Chinese bismuth ingot prices see further rise
2014-08-01 08:45:02 [Print]
BEIJING (Asian Metal) 1 Aug 14 - Chinese bismuth ingot prices moved up further to RMB150,500-152,000/t (USD11.03-11.14/lb) late this week, a further rise of RMB1,000/t (USD0.07/lb) against those of last week. It is still difficult to obtain materials on the spot market at the moment.
A major bismuth ingot trader in China claimed that the mainstream purchasing prices for bismuth ingot were RMB152,000/t (USD11.14/lb) from plants late this week, up by RMB500/t (USD0.036/lb) further against those of early this week, and some plants held offers at RMB153,000/t (USD11.21/lb). They are mainly working on some long-term orders as a reaction to the difficulty in replacement and quote the material at RMB154,000/t (USD11.29/lb) for inquiries on the spot market.
The source noted that due to the tight supply and the potential increase in demand from overseas market after the summer vacation, Chinese bismuth ingot prices will increase further in the near future. They now quote bismuth ingot at around USD11.1-11.2/lb CIF Europe.
A bismuth oxide producer in China, with a regular consumption of around 70tpm for bismuth ingot, claimed that they mainly rely on long-term orders to satisfy their demand for bismuth ingot and it is hard to purchase the materials on the spot market. Their purchasing prices for bismuth ingot based on long-term orders are RMB150,000-151,000/t (USD11-11.07/lb) now, while the offers on the spot market are around RMB152,000/t (USD11.14/lb).
The source noted that it is the stockpiling in some exchanges in China that pushes bismuth ingot prices to increase sharply and the demand from bismuth oxide market is weak. Their prices for bismuth oxide are around RMB150,000-151,000/t (USD11-11.07/lb) now, with little profit under the current bismuth ingot prices.
A major bismuth ingot trader in China claimed that the mainstream purchasing prices for bismuth ingot were RMB152,000/t (USD11.14/lb) from plants late this week, up by RMB500/t (USD0.036/lb) further against those of early this week, and some plants held offers at RMB153,000/t (USD11.21/lb). They are mainly working on some long-term orders as a reaction to the difficulty in replacement and quote the material at RMB154,000/t (USD11.29/lb) for inquiries on the spot market.
The source noted that due to the tight supply and the potential increase in demand from overseas market after the summer vacation, Chinese bismuth ingot prices will increase further in the near future. They now quote bismuth ingot at around USD11.1-11.2/lb CIF Europe.
A bismuth oxide producer in China, with a regular consumption of around 70tpm for bismuth ingot, claimed that they mainly rely on long-term orders to satisfy their demand for bismuth ingot and it is hard to purchase the materials on the spot market. Their purchasing prices for bismuth ingot based on long-term orders are RMB150,000-151,000/t (USD11-11.07/lb) now, while the offers on the spot market are around RMB152,000/t (USD11.14/lb).
The source noted that it is the stockpiling in some exchanges in China that pushes bismuth ingot prices to increase sharply and the demand from bismuth oxide market is weak. Their prices for bismuth oxide are around RMB150,000-151,000/t (USD11-11.07/lb) now, with little profit under the current bismuth ingot prices.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
