Chinese bismuth ingot supply keeps tight, prices up further
2013-12-24 08:42:29 [Print]
BEIJING (Asian Metal) 24 Dec 13 – Chinese bismuth ingot supply remains tight in the spot market. Some major traders keep purchasing actively and the stocks in some Asian exchanges continue to increase. Market participants expect the bismuth ingot prices to rise further in the near future.
A bismuth ingot supplier in China, with an output of around 60tpm, told Asian Metal that they in total sold 65t of bismuth ingot to a major trader at RMB121,000/t (USD9.06/lb) late last week, up by RMB1,000/t (USD0.07/lb) against that of early last week. They now have a few stocks in hand and do not intend to sell materials in the near future.
The source predicts that Chinese bismuth ingot prices will rise to RMB125,000/t (USD9.36/lb) before the Spring Festival holiday as a reaction to the tightening availability of material in the spot market.
A bismuth ingot supplier in China, with an output of around 40tpm, reported that they sold some bismuth ingot at RMB119,000-120,000/t (USD8.91-8.98/lb) in mid-December and the prices increased to around RMB121,000/t (USD9.06/lb) in the spot market in the recent several days. The source noted that as some traders were active in purchasing in the recent several weeks, Chinese bismuth ingot supply was tight and prices went up. They do not intend to sell the stocks of bismuth ingot at below RMB125,000/t (USD9.36/lb) in a short term and incline to watch the market for a while.
The source added that the prices for crude bismuth also increased to RMB102,000-103,000/t (USD7.63-7.71/lb) VAT excluded recently.
A bismuth ingot supplier in China, with an output of around 60tpm, told Asian Metal that they in total sold 65t of bismuth ingot to a major trader at RMB121,000/t (USD9.06/lb) late last week, up by RMB1,000/t (USD0.07/lb) against that of early last week. They now have a few stocks in hand and do not intend to sell materials in the near future.
The source predicts that Chinese bismuth ingot prices will rise to RMB125,000/t (USD9.36/lb) before the Spring Festival holiday as a reaction to the tightening availability of material in the spot market.
A bismuth ingot supplier in China, with an output of around 40tpm, reported that they sold some bismuth ingot at RMB119,000-120,000/t (USD8.91-8.98/lb) in mid-December and the prices increased to around RMB121,000/t (USD9.06/lb) in the spot market in the recent several days. The source noted that as some traders were active in purchasing in the recent several weeks, Chinese bismuth ingot supply was tight and prices went up. They do not intend to sell the stocks of bismuth ingot at below RMB125,000/t (USD9.36/lb) in a short term and incline to watch the market for a while.
The source added that the prices for crude bismuth also increased to RMB102,000-103,000/t (USD7.63-7.71/lb) VAT excluded recently.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
