friday is for some southern cities such as Hunan. It is a small year in the traditional sense. After the small year, a large number of companies will basically suspend work. Coupled with the impact of the epidemic, many companies have taken early holidays. In addition, logistics has basically stopped business outside the province this week, and the market has maintained a rational state under the state of price and no market, and smoothly spent the garbage trading time before the Spring Festival. At the beginning of this week, there are still many quotations and inquiries, but from the actual situation, the enthusiasm of merchants to buy and sell is not high.

Antimony Market Weekly Review 0201-0205

In terms of antimony ingots, the average price of SMM antimony as of the weekend: 2# low bismuth antimony ingot 48,500 yuan/ton, 1# antimony ingot 50,000 yuan/ton, 0# antimony ingot 51,000 yuan/ton, 2# high bismuth antimony ingot average price 43,500 yuan/ton The price remains unchanged compared to last week. As for the market price of antimony oxide this Wednesday, as of the end of the week, the average price of SMM antimony trioxide was 99.5% at 45,000 yuan/ton and 99.8% at 46,000 yuan/ton, unchanged from last week. It is expected that the market will not change much in the remaining three trading days next week.

Market forecast next week: 20% probability of rising, 80% probability of steady, 0% probability of falling



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