Chinese bismuth ingot export prices keep rising
2013-10-15 09:01:14 [Print]
BEIJING (Asian Metal) 15 Oct 13 – With the increasing demand, Chinese bismuth ingot prices continue to rise this week. The mainstream prices for bismuth ingot go up by around RMB1,000/t (USD0.07/lb) to RMB114,000-116,000/t (USD8.46-8.61/lb) in the domestic market. As for export, the prices increase by around RMB0.1/lb further to USD8.5-8.7/lb this week.
A major bismuth ingot supplier in China reported that the mainstream prices for bismuth ingot rise by RMB1,000/t (USD0.07/lb) further to RMB116,000/t (USD8.61/lb) this week. Meanwhile, they conclude some deals for bismuth ingot at USD8.7/lb and a few deals at USD8.8/lb this week, up by around USD0.1/lb further against those of last week.
The source noted that the demand for bismuth ingot in both domestic and overseas markets increases into October and the prices keep rising. The source added that they intend to raise offers further.
A bismuth supplier in China, with a current output of around 60tpm for bismuth ingot, told Asian Metal that they conclude deals for bismuth ingot at RMB116,000/t (USD8.61/lb) this week, up by around RMB1,000/t (USD0.07/lb) against that of last week. They quote bismuth ingot at RMB118,000/t (USD8.76/lb) for inquiries in small quantities this week, with no deals being concluded yet. As for the export market, the source claimed that their prices rise further to USD8.7-8.8/lb this week.
They source noted that the supply is a bit tight in the spot market now and many suppliers are holding back from selling materials. Looking ahead, the source thinks that the bismuth market sees more inquiries and the prices are likely to go up further in the near future.
A major bismuth ingot supplier in China reported that the mainstream prices for bismuth ingot rise by RMB1,000/t (USD0.07/lb) further to RMB116,000/t (USD8.61/lb) this week. Meanwhile, they conclude some deals for bismuth ingot at USD8.7/lb and a few deals at USD8.8/lb this week, up by around USD0.1/lb further against those of last week.
The source noted that the demand for bismuth ingot in both domestic and overseas markets increases into October and the prices keep rising. The source added that they intend to raise offers further.
A bismuth supplier in China, with a current output of around 60tpm for bismuth ingot, told Asian Metal that they conclude deals for bismuth ingot at RMB116,000/t (USD8.61/lb) this week, up by around RMB1,000/t (USD0.07/lb) against that of last week. They quote bismuth ingot at RMB118,000/t (USD8.76/lb) for inquiries in small quantities this week, with no deals being concluded yet. As for the export market, the source claimed that their prices rise further to USD8.7-8.8/lb this week.
They source noted that the supply is a bit tight in the spot market now and many suppliers are holding back from selling materials. Looking ahead, the source thinks that the bismuth market sees more inquiries and the prices are likely to go up further in the near future.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
