Chinese bismuth ingot price keeps dropping after National Day holiday
2015-10-09 09:10:24 [Print]
BEIJING (Asian Metal) 9 Oct 15 - Chinese bismuth ingot 99.99%min price dropped to RMB72,000-74,000/t (USD5.15-5.30/lb) before the National Day holiday and continued to move down to RMB71,000-73,000/t (USD5.08-5.23/lb) after the holiday. A few suppliers quoted for the material at RMB70,000/t (USD5.01/lb). The demand from consumers was weak and many suppliers with stocks began to sell materials, and thus, the price fell again in late September.
“We have an inquiry and intend to buy 20t of bismuth ingot 99.99%min this week. The mainstream quotations we received decreased from RMB72,000/t (USD5.15/lb) before the holiday to RMB70,000/t (USD5.01/lb) on Thursday. We wanted to purchase the material at RMB69,000/t (USD4.94/lb) and are waiting for suppliers’ reply,” said a trader in China. The trader claimed that the price for bismuth ingot increased sharply to around RMB80,000/t (USD5.73/lb) in mid-September and most suppliers held back from selling, however, few consumers were active in adding stocks at the time.
With a regular trading volume of around 40tpm for bismuth ingot, the trader claimed that they cleared stocks in late September, holding no materials in hand now. The source noted that many investors and traders built stocks of bismuth ingot 99,99%min at RMB64,000-66,000/t (USD4.58-4.72/lb) in the second half of August. As the demand was weak and price seemed hard to pick up further, they began to sell materials in late September. He thinks that bismuth ingot price will go down slightly further in the following couple of days.
A major bismuth ingot supplier in China reported that they received inquiries of 5t, 10t and 20t respectively for bismuth ingot 99.99%min on Thursday and quoted at RMB72,000/t (USD5.15/lb), RMB1,000/t (USD0.07/lb) decreased against the price of before the National Day holiday, however, no deals were concluded and buyers’ target prices were around RMB69,000-70,000/t (USD4.94-5.01/lb). According to the producer, their transaction prices for bismuth ingot 99.99%min reached RMB80,000-82,000/t (USD5.73-5.87/lb) in mid-September and fell gradually to RMB73,000/t (USD5.23/lb) in the end of September.
“The real demand was weak and the large inventory of bismuth ingot in Fanya Exchange still worried about the market. Moreover, more suppliers began to sell materials, so the price for bismuth ingot dropped again since late September. Most buyers are inclined to purchase from hand to mouth now,” said the producer.
“We have an inquiry and intend to buy 20t of bismuth ingot 99.99%min this week. The mainstream quotations we received decreased from RMB72,000/t (USD5.15/lb) before the holiday to RMB70,000/t (USD5.01/lb) on Thursday. We wanted to purchase the material at RMB69,000/t (USD4.94/lb) and are waiting for suppliers’ reply,” said a trader in China. The trader claimed that the price for bismuth ingot increased sharply to around RMB80,000/t (USD5.73/lb) in mid-September and most suppliers held back from selling, however, few consumers were active in adding stocks at the time.
With a regular trading volume of around 40tpm for bismuth ingot, the trader claimed that they cleared stocks in late September, holding no materials in hand now. The source noted that many investors and traders built stocks of bismuth ingot 99,99%min at RMB64,000-66,000/t (USD4.58-4.72/lb) in the second half of August. As the demand was weak and price seemed hard to pick up further, they began to sell materials in late September. He thinks that bismuth ingot price will go down slightly further in the following couple of days.
A major bismuth ingot supplier in China reported that they received inquiries of 5t, 10t and 20t respectively for bismuth ingot 99.99%min on Thursday and quoted at RMB72,000/t (USD5.15/lb), RMB1,000/t (USD0.07/lb) decreased against the price of before the National Day holiday, however, no deals were concluded and buyers’ target prices were around RMB69,000-70,000/t (USD4.94-5.01/lb). According to the producer, their transaction prices for bismuth ingot 99.99%min reached RMB80,000-82,000/t (USD5.73-5.87/lb) in mid-September and fell gradually to RMB73,000/t (USD5.23/lb) in the end of September.
“The real demand was weak and the large inventory of bismuth ingot in Fanya Exchange still worried about the market. Moreover, more suppliers began to sell materials, so the price for bismuth ingot dropped again since late September. Most buyers are inclined to purchase from hand to mouth now,” said the producer.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
