First, the price trend

April 2019 Domestic 1# Antimony ingot Market shock lower, the domestic market average price at the beginning of 45400 yuan/ton, the weekend in 43250 yuan/ton, the decline of 4.74%. The antimony commodity Index of May 1 was 60.21, the same as yesterday, down 41.16% from 102.32 at the highest point in the cycle (2012-10-16), up 28.16% from the lowest 46.98 point on December 24, 2015.

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

Second, the market analysis Upstream and downstream: by the antimony ingot market dragged down, the antimony oxide markets lower this month, the end of the month of antimony trioxide average price of 99.5% in 38500 yuan/ton, 99.8% in 39750 yuan/ton, market procurement is limited, sporadic transactions mainly, downstream wait-and-see sentiment, by the capital pressure, eager to partially ship cash, Therefore, the original high offer to reduce and close to the actual market can be sold within the price range; antimony concentrate on the downstream antimony ingot market impact, inventory digestion is slow, the end of the end of the domestic antimony sulfide concentrate (Sb≥55%) market quoted in 34000-35000 yuan/metal tons, the average price of 34500 yuan/metal tons.

Hunan Area 50% Antimony Concentrate Market quotation range in 32500-34000 yuan/ton, the average price of 32750 yuan/ton. Domestic market: This month, antimony ingot market shock low decline in 4.74%, this month although manufacturers and traders have a price sentiment, but by the actual transaction bad pressure, downstream to the aftermarket is still bearish, buy not strong, low prices. On the supply side, the Lengshuijiang area gradually resumed construction in mid-April, but the supply did not improve significantly and the start rate was low.

End of month # High bismuth antimony ingot 42250 yuan/ton, 2# low bismuth antimony ingot 43500 yuan/ton, 1# antimony ingot 44000 yuan/ton, 0# antimony ingot 45000 yuan/ton.

Third, the outlook of the aftermarket At present, the market atmosphere is low, the field traders on the aftermarket most look down, May focus on inventory situation, if the inventory can be digested, the antimony ingot market will be partially improved.