Chinese bismuth ingot prices rise further
2014-02-13 08:46:33 [Print]
BEIJING (Asian Metal) 13 Feb 14 - Chinese bismuth ingot prices continue to increase fast after the Spring Festival holiday (January 31st to February 6th). Currently, the prices for bismuth ingot are around RMB127,000-128,000/t (USD9.54-9.61/lb), up sharply against RMB125,000-126,500/t (USD9.39-9.50/lb) before the holiday. Buyers reported that most bismuth ingot suppliers are holding back from selling materials now and it is hard to purchase the materials in large quantities in the spot market.
A supplier in China, with an output of around 50tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB126,000/t (USD9.46/lb) to regular customers in late January before the Spring Festival holiday and they do not make offers currently. The source noted that the prices for bismuth ingot increase to RMB128,000/t (USD9.61/lb) and some suppliers even raise offers to RMB130,000/t (USD9.76/lb) this week.
The source thinks that Chinese bismuth ingot prices will rise further in the near future as plants are unwilling to sell materials in large quantities and the stocks in some Asian exchanges are likely to keep increasing. With a stock of around 100t in hand, they do not intend to sell materials in a short term.
A trader in China, with a regular trading volume of around 30tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB128,000-129,000/t (USD9.61-9.69/lb) to downstream consumers in the recent several days, up further against RMB126,000-126,500/t (USD9.46-9.50/lb) before the Spring Festival holiday.
“We have some stocks in hand. It seems that the prices will keep increasing in the near future and we intend to add some stocks. However, most plants do not make offers now, holding back from selling materials,” said the source.
A supplier in China, with an output of around 50tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB126,000/t (USD9.46/lb) to regular customers in late January before the Spring Festival holiday and they do not make offers currently. The source noted that the prices for bismuth ingot increase to RMB128,000/t (USD9.61/lb) and some suppliers even raise offers to RMB130,000/t (USD9.76/lb) this week.
The source thinks that Chinese bismuth ingot prices will rise further in the near future as plants are unwilling to sell materials in large quantities and the stocks in some Asian exchanges are likely to keep increasing. With a stock of around 100t in hand, they do not intend to sell materials in a short term.
A trader in China, with a regular trading volume of around 30tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB128,000-129,000/t (USD9.61-9.69/lb) to downstream consumers in the recent several days, up further against RMB126,000-126,500/t (USD9.46-9.50/lb) before the Spring Festival holiday.
“We have some stocks in hand. It seems that the prices will keep increasing in the near future and we intend to add some stocks. However, most plants do not make offers now, holding back from selling materials,” said the source.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
