1、 Price trend

On March 8, the antimony commodity index was 58.64, unchanged from yesterday, down 42.69% from 102.32 (2012-10-16), the highest point in the cycle, and up 24.82% from 46.98, the lowest point on December 24, 2015. (Note: cycle refers to 2012-09-08 to now).

2、 Market analysis

Upstream and downstream: the price of antimony oxide Market is stable following the trend of antimony ingot on Wednesday. As of Friday, the average price of antimony trioxide is 99.5% at 37000 yuan / ton, and 99.8% at 39500 yuan / ton. The price is stable.

Domestic market: this week’s antimony ingot Market is relatively stable. After the sharp rise in February, this week’s price is relatively stable. The market in Hunan has not yet recovered. In the process of enterprise’s return to work, manufacturers are reluctant to sell. As of Friday, the average price of 2 × low bismuth antimony ingots is 41000 yuan / ton, 1 × antimony ingot is 41500 yuan / ton, 0 × antimony ingot is 42500 yuan / ton, and the average price of 2 × high bismuth antimony ingots is 36500 yuan / ton.

Industry: this week, the basic metals rose first and then suppressed. At the beginning of this week, under the expectation of the Fed’s interest rate cut, the dollar fell sharply, and the low recovery of the basic metals almost all recovered the losses of the previous Friday. However, with the Fed’s unexpected interest rate cut of 50 basis points, the market’s worries about the spread of the overseas epidemic will affect the global economy in the future have been repeated, and the metal surged back.

3、 Future prospects

The spread of global epidemic worries still make market bears ready to move, and guard against the coming of short again. However, as delivery approaches next week, there is a certain degree of resilience in China. The recovery of domestic production may stimulate the increase of bargain hunting, and more basic metals will show a weak and strong feature.