Chinese bismuth ingot price declines
2016-03-03 16:58:40 [Print]
BEIJING (Asian Metal) 3 Mar 16 - The Chinese bismuth market has been inactive since the Spring Festival holiday and the price continues to soften with limited purchases. Presently, the mainstream price for Chinese bismuth ingot 99.99%min holds at RMB59,000-61,000/t (USD4.09-4.23/lb) VAT included ex works, down by RMB500/t (USD0.03/lb) from early this week. Downstream users are unconcerned about the decreasing prices and prefer to hold watchful attitudes. The price for the material is expected to further move down slightly in the coming 3-5 days.
A bismuth ingot producer based in Hunan said that they sold 3t of bismuth ingot 99.99%min at RMB60,000/t (USD4.16/lb) VAT included ex works early this week while the price in late January still helds at around RMB61,000/t (USD4.23/lb) ex works. “The current price for orders in small quantities can still reach above RMB60,000/t (USD4.16/lb) and just above RMB59,000/t (USD4.09/lb) for larger quantities,” said the source. According to him, it is easily accessible to obtain materials at RMB59,000-60,000/t (USD4.09-4.16/lb) in the current market due to low interests from end consumers.
With an annual capacity of 3,000t, the source produced 1t of the material both last December and this January. Owing to limited enquiries, they reduced the production to about 60t in February with about 600t of stocks at hand.
Another bismuth ingot trader based in Shanghai claimed that they quoted RMB61,000/t (USD4.23/lb) VAT included ex works in late February with no deals concluded and sold 40t of bismuth 99.99%min at RMB60,000/t (USD4.16/lb) VAT included ex works early this week. They will decide whether to reduce the price further based on the market changes. “The most urgent issue currently is the low demand and therefore the price may decline further,” said the source. He also claimed that the demand for bismuth 99.99%min is limited due to the economy slump and the price may even decline to RMB57,000/t (USD3.95/lb).
Based on annual sales of about 600t, the trader sold about 50t of the material both in January and February and holds stocks of around 8t at present.
A bismuth ingot producer based in Hunan said that they sold 3t of bismuth ingot 99.99%min at RMB60,000/t (USD4.16/lb) VAT included ex works early this week while the price in late January still helds at around RMB61,000/t (USD4.23/lb) ex works. “The current price for orders in small quantities can still reach above RMB60,000/t (USD4.16/lb) and just above RMB59,000/t (USD4.09/lb) for larger quantities,” said the source. According to him, it is easily accessible to obtain materials at RMB59,000-60,000/t (USD4.09-4.16/lb) in the current market due to low interests from end consumers.
With an annual capacity of 3,000t, the source produced 1t of the material both last December and this January. Owing to limited enquiries, they reduced the production to about 60t in February with about 600t of stocks at hand.
Another bismuth ingot trader based in Shanghai claimed that they quoted RMB61,000/t (USD4.23/lb) VAT included ex works in late February with no deals concluded and sold 40t of bismuth 99.99%min at RMB60,000/t (USD4.16/lb) VAT included ex works early this week. They will decide whether to reduce the price further based on the market changes. “The most urgent issue currently is the low demand and therefore the price may decline further,” said the source. He also claimed that the demand for bismuth 99.99%min is limited due to the economy slump and the price may even decline to RMB57,000/t (USD3.95/lb).
Based on annual sales of about 600t, the trader sold about 50t of the material both in January and February and holds stocks of around 8t at present.
Bismuth Ingot 99.99%min Delivered US
Unit:USD/lb
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
