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  • 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.Asian Metal Copyright61lb, up sharply against RMB125,000-126,500t USD9.Asian Metal Copyright54-9.61/lb), up sharply against RMB125,000-126,500/t (USD9.Asian Metal Copyright50lb before the Spring Festival holiday.Asian Metal Copyright39-9.50/lb) before the holiday.Asian Metal CopyrightBEIJING Asian Metal 13 Feb 14 - Chinese bismuth ingot prices continue to increase fast after the Spring Festival holiday January 31st to February 6th.Asian Metal Copyright 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.Asian Metal Copyright50lb before the Spring Festival holiday.Asian Metal Copyright46-9.50/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.Asian Metal Copyright50lb before the Spring Festival holiday.Asian Metal Copyright However, most plants do not make offers now, holding back from selling materials,” said the source.Asian Metal Copyright50lb before the holiday.Asian Metal Copyright
    Bismuth Ingot 99.99%min EXW China
    Unit:RMB/mt
    Bismuth Ingot 99.99%min EXW China RMB/mt
    China bismuth ingot producers' inventory statistics by province by month
    Unit: mt
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