Chinese bismuth ingot prices continue to rise
2013-12-20 08:52:23 [Print]
BEIJING (Asian Metal) 20 Dec 13 – Chinese domestic bismuth ingot prices continue to move up to RMB119,000-121,000/t (USD8.91-9.06/lb) now and the export prices increase to USD9.0-9.2/lb. The export market is quiet currently due to the coming Christmas and New Year holidays and market participants expect the market to see more orders in the first half of January next year. The real demand for bismuth ingot from the downstream industries sees no big improvement, and it is mainly the stockpile by some exchanges and big traders that pushes the prices up continuously.
A supplier in China, with a regular output of around 50tpm for bismuth ingot, told Asian Metal that they sell some bismuth ingot in small quantities at RMB120,500-121,000/t (USD9.02-9.06/lb) this week, which increased by RMB1,500/t (USD0.11/lb) against that of last week. The source claimed that the export market is in thin trading now due to the Christmas and New Year holidays, and the market is likely to see more orders in the firstly half of January. Currently, they quote bismuth ingot at over USD9.0/lb.
The source noted that Chinese bismuth ingot supply is tight in the spot market now as the stocks in some exchanges keep increasing and many suppliers are holding back from selling materials on the rising trend. However, the real demand from downstream consumers is weak.
A trader in China, with a regular trading volume of around 30tpm for bismuth ingot, reported that the mainstream offers for bismuth ingot from domestic plants increased to RMB120,000/t (USD8.98/lb) early this week and it is hard to purchase materials in large quantities at the level now. They are selling bismuth ingot at RMB121,000/t (USD9.06/lb) in small quantities like 1t or 2t, up by around RMB2,000/t (USD0.15/lb) against those of early last week.
The trader claimed that demand for bismuth ingot is stable. Several big traders began to make purchase actively from late November and the stocks in some exchanges also kept increasing, so the prices for bismuth ingot rose continuously recently. Looking ahead, the source thinks that Chinese bismuth ingot prices will increase further in the near future.
A supplier in China, with a regular output of around 50tpm for bismuth ingot, told Asian Metal that they sell some bismuth ingot in small quantities at RMB120,500-121,000/t (USD9.02-9.06/lb) this week, which increased by RMB1,500/t (USD0.11/lb) against that of last week. The source claimed that the export market is in thin trading now due to the Christmas and New Year holidays, and the market is likely to see more orders in the firstly half of January. Currently, they quote bismuth ingot at over USD9.0/lb.
The source noted that Chinese bismuth ingot supply is tight in the spot market now as the stocks in some exchanges keep increasing and many suppliers are holding back from selling materials on the rising trend. However, the real demand from downstream consumers is weak.
A trader in China, with a regular trading volume of around 30tpm for bismuth ingot, reported that the mainstream offers for bismuth ingot from domestic plants increased to RMB120,000/t (USD8.98/lb) early this week and it is hard to purchase materials in large quantities at the level now. They are selling bismuth ingot at RMB121,000/t (USD9.06/lb) in small quantities like 1t or 2t, up by around RMB2,000/t (USD0.15/lb) against those of early last week.
The trader claimed that demand for bismuth ingot is stable. Several big traders began to make purchase actively from late November and the stocks in some exchanges also kept increasing, so the prices for bismuth ingot rose continuously recently. Looking ahead, the source thinks that Chinese bismuth ingot prices will increase 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: %
