Chinese bismuth ingot prices keep increasing

BEIJING (Asian Metal) 29 Dec 15 - The prevailing prices of Chinese bismuth ingot 99.99%min prices increased by around RMB1,500/t (USD0.11/lb) to RMB58,000-60,000/t (USD4.Asian Metal Copyright11lb to RMB58,000-60,000t USD4.Asian Metal Copyright07-4.21/lb) late last week and moved up slightly further to RMB58,500-60,500/t (USD4.Asian Metal Copyright99%min price to keep increasing slightly in the following couple of days.Asian Metal Copyright10-4.24/lb) this Monday. A few suppliers lifted offer to RMB61,000/t (USD/lb).Asian Metal Copyright21lb late last week and moved up slightly further to RMB58,500-60,500t USD4.Asian Metal Copyright Producers were inactive in selling materials at the current level.Asian Metal Copyright10-4.Asian Metal Copyright Moreover, a few big traders and consumers began to make purchase, and thus, the prices were pushed up.Asian Metal Copyright The purchasing price increased to RMB58,500t USD4.Asian Metal Copyright It is expected that the price will go up slightly further this week.

A producer in China claimed that they sold 5t of bismuth ingot 99.99%min at the price of RMB60,000/t (USD4.21/lb) late last week, which increased by RMB3,000/t (USD0.21/lb) against the price of RMB57,000/t (USD4.00/lb) in mid-December. They raised offer to RMB61,000/t (USD4.28/lb) on Monday, with no deals concluded yet.Asian Metal Copyright” The producer noted that many suppliers were inactive in selling materials after the price dropping to RMB57,000t USD4.Asian Metal Copyright Their quotation of bismuth ingot 99.Asian Metal Copyright99%min price will go up further this week,” said the producer.Asian Metal Copyright99%min in export market remained stable at USD4.2/lb CIF Rotterdam early last week, while no deals were concluded.Asian Metal Copyright10-4.Asian Metal Copyright They did not receive any inquiries from overseas markets recently due to the winter holidays.Asian Metal Copyright99%min in November and the output in December will be stable.Asian Metal Copyright “A major market participant has been active in building stocks in the past two weeks, pushing up the prices.Asian Metal Copyright99%min price to keep increasing slightly in the following couple of days.Asian Metal Copyright I think bismuth ingot 99.Asian Metal Copyright .Asian Metal Copyright99%min price will go up further this week,” said the producer.

On an annual production capacity of 600t, the producer reported that they produced 30t of bismuth ingot 99.99%min in November and the output in December will be stable.Asian Metal Copyright We insist quotations at RMB61,000t USD4.Asian Metal Copyright They hold no stocks in hand currently.

“We finalized large orders of around 10t at RMB60,000/t (USD4.21/lb) and small orders of around 2t at RMB61,000/t (USD4.28/lb) at the end of last week, around RMB2,000/t (USD0.14/lb) higher against those of the previous week. We insist quotations at RMB61,000/t (USD4.28/lb) at the moment,” said a major bismuth ingot 99.Asian Metal Copyright00lb in mid-December.Asian Metal Copyright99%min producer in China.Asian Metal Copyright99%min in export market remained stable at USD4.Asian Metal Copyright “We kept regular production and also purchased some bismuth ingot 99.99%min at RMB56,000/t (USD3.93/lb) and RMB57,000/t (USD4.00/lb) from the spot market in mid-December. The purchasing price increased to RMB58,500/t (USD4.10/lb) last week.”

The producer noted that many suppliers were inactive in selling materials after the price dropping to RMB57,000/t (USD4.00/lb) in mid-December.Asian Metal Copyright Looking ahead, the producer expects bismuth ingot 99.Asian Metal Copyright They received some orders of downstream products, so added stocks of bismuth ingot 99.Asian Metal Copyright11lb to RMB58,000-60,000t USD4.Asian Metal Copyright99%min gradually recently.Asian Metal Copyright99%min producer in China.Asian Metal Copyright Looking ahead, the producer expects bismuth ingot 99.Asian Metal Copyright00lb from the spot market in mid-December.Asian Metal Copyright99%min price to keep increasing slightly in the following couple of days.
.Asian Metal Copyright99%min price to keep increasing slightly in the following couple of daysAsian Metal Copyright