From May 26 to June 2, 2023, the antimony ingot market in East China remained stable for the time being. Last weekend, the price was at 82625 yuan/ton, and this weekend, the price was at 82625 yuan/ton, unchanged.

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 chart, it can be seen that the antimony ingot market has recently shown an upward trend before and after the Spring Festival. It entered a stable period after mid March, entered a downward channel in mid April, and the decline slowed down at the end of April. The trend remained stable in May, and prices entered an upward channel in June. After a brief period of stability in July, the market continued to decline again. After August, the market gradually stabilized and remained stable for 8 consecutive weeks. At the end of October, prices began to decline continuously, and after December, prices continued to recover, After three consecutive weeks of downward adjustments in mid to late March, the market remained stable for the time being.

This week, the price of European strategic small metal antimony has temporarily stabilized, with a price of $120050/ton as of June 2nd. Currently, the overall market atmosphere is on the wait-and-see side.

The antimony ingot market price was stable this week, and the supply side enterprises started to operate with little change. The overall operation was stable, and the manufacturers still maintained the attitude of being reluctant to sell and maintaining high prices. In terms of demand, there is still no significant improvement in terminal demand, and the antimony oxide market is operating weakly. Sales performance is still poor, and market trading is cold. Overall, although antimony ingot manufacturers are firmly supporting prices, the market transaction performance is not good, which is not conducive to enterprises withdrawing funds. However, downstream demand market expectations are difficult to improve, and the market performance is relatively weak under low demand. In the future, the business society predicts that the antimony ingot market will mainly operate in a stable and weak manner.

This week, the antimony oxide market has temporarily stabilized operation, with downstream construction generally stable. The demand for antimony ingots remains strong, while the intention to receive goods from upstream is weak, with most of them maintaining on-demand procurement.

1、 Price trend

According to the commodity analysis system of the business community, the price of imported potassium chloride in the domestic market fell sharply in May, from 3400.00 yuan/ton at the beginning of the month to 2850.00 yuan/ton at the end of the month, a decline of 16.18%. On May 30th, the potassium chloride (imported) commodity index was 92.06, unchanged from yesterday, a decrease of 47.27% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 58.04% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

From the supply side perspective, the prices of mainstream domestic potassium chloride distributors have significantly decreased this month At the end of the month, 62% of the port’s white potassium was around 2800 yuan/ton, 60% of the port’s red particles were around 3000 yuan/ton, and 62% of the border trade’s Russian white potassium was around 2400 yuan/ton, all of which showed a decrease. The potassium chloride port has a storage capacity of approximately 2.4 to 2.5 million tons.

From the demand side, the market price of potassium carbonate fell sharply this month, from 8620.00 yuan/ton at the beginning of the month to 8180.00 yuan/ton at the end of the month, a decrease of 5.10%, and the price at the end of the month fell 15.89% year-on-year. The factory price of potassium nitrate has significantly decreased this month, from 5475.00 yuan/ton at the beginning of the month to 5100.00 yuan/ton at the end of the month, a decrease of 6.85%, a year-on-year decrease of 32.45% compared to the same period last year. Overall, the downstream market for potassium chloride has experienced a significant decline. Agricultural demand has weakened, industrial demand is average, the market has entered the off-season, and downstream enthusiasm for purchasing potassium chloride has weakened.

3、 Future Market Forecast

In mid to early June, the trend of potassium chloride market may fluctuate slightly, with consolidation being the main trend. Salt Lake and Zangge potassium chloride prices have stabilized at low levels, with contracts being the main focus. Downstream agricultural demand weakens, industrial demand is average, and procurement is mainly on demand. Supply exceeds demand, and the price of potassium chloride may fluctuate and fall in the future.