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On February 24, the BR Market Was Weak

February 28, 2022

Latest company news about On February 24, the BR Market Was Weak

Price trend

From February 17 to February 24, 2022, the market price of antimony ingots in East China increased. The price at last weekend was 75,750 RMB/ton, and the price at this weekend was 77,500 RMB/ton, a weekly increase of 2.31%.

Analysis review

The domestic antimony ingot prices continued to rise this week. With the resumption of work of most enterprises and the recovery of logistics, the market transactions became more active, and the market prices mainly rose. The seller's reluctance to sell has been strengthened recently, the market transaction was relatively warm, the market price wais higher, and a small amount of downstream replenishment transactions were completed, and the overall market transaction was still relatively deserted. The purchases were still based on demand, and the overall transaction was limited

Market outlook

It is expected that the market price will continue to be stable and tend to rise, and the market outlook should focus on the resumption of production of related enterprises.

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