Chinese bismuth ingot export price rise further
2013-09-17 09:02:32 [Print]
BEIJING (Asian Metal) 17 Sep 13 – After the short decrease in early September, Chinese bismuth ingot prices began to pick up again since last week. Chinese bismuth ingot prices also increase from USD7.8-8.0/lb FOB China in early September to USD8.1-8.3/lb FOB China in the recent several days and some transaction prices reached USD8.35/lb FOB China.
A major bismuth ingot supplier in China told Asian Metal that their prices for bismuth ingot increased slightly to RMB108,000/t (USD8.02/lb) late last week. In the export market, the source claimed that the mainstream prices rose from USD7.8/lb to USD8.1/lb last week and they also sealed some deals at USD8.2-8.3/lb.
“Overseas buyers came back to the market gradually and Chinese bismuth ingot export market saw more inquiries into September. The prices began to pick up again after the short decrease in early September.” said the source. “”
A bismuth supplier in China, with an output of around 60tpm, claimed that their bismuth ingot prices dropped from RMB111,000/t (USD8.24/lb) in late August to RMB106,000/t (USD7.87/lb) in the first week of September and the export prices also went down from USD8.0/lb to USD7.8/lb at the time. Chinese bismuth ingot prices began to increase again last week. They sealed deals for bismuth ingot at RMB110,000/t (USD8.17/lb) in the domestic market and USD8.25-8.35/lb FOB China in the export market in the recent several days.
The source noted that bismuth ingot market usually sees more purchasing activities home and abroad in September. The overall market trading increased and the bismuth ingot prices picked up again recently. Looking ahead, the source thinks that Chinese bismuth ingot prices will remain firm in the near future and whether the prices will increase sharply further or not depends on the demand situation.
A major bismuth ingot supplier in China told Asian Metal that their prices for bismuth ingot increased slightly to RMB108,000/t (USD8.02/lb) late last week. In the export market, the source claimed that the mainstream prices rose from USD7.8/lb to USD8.1/lb last week and they also sealed some deals at USD8.2-8.3/lb.
“Overseas buyers came back to the market gradually and Chinese bismuth ingot export market saw more inquiries into September. The prices began to pick up again after the short decrease in early September.” said the source. “”
A bismuth supplier in China, with an output of around 60tpm, claimed that their bismuth ingot prices dropped from RMB111,000/t (USD8.24/lb) in late August to RMB106,000/t (USD7.87/lb) in the first week of September and the export prices also went down from USD8.0/lb to USD7.8/lb at the time. Chinese bismuth ingot prices began to increase again last week. They sealed deals for bismuth ingot at RMB110,000/t (USD8.17/lb) in the domestic market and USD8.25-8.35/lb FOB China in the export market in the recent several days.
The source noted that bismuth ingot market usually sees more purchasing activities home and abroad in September. The overall market trading increased and the bismuth ingot prices picked up again recently. Looking ahead, the source thinks that Chinese bismuth ingot prices will remain firm in the near future and whether the prices will increase sharply further or not depends on the demand situation.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
