Chinese bismuth ingot prices continue the up-moving trend
2013-12-19 08:48:20 [Print]
BEIJING (Asian Metal) 19 Dec 13 – Chinese bismuth ingot prices keep the up-moving trend and the mainstream prices reach RMB119,000-121,000/t (USD8.91-9.06/lb). Many suppliers are holding back from selling materials now.
A trader in South China, with a regular trading volume of around 20tpm for bismuth ingot, told Asian Metal that they seal some deals in small quantities of bismuth ingot at RMB120,500-121,000/t (USD9.02-9.03/lb) in the spot market this week, up by RMB1,000/t (USD0.07/lb) against that of last week. The source claimed that they have a few stocks of bismuth ingot purchased at RMB116,000/t (USD8.68/lb) in early December and intend to add some stocks.
“The prices are moving up and many suppliers are holding back from selling materials. Several major traders were making purchasing actively recently. The supply for bismuth ingot in the spot market is tight now and I think the purchasing price from plants should be around at least RMB119,000-120,000/t (USD8.91-8.98/lb) now,” said the source.
A major bismuth ingot supplier in China reported that they purchased some bismuth ingot at RMB118,000/t (USD8.83/lb) last week and sold a few materials at RMB120,000/t (USD8.98/lb) in the spot market early this week, up by RMB500-1,000/t (USD0.03-0.07/lb) further compared with the transaction price of late last week. In the export market, the source claimed that they do not intend to sell bismuth ingot at below USD9.0/lb now.
The source added that Chinese bismuth ingot export market is inactive now due to the Christmas and New Year holidays, and the market may see more orders in the first half of January before Chinese Spring Festival holiday.
A trader in South China, with a regular trading volume of around 20tpm for bismuth ingot, told Asian Metal that they seal some deals in small quantities of bismuth ingot at RMB120,500-121,000/t (USD9.02-9.03/lb) in the spot market this week, up by RMB1,000/t (USD0.07/lb) against that of last week. The source claimed that they have a few stocks of bismuth ingot purchased at RMB116,000/t (USD8.68/lb) in early December and intend to add some stocks.
“The prices are moving up and many suppliers are holding back from selling materials. Several major traders were making purchasing actively recently. The supply for bismuth ingot in the spot market is tight now and I think the purchasing price from plants should be around at least RMB119,000-120,000/t (USD8.91-8.98/lb) now,” said the source.
A major bismuth ingot supplier in China reported that they purchased some bismuth ingot at RMB118,000/t (USD8.83/lb) last week and sold a few materials at RMB120,000/t (USD8.98/lb) in the spot market early this week, up by RMB500-1,000/t (USD0.03-0.07/lb) further compared with the transaction price of late last week. In the export market, the source claimed that they do not intend to sell bismuth ingot at below USD9.0/lb now.
The source added that Chinese bismuth ingot export market is inactive now due to the Christmas and New Year holidays, and the market may see more orders in the first half of January before Chinese Spring Festival holiday.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
