First, the price trend

This week (5.05-5.10) domestic 1# antimony ingot prices are lower, the domestic market early average price in 43250 yuan/ton, the weekend average price in 42250 yuan/ton, down 2.31%. The antimony commodity Index of May 10 was 58.82, down 0.69 points from yesterday, down 42.51% from 102.32 at the highest point in the cycle (2012-10-16), up 46.98 from its lowest point of 25.2% on December 24, 2015.

(Note: cycle refers to 2012-09-08 to date).

Second, the market analysis Upstream and downstream: antimony concentrate as of Friday domestic antimony sulfide Concentrate (Sb≥55%) market quotes in 34000-35000 yuan/metal tons, the average price of 34500 yuan/metal tons.

Hunan Area 50% Antimony Concentrate Market quotation range in 31500-33000 yuan/ton, the average price of 31750 yuan/ton; the price of antimony trioxide was lower in Wednesday, and by the end of the weekend SMM the average price of antimony trioxide was 99.5% in 37000 yuan/ton and 99.8% in 38500 yuan/ton. Domestic market: This week the price of antimony ingot is lower, as of Friday 2# high bismuth antimony ingot 39750 yuan/ton, 2# low bismuth antimony ingot 41000 yuan/ton, 1# antimony ingot 41500 yuan/ton, 0# antimony ingot 42500 yuan/ton.

Affected by the market downturn some manufacturers plan to overhaul, the market supply will be affected to a certain extent, but the actual inquiry situation is lower than 5.1 knots, the actual transaction is limited, poor shipping market wait-and-see sentiment is more intense. Nonferrous industry: This week, due to US President Trump’s “Twitter warning” about the progress of Sino-US trade talks, and determined to raise the tax on China’s imports of 200 billion of dollars to 25% in Friday, the Sino-US trade contradictions sharpened, market panic spread, global stock markets howling, a-shares plummeted, Shanghai index once lost the 2,900 point mark, Thousands of strands fell and stopped, commodities collectively weakened, and the basic metal floated green during the week. Next week, the United States and domestic data are still more, the data are still expected to be better, the foreign dollar may recover to bring new pressure, but domestic data or will boost market confidence, or will give the market a low recovery to stop the stable repair posture, next week will also enter the May delivery, metal spot will also follow the delivery rules and rhythm.

But the most important macro premise remains the outcome of the Sino-US trade war negotiations and the subsequent impact on the market

Third, the outlook of the aftermarket Domestic downstream demand is weak, some market people turn to export, but at present foreign spreads are limited, and can not form a support for the depressed domestic market. The market as a whole bearish sentiment is more intense, it is expected that the aftermarket will not rule out the possibility of continued lower.