天风证券：锑冶炼市场或仍有一波探涨机会

Core Viewpoint - The current antimony smelting enterprises are in the early order delivery cycle, leading to a tightening supply situation. The market's main theme is price stability in the short term, with a potential for slight price adjustments in December due to weak order expectations. However, as the demand for inventory replenishment from downstream industries gradually releases before the Spring Festival, there may be another opportunity for price increases in the market [1]. Group 1 - Antimony smelting enterprises are currently experiencing a tightening supply situation due to being in the early order delivery cycle [1] - The market's main theme is price stability, with expectations of slight price adjustments in December due to weak order forecasts [1] - There is potential for a price increase opportunity as downstream inventory demand is expected to rise before the Spring Festival [1]