Bismuth Market Report February 2017
2017-03-09 17:46:39 【Print】
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Prices for Chinese bismuth ingot 99
. 99%min trended upward in February . Early this month, bismuth ingot producers gradually recovered production after the Spring Festival holiday but as logistics had yet to recover completely, the market was quite. In mid-to-late February, some producers were forced to shut down for rectification due to the environmental protection inspections; market players therefore were optimistic about the market outlook and raised prices to more than RMB70,000/t VAT included ex works . However, downstream demand remained sluggish with major consumers having singed long-term contracts and only some sourcing bismuth ingot in the spot market. Traders held different attitudes towards the market outlook; some with optimism purchased actively as they thought that the environmental protection inspections had impacted the bismuth ingot production greatly; while some were in no hurry to restock but sold enthusiastically at RMB70,000/t VAT included ex works higher considering the weak demand.