Previously, antimony prices experienced two rounds of significant declines in May and June. Currently, the overall market confidence in the industry is weak. After entering July, coupled with the influence of the traditional off-season consumption atmosphere in the industry, on-site prices have further weakened, and the overall market trading atmosphere is weak. The market has always been in a weak state of operation. From July 1st to 13th, 2026, the domestic 1 # antimony ingot market continued to decline, with an average market price of 116500 yuan/ton at the beginning of the month and 106000 yuan/ton on the 13th, a cumulative decrease of 9.01%.
| Gamma-PGA (gamma polyglutamic acid) |
Supply side:
Domestic antimony smelting enterprises have gradually started production reduction operations as market prices continue to decline, but the overall production reduction efforts are weak, and the overall contraction effect of spot supply in the market is not significant, making it difficult to offset the pressure brought by weak market demand. In terms of raw materials, the import volume of antimony concentrate in China was relatively concentrated in the first half of the year. At present, the import source is gradually decreasing. In addition, Myanmar’s main production areas are entering the rainy season, and local production may decrease. The amount of antimony raw materials arriving at ports in Southeast Asia is gradually decreasing. In the long run, there is an expectation of tightening raw material supply. But at present, there are many low-priced goods circulating in overseas markets, which has dragged down the sentiment of the domestic market.
Demand side:
Flame retardant materials account for about 55% of the traditional downstream demand for antimony, while glass accounts for about 15%. Antimony is an essential element in photovoltaic glass production and cannot be replaced. With the continuous development of China’s photovoltaic industry, the main increment of antimony metal in the future will be in the photovoltaic field. The current downstream market is in a low season of consumption, and many overseas countries are gradually entering the summer break period. The demand for overseas terminal consumption has entered a temporary trough, directly dragging down the overall volume of export orders. The purchasing mentality of downstream industries in China tends to be cautious and conservative, maintaining the supply of essential goods, and the overall market demand is weak.
Antimony oxide: Currently, the downstream market for antimony oxide is overall weak, and the off-season effect is prominent. Overseas terminal demand is experiencing a phased decline, with a significant decrease in foreign trade orders and weak performance in the export market. The market trend of domestic flame retardant sub sectors is differentiated, and downstream enterprises have a strong wait-and-see attitude. Their procurement behavior is highly cautious, and they only maintain small quantities of essential goods. The activity of on-site transactions continues to be low, making it difficult to form effective support for upstream antimony prices.
Photovoltaic: The demand for photovoltaic glass industry is weakening synchronously, the overall operating load in China continues to decline, the demand increment in overseas markets is insufficient, the export support is weak, and the overall production and sales pressure of the industry is relatively high. The procurement volume of antimony products continues to decrease, and the overall support on the demand side is insufficient.
Market forecast:
In the short term, the market lacks substantial positive momentum, and there is still room for antimony prices to decline in late July. In the medium to long term, as the rainy season in Myanmar continues to affect fermentation, the benefits of reduced raw material imports are gradually released. Coupled with the approaching traditional consumption peak season downstream, the market is expected to gradually bottom out and stabilize. In the future, the focus will be on the quantity of antimony raw materials arriving at ports, changes in photovoltaic industry operation, and the overall pace of downstream inventory replenishment.
| http://www.lubonchem.com/ |