Chinese bismuth ingot prices keep moving down
2013-09-10 09:03:41 [Print]
BEIJING (Asian Metal) 10 Sep 13 – Chinese bismuth ingot prices keep moving down slightly this week. The prices in the domestic market are around RMB106,000-107,000/t (USD7.87-7.95/lb) and the export prices are around USD7.6-8.0/lb.
A bismuth consumer, with a regular consumption of around 30tpm for bismuth ingot, told Asian Metal that they prepared some stocks of bismuth ingot at RMB93,000-94,000/t (USD6.91-6.98/lb) in early August and added some stocks at RMB106,000-107,000/t (USD7.87-7.95/lb) in mid-August. The source claimed that domestic bismuth ingot prices increased to RMB110,000/t (USD8.17/lb) in late August. According to the source, the offers for bismuth ingot were around RMB106,000-107,000/t (USD7.87-7.95/lb) in the recent several days.
The source added that they still have some stocks and the demand from downstream industries is stable. Moreover, Chinese bismuth ingot prices are decreasing and they do not intend to add stocks in a hurry.
An overseas bismuth ingot consumer claimed that the purchasing activities from overseas market are expected to increase in September and October after the summer vacation. While as the inventory in the market is large and the investment demand is low, Chinese bismuth ingot prices start to retreat into September.
The source reported that they purchased some bismuth ingot in a range of USD7.6-8.0/lb recently, and the offers for export used to reach USD8.0-8.2/lb in H2 August.
A bismuth consumer, with a regular consumption of around 30tpm for bismuth ingot, told Asian Metal that they prepared some stocks of bismuth ingot at RMB93,000-94,000/t (USD6.91-6.98/lb) in early August and added some stocks at RMB106,000-107,000/t (USD7.87-7.95/lb) in mid-August. The source claimed that domestic bismuth ingot prices increased to RMB110,000/t (USD8.17/lb) in late August. According to the source, the offers for bismuth ingot were around RMB106,000-107,000/t (USD7.87-7.95/lb) in the recent several days.
The source added that they still have some stocks and the demand from downstream industries is stable. Moreover, Chinese bismuth ingot prices are decreasing and they do not intend to add stocks in a hurry.
An overseas bismuth ingot consumer claimed that the purchasing activities from overseas market are expected to increase in September and October after the summer vacation. While as the inventory in the market is large and the investment demand is low, Chinese bismuth ingot prices start to retreat into September.
The source reported that they purchased some bismuth ingot in a range of USD7.6-8.0/lb recently, and the offers for export used to reach USD8.0-8.2/lb in H2 August.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
