Chinese bismuth ingot price moves down further
2015-12-02 08:38:47 [Print]
BEIJING (Asian Metal) 2 Dec 15 - Chinese bismuth ingot 99.99%min price decreased by RMB1,000/t (USD0.07/lb) to RMB59,000-61,000/t (USD4.20-4.34/lb) on Monday. Some suppliers showed weak desires in selling materials at below RMB60,000/t (USD4.27/lb). However, on the poor demand and large supply on the spot market, the transaction price went down slightly further to RMB58,500-60,500/t (USD4.16-4.30/lb) on Tuesday and a few suppliers in capital pressure sold materials in small quantities at RMB58,000/t (USD4.13/lb).
A major bismuth ingot 99.99%min producer in China reported that they finalized several small deals of 5t and 10t of bismuth ingot 99.99%min at RMB59,000-59,500/t (USD4.20-4.23/lb) early this week, decreasing slightly further from the RMB60,000-61,000/t (USD4.27-4.34/lb) late last week. In the export market, they quote it at USD4.3-4.4/lb FOB China currently, down further from the USD4.6/lb FOB China in mid-November.
“Many producers make no profit at current market price and some will stop selling materials at lower prices. The overall inventory on the spot market is large and demand home and abroad is weak, so it is hard for the market to pick up in a short term. But considering the average production cost, I think the price will not go down sharply further,” said the producer.
“We sold 1t of bismuth ingot 99.99%min at RMB59,000/t (USD4.20/lb) and 3t of it at RMB58,500/t (USD/lb) at the beginning of this week, down slightly further against the RMB60,000/t (USD4.27/lb) in late last week,” said a second bismuth ingot 99.99%min producer in China. The producer added that they are not optimistic about the market in December, thinking that a few suppliers with capital pressure will lower offer further for cash back in the end of the year, so they are active in selling materials on the spot market currently, not willing to hold large stocks in hand.
Based on an annual production capacity of around 2,000tpy, they produced around 40t of bismuth ingot 99.99%min in November, 10t decreased from that in October. They have some regular customers and mainly produce on orders, holing few stocks in hand now.
A major bismuth ingot 99.99%min producer in China reported that they finalized several small deals of 5t and 10t of bismuth ingot 99.99%min at RMB59,000-59,500/t (USD4.20-4.23/lb) early this week, decreasing slightly further from the RMB60,000-61,000/t (USD4.27-4.34/lb) late last week. In the export market, they quote it at USD4.3-4.4/lb FOB China currently, down further from the USD4.6/lb FOB China in mid-November.
“Many producers make no profit at current market price and some will stop selling materials at lower prices. The overall inventory on the spot market is large and demand home and abroad is weak, so it is hard for the market to pick up in a short term. But considering the average production cost, I think the price will not go down sharply further,” said the producer.
“We sold 1t of bismuth ingot 99.99%min at RMB59,000/t (USD4.20/lb) and 3t of it at RMB58,500/t (USD/lb) at the beginning of this week, down slightly further against the RMB60,000/t (USD4.27/lb) in late last week,” said a second bismuth ingot 99.99%min producer in China. The producer added that they are not optimistic about the market in December, thinking that a few suppliers with capital pressure will lower offer further for cash back in the end of the year, so they are active in selling materials on the spot market currently, not willing to hold large stocks in hand.
Based on an annual production capacity of around 2,000tpy, they produced around 40t of bismuth ingot 99.99%min in November, 10t decreased from that in October. They have some regular customers and mainly produce on orders, holing few stocks in hand now.
Bismuth Ingot 99.99%min EXW China
Unit:RMB/mt
China bismuth ingot producers' inventory statistics by province by month
Unit: mt
