The price of antimony products has risen sharply recently, and the rise in the domestic market has accelerated significantly. According to data from Steel Union, the latest price of 2# low-bismuth antimony ingot is 159,000 yuan/ton, up 6.7% from last week; 1# antimony ingot has been traded for 170,000, which has successfully broken through the previous high; on the foreign market, Fastmarkets 2# antimony ingot is quoted at 49050-51590 US dollars/ton, and the highest price has increased by 1390 US dollars/ton compared with last week. The foreign market price has exceeded 400,000 yuan/ton in RMB. In addition, antimony concentrate and oxides have also risen simultaneously. According to Baichuan Yingfu, the latest price of antimony oxide has risen to 138,010 yuan/ton, a weekly increase of 9.5%; the latest price of antimony concentrate is 137,025 yuan/ton, a weekly increase of nearly 8%.

CITIC Securities Research Report pointed out that antimony may be the strategic metal with the biggest structural supply and demand contradiction under the game between major powers. After the announcement of domestic antimony export control, it presented a cycle of "China controls the export of antimony products - the price of antimony in the foreign market rises - "flour is more expensive than bread", and the domestic import of foreign ore is reduced - the domestic market is short of antimony and the price rises", and this cycle is still continuing. In addition, the supply and demand pattern of antimony has also ushered in positive changes. On the supply side, the output of polar gold antimony may drop sharply, and the ore body structure of antimony above and gold below will definitely move down the center of antimony output. On the demand side, benefiting from the rush to install photovoltaics, the price of photovoltaic glass and components and other products has risen, and the demand for antimony for photovoltaics is about to recover. In addition, the price of SMM antimony flame retardant materials has begun to rise recently, and it is expected that the demand for antimony flame retardant will benefit from the recovery of the electronic cycle. On the whole, the rapid rise in antimony prices and the improvement of supply and demand have brought important investment opportunities to the antimony sector.

Currently, due to the increase in the daily output of domestic photovoltaic glass and the shortage of domestic antimony raw materials, the domestic antimony price has risen rapidly. At present, the domestic and foreign price gap has a convergence trend, but the difference is still large. Considering the current scarcity of imported ore and the fact that smelters have not yet fully resumed work, raw materials are in short supply. The price of raw ore continues to run at a high level, and the production cost remains high. Driven by the price increase sentiment, the purchasing willingness of downstream customers has increased. The market will show a situation of supply exceeding demand in the short term. The domestic antimony price is expected to remain strong in the short term.