Chinese bismuth ingot price increases sharply

BEIJING (Asian Metal) 18 Sep 15 - Chinese bismuth ingot price stabilized and picked up gradually in the second half of August and the mainstream price for bismuth ingot 99.99%min increased to RMB71,000-73,000/t (USD5.Asian Metal Copyright The trader noted that bismuth ingot offer increased too fast this week and most suppliers were holding back from selling, while many consumers could not accept it as the demand for their products saw no increase.Asian Metal Copyright07-5.21/lb) in the end of last week.Asian Metal Copyright99%min this week.Asian Metal Copyright Sources claimed that it is hard to purchase the material on the spot market this week.Asian Metal Copyright “As I learned, the downstream demand for bismuth ingot does not see obvious improvement.Asian Metal Copyright Most suppliers hold back from selling materials and a few suppliers raise offers sharply.Asian Metal Copyright92lb, however, no deals were concluded,” said a trader in China.Asian Metal Copyright The mainstream offer for bismuth ingot 99.99%min rose to RMB77,000/t (USD5.49/lb) early this week and further to RMB82,000/t (USD5.81/lb) late this week. The transaction price reached RMB76,000-78,000/t (USD5.Asian Metal Copyright99%min rose to RMB77,000t USD5.Asian Metal Copyright42-5.57/lb) late this week, and buyers were hesitant in adding stocks at higher price as real demand showed no obvious increase.

“We planned to buy 5t of bismuth ingot 99.99%min this week. Several regular suppliers were unwilling to sell materials now and a new supplier insisted on RMB82,000/t (USD5.81/lb) late this week,” said a consumer in China. They purchased 5t of bismuth ingot at RMB65,000/t (USD4.64/lb) in mid-August and another 5t at RMB68,500/t (USD4.89/lb) in late August.Asian Metal Copyright Suppliers raise offer so fast this week, but we think there is no momentum to push up the price to the level shortly.Asian Metal Copyright “As I learned, the downstream demand for bismuth ingot does not see obvious improvement.Asian Metal Copyright99%min this week.Asian Metal Copyright Suppliers raise offer so fast this week, but we think there is no momentum to push up the price to the level shortly.Asian Metal Copyright49lb early this week and further to RMB82,000t USD5.Asian Metal Copyright We intend to watch the market temporarily,” added the consumer.

The consumer used 5t of bismuth ingot 99.99%min in August and the demand will keep at 5t in September.Asian Metal Copyright Several regular suppliers were unwilling to sell materials now and a new supplier insisted on RMB82,000t USD5.Asian Metal Copyright They still have a few stocks in hand, which could satisfy their demand after the National Day holiday (October 1st to 7th), and do not intend to add stocks in a hurry.

“We asked many producers and could not get the price of below RMB80,000/t (USD5.71/lb) for bismuth ingot 99.Asian Metal Copyright We received several inquiries of 2t or 5t for the material late this week and quoted it at RMB83,000t USD5.Asian Metal Copyright99%min this week. We received several inquiries of 2t or 5t for the material late this week and quoted it at RMB83,000/t (USD5.92/lb), however, no deals were concluded,” said a trader in China.Asian Metal Copyright42-5.Asian Metal Copyright The trader noted that bismuth ingot offer increased too fast this week and most suppliers were holding back from selling, while many consumers could not accept it as the demand for their products saw no increase.

With a regular trading volume of around 25tpm for bismuth ingot 99.99%min, the trader built a stock of 12t of the material at RMB68,000/t (USD4.85/lb) in late August, and sold them out at RMB75,000/t (USD5.35/lb) in the end of last week.Asian Metal Copyright “We planned to buy 5t of bismuth ingot 99.Asian Metal Copyright They hold no stocks in hand currently and do not intend to make purchase before receive new orders, thinking the market is risky.
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