From March 10 to March 17, 2022, the market price of antimony ingots in East China increased. The price at last weekend was 81,250 RMB/ton, and the price at this weekend was 82,750 RMB/ton, a weekly increase of 1.85%.
Analysis review
The price of antimony ingot continued to rise this week. The market was affected by the conflict between Russia and Ukraine, and the market mentality became tense. Driven by this mentality, the seller's reluctance to sell became stronger, and the market trading was more active, which further boosted the seller's price increase mentality.
Recently, some downstream demand has also been released. Affected by the high price, the purchasing mentality was mainly purchased on demand. The overall transaction in the market was acceptable, and it was still based on demand.The price of external disk was also mainly upward this week. On the 17th, the European strategic small metal antimony ingot (99.65%) rose to 15,000 US dollars/ton, an increase of 350 US dollars/ton from last week.
Market outlook
Under the overall strong market mentality, it is expected that the market price will continue to maintain a stable and strong trend.
