Chinese domestic bismuth ingot offers rise while market slow
2013-11-27 17:15:55 [Print]
BEIJING (Asian Metal) 27 Nov 13 – The mainstream prices for Chinese bismuth ingot rose from RMB115,000-116,000/t (USD8.58-8.65/lb) to RMB116,000-118,000/t (USD8.65-8.81/lb) in the recent several days, and some suppliers were holding back from selling materials. Chinese bismuth export market saw more inquiries recently, while the domestic market remained slow as the demand kept weak.
A supplier in China, with a current output of around 60tpm for bismuth ingot, reported that the mainstream offers for bismuth ingot rose from RMB115,000/t (USD8.58/lb) in the first half of November to RMB116,000-117,000/t (USD8.65-8.73/lb) in the recent several days, but domestic market trading was thin and it was hard to seal deals at the level.
The source thinks that Chinese bismuth ingot prices will not see obvious increase in the near future as the year end approaches, and buyers incline to lower stocks and suppliers may face pressure of cash. They raised offers for bismuth ingot to RMB116,000/t (USD8.65/lb) last week, with no deals being concluded at the level, and finally sold a batch of the material at RMB115,000/t (USD8.58/lb).
A major bismuth ingot trader in China told Asian Metal that their purchasing price for bismuth ingot was RMB114,000-115,000/t (USD8.51-8.58/lb) in mid-November and the price rose to RMB117,000/t (USD8.73/lb) gradually in the recent several days. The source claimed that they do not make offers for bismuth ingot now as some plants even held back from selling materials and bismuth ingot prices are expected to rise further slightly. The source added that their target selling price is over RMB118,0000-120,000/t (USD8.81-8.96/lb).
The source claimed that Chinese bismuth ingot export market will see more orders in the following days before the Christmas holiday and bismuth ingot prices will go up further in the near future. However, domestic real demand sees no signal of picking up and buyers will not add stocks in large quantities in the year end, the bismuth ingot prices rising margin will not be large.
A supplier in China, with a current output of around 60tpm for bismuth ingot, reported that the mainstream offers for bismuth ingot rose from RMB115,000/t (USD8.58/lb) in the first half of November to RMB116,000-117,000/t (USD8.65-8.73/lb) in the recent several days, but domestic market trading was thin and it was hard to seal deals at the level.
The source thinks that Chinese bismuth ingot prices will not see obvious increase in the near future as the year end approaches, and buyers incline to lower stocks and suppliers may face pressure of cash. They raised offers for bismuth ingot to RMB116,000/t (USD8.65/lb) last week, with no deals being concluded at the level, and finally sold a batch of the material at RMB115,000/t (USD8.58/lb).
A major bismuth ingot trader in China told Asian Metal that their purchasing price for bismuth ingot was RMB114,000-115,000/t (USD8.51-8.58/lb) in mid-November and the price rose to RMB117,000/t (USD8.73/lb) gradually in the recent several days. The source claimed that they do not make offers for bismuth ingot now as some plants even held back from selling materials and bismuth ingot prices are expected to rise further slightly. The source added that their target selling price is over RMB118,0000-120,000/t (USD8.81-8.96/lb).
The source claimed that Chinese bismuth ingot export market will see more orders in the following days before the Christmas holiday and bismuth ingot prices will go up further in the near future. However, domestic real demand sees no signal of picking up and buyers will not add stocks in large quantities in the year end, the bismuth ingot prices rising margin will not be large.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
