Chinese bismuth ingot plants keep raising offers
2014-04-04 08:52:20 [Print]
BEIJING (Asian Metal) 4 Apr 14 - Chinese bismuth ingot plants claimed that the overall stocks in hand are few and keep raising offers. The prices for bismuth ingot are around RMB135,500-137,000/t (USD9.92-10.03/lb) presently.
A bismuth ingot supplier in China with an output of around 50tpm for bismuth ingot, reported that they received some orders from long-term customers recently at RMB136,000-137,000/t (USD9.95-10.03/lb), up further against the price of RMB135,000/t (USD9.88/lb) in late March. The orders will be fulfilled until April 20th.
“We could not supply materials to the spot market until late April. The overall inventory of bismuth ingot is low on the spot market now and many plants have few stocks in hand. I think the prices will go up further in the near future,” said the source.
A bismuth ingot supplier in China, with a current output of around 25tpm, told Asian Metal that they sold some bismuth ingot at RMB136,000/t (USD9.95/lb) on the spot market recently, and have few stocks in hand now.
The source claimed that Chinese bismuth ingot prices dropped in early March and they cleared stocks at RMB129,000-130,000/t (USD9.44-9.51/lb) at the time, for fear that the prices will drop further. However, some bismuth ingot plants in Hunan stopped production recently and the investment demand on the market increased, so bismuth ingot prices began to rebound.
A bismuth ingot supplier in China with an output of around 50tpm for bismuth ingot, reported that they received some orders from long-term customers recently at RMB136,000-137,000/t (USD9.95-10.03/lb), up further against the price of RMB135,000/t (USD9.88/lb) in late March. The orders will be fulfilled until April 20th.
“We could not supply materials to the spot market until late April. The overall inventory of bismuth ingot is low on the spot market now and many plants have few stocks in hand. I think the prices will go up further in the near future,” said the source.
A bismuth ingot supplier in China, with a current output of around 25tpm, told Asian Metal that they sold some bismuth ingot at RMB136,000/t (USD9.95/lb) on the spot market recently, and have few stocks in hand now.
The source claimed that Chinese bismuth ingot prices dropped in early March and they cleared stocks at RMB129,000-130,000/t (USD9.44-9.51/lb) at the time, for fear that the prices will drop further. However, some bismuth ingot plants in Hunan stopped production recently and the investment demand on the market increased, so bismuth ingot prices began to rebound.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' inventory to production ratio statistics by province by month
Unit: %
