Chinese bismuth ingot price keep going up

BEIJING (Asian Metal) 22 Sep 15 - Chinese bismuth ingot 99.99%min increased sharply to RMB79,000-81,000/t (USD5.Asian Metal Copyright99%min last week, while they only sold 10t to a regular customer at RMB82,000t USD5.Asian Metal Copyright64-5.78/lb) last week and kept moving up on Monday. Most suppliers did not make quotations, unwilling to sell materials, and some raised offer further to RMB82,000-85,000/t (USD5.Asian Metal Copyright64lb on last Thursday from a regular supplier.Asian Metal Copyright85-6.07/lb). The transaction price on Monday reached RMB80,000-82,000/t (USD5.Asian Metal CopyrightBEIJING Asian Metal 22 Sep 15 - Chinese bismuth ingot 99.Asian Metal Copyright71-5.85/lb) and it is expected that the price will go up slightly later this week as it is hard to purchase materials in large quantities on the spot market.

“We sent inquiry of 8t of bismuth ingot 99.99%min late last week. Most suppliers were holding back from selling materials and we finally purchased the material at RMB79,000/t (USD5.64/lb) on last Thursday from a regular supplier. The quotations for it increased further to RMB82,000-84,000/t (USD5.Asian Metal Copyright75lb in mid-August.Asian Metal Copyright85-5.99/lb) on this Monday,” said a consumer in China.Asian Metal Copyright “We sent inquiry of 8t of bismuth ingot 99.Asian Metal Copyright The consumer noted that most bismuth ingot suppliers’ inventory cost is high and most of them are unwilling to sell materials now, pushing up the price, however, the demand for their end products sees no improvement and they do not intend to add stocks in large quantities in a hurry.

Chinese bismuth ingot price began to rebound in the second half of August and increased very fast last week. The consumer claimed that they purchased around 40t of the material at RMB64,000/t (USD4.57/lb) and another 30t at RMB66,000-66,500/t (USD4.Asian Metal Copyright78lb last week and kept moving up on Monday.Asian Metal Copyright71-4.75/lb) in mid-August.Asian Metal Copyright The consumer noted that most bismuth ingot suppliers’ inventory cost is high and most of them are unwilling to sell materials now, pushing up the price, however, the demand for their end products sees no improvement and they do not intend to add stocks in large quantities in a hurry.Asian Metal Copyright Their consumption of bismuth ingot was 40t in August and is expected to be stable in September.

A bismuth ingot supplier in China reported that they got many inquiries for bismuth ingot 99.99%min last week, while they only sold 10t to a regular customer at RMB82,000/t (USD5.85/lb) on Friday, and do not make offer now.Asian Metal Copyright99%min increased sharply to RMB79,000-81,000t USD5.Asian Metal Copyright “The mainstream quotations for bismuth ingot 99.99%min increased further to RMB83,000-85,000/t (USD5.Asian Metal Copyright85lb and it is expected that the price will go up slightly later this week as it is hard to purchase materials in large quantities on the spot market.Asian Metal Copyright92-6.07/lb) on Monday.Asian Metal Copyright99%min increased further to RMB83,000-85,000t USD5.Asian Metal Copyright Most suppliers do not sell materials at present, expecting the price to rise further,” said the producer.

The producer has been out of production for a long period and holds a stock of around 200t in hand at the moment. They also have no plan to sell the material in a short term, thinking the price will reach RMB85,000/t (USD6.07/lb) before the National Day holiday (October 1st and 7th) and will keep moving up after the holiday.
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