SMM

According to SMM survey, China antimony ingot output (including antimony ingot, converted crude antimony, antimony cathode, etc.) in April 2023 was 7,258 mt, up 0.03% from March. The import volume of other antimony ores and concentrates in the first quarter of this year has reached 11,742.9 mt, which is almost double compared with 6,556.4 mt in the same period last year.

Therefore, many market participants expressed their concerns about whether antimony raw material resources will continue to be tight in the future as the influx of overseas ores may stop sellers from holding onto domestic cargoes, thereby leading to a continuous increase in the output of antimony products in the market. In April, many manufacturers began to increase production, returning to normal or resuming production. There were also some manufacturers that stopped production. This led to a slight increase in the overall output of antimony ingot in April.

The number of producers that cut or suspended production changed in April. Among the 33 respondents in SMM survey, 13 manufacturers suspended the production, flat from the previous month; 9 reduced their production, 5 fewer than in March; and 11 maintained normal production, 5 more than in March. SMM predicts that the domestic antimony ingot output in May will to grow from April.

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