SMM

According to customs data, China's antimony oxide exports in December 2025 reached 382.25 mt. On a monthly basis, exports increased significantly by 26.57% MoM from 302 mt in November. Although the current volume remains relatively low compared to normal export levels, many market participants indicate that antimony oxide exports have shown a marked improvement since November, following several months of exports hovering around several hundred mt. By December, antimony oxide exports continued to rise steadily, reflecting a strengthening willingness to export across the industry chain. While full-year antimony oxide exports for this year are expected to be substantially lower than last year, if overall antimony oxide exports begin to recover, it will have a positive impact on market confidence regarding antimony prices in 2026.