After the Spring Festival, the antimony ingot market continued to develop, and the price went up all the way. In the environment of most non-ferrous products going down on March 1, the antimony ingot price stood out.
According to the price monitoring of the business community, on March 1, 2021, there were 5 kinds of commodities in the non-ferrous plate that rose month on month, among which there were 3 kinds of commodities that rose by more than 5%, accounting for 13.6% of the number of commodities monitored in the plate; the top 3 commodities that rose were dysprosium ferroalloy (5.79%), dysprosium oxide (5.56%) and antimony (5.29%). There were 8 kinds of commodities that declined on a month on month basis, and the top 3 products were lead (- 1.91%), silver (- 1.87%) and gold (- 1.40%). The average daily rise and fall was 0.32%. In addition to antimony, cobalt and rare earth products, other non-ferrous products prices fell.
Antimony related products will enter a new rising cycle after the opening of the festival. This round of rising is not only the continuation of the rising trend before the festival, but also the beginning of a new cycle. In view of the current market situation, the overall construction of domestic antimony mines is on the low side, and the shortage of supply has not changed significantly. At present, domestic manufacturers mainly rely on imported raw materials. Affected by foreign public health events, the situation of imported antimony ore is not optimistic. The overall decline in 2020 is about 30% compared with that in 2019. Coupled with the limited transport capacity during the Spring Festival, the main domestic antimony ingot manufacturers are in a state of shortage of raw materials, manufacturers are reluctant to sell, and the operating rate is generally low.
In the future, the business community believes that it is difficult to alleviate the short-term situation of tight supply at the ore end. When it is difficult for manufacturers to obtain raw materials, they can only continuously increase the ex factory price to achieve the purpose of reluctant to sell, so as to alleviate the pressure brought by the difficulty in obtaining raw materials. Therefore, the price of antimony ingot may start a new rising cycle.
related data
Antimony is a kind of small metal which is scarce in the world. It is called China’s four strategic resources together with rare earth, tungsten and tin. It is mainly affected by its wide use and irreplaceable. It is widely used in various flame retardant materials, alloys, glass, semiconductor components, medicine and chemical industry, national defense and military industry and other fields. In 2016, the Ministry of land and resources issued the national mineral resources planning (2016-2020), which included 24 minerals such as antimony in the strategic mineral catalogue.
According to the latest customs data, China’s import volume of antimony ingots in December 2020 was 117 tons, a year-on-year increase of about 83%, and the export volume decreased by about 70%.
| PVA |