SunSirs: Supply is Expected to Tighten, Price of Antimony Ingot in the Chinese Market Rose Slightly (January 28-February 10)
From January 28 to February 10, 2022, the market price of antimony ingot in East China was temporarily stable. The price last weekend was 74,500 yuan/ton, and the price this weekend was 75,000 yuan/ton, an increase of 500 yuan/ton.The antimony ingot market has entered a period of turbulence and consolidation since the end of November. The market has a strong game mentality. Some businesses have a demand for cash back near the New Year’s Eve. Therefore, they have reduced their prices and sold them a year ago. The downstream manufacturers entered the holiday earlier, and the overall market transaction was limited. The market opened after the holiday, and the downstream market did not return to the market for the time being, but the production of mainstream enterprises in Guangxi on the supply side was affected to a certain extent, and the market supply was expected to decline, and the price of antimony ingot began to rebound slightly. However, the downstream purchase intention is slightly lower, and it is still based on demand, and the overall transaction is limited. The market outlook will focus on the resumption of production of related enterprises.