In July 2023, the domestic 1 # antimony ingot market will fluctuate downward. The average market price in East China will be 81250 yuan/ton on the first day and 76000 yuan/ton on the 28th, down 6.46%.

On July 26th, the antimony commodity index was 105.80, unchanged from yesterday, a decrease of 12.89% from the cycle’s highest point of 121.46 points (2023 March 15), and an increase of 125.20% from the lowest point of 46.98 points on December 24th, 2015. (Note: The cycle refers to 2012-09-08 present).

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 figure, it can be seen that the antimony ingot market has recently seen an upward trend before and after the Spring Festival. In March, prices fell broadly, while in April and May, the trend remained stable. After June, prices continued to decline for seven consecutive weeks.

In terms of external trading, the European strategic small metal antimony market continued to decline in July, with a quote of $11450/ton as of the 27th, a decrease of $400/ton compared to the same period last month.

In terms of the industrial chain, the antimony oxide market fell broadly in July following the trend of antimony ingots. Driven by the antimony ingot market, the monthly decrease was 5500 yuan/ton. Currently, market trading is light, downstream demand is generally weak, and future expectations are not good. Market prices have continued to decline.

In July, the antimony ingot market accelerated its decline. Under the supply and demand game of the past three months, the willingness of antimony ingot manufacturers to raise prices gradually declined. Some manufacturers adjusted their sales strategies to sell at reduced prices due to financial needs. However, downstream antimony oxide has performed poorly this month, with market transactions consistently weak. Market participants are generally bearish about the future market, with few market discussions and weak transactions. Antimony oxide manufacturers also have low intentions to purchase raw antimony ingots, which has a negative impact on the antimony ingot market mentality. The overseas situation is also not optimistic. The European region is about to enter a summer break, and overseas demand is expected to decline. The price of small metals in Europe has been continuously lowered by $400/ton for the month. Moreover, according to the latest export data, the export volume of antimony oxide and antimony ingots has decreased. The weakness of the overseas market has also affected the mentality of the domestic market, and the market’s outlook for the future is not good. Overall, the market demand is weak and the wait-and-see mentality is strong. It is difficult to improve the downstream demand market expectations, and in the case of low demand, the market performance is weak. In the future, the business society predicts that the antimony ingot market will continue to operate weakly.