Monthly Bismuth Market Report Oct 2023

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 China releases plan to stabilize industrial growth for nonferrous metals 2
2.2 China reports reserve increase in 40% of minerals in 2022 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright99%min FOB price trend from 2023-09-01 to 2023-10-30 USDlb 2 Graph 4 European bismuth ingot 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright1 AM Stats: Chinese bismuth ingot producers' operating rate down by 20.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright3 Bismuth ingot 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 3
3.3.Asian Metal Copyright5 American bismuth ingot 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 3
3.3.Asian Metal Copyright6 Indian bismuth ingot 99.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright3 Chinese bismuth ingot 99.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
4.1 Gejiu Lianxing halts bismuth ingot production 3
4.2 Hunan Huaxin launches commercial production of bismuth ingot 3
4.3 Chenzhou Xiongfeng halts production of bismuth ingot 3
4.4 Henan Yuguang Gold & Lead invites bids to sell bismuth ingot 3
4.5 Hunan Shizhuyuan invites bids to sell bismuth concentrate 3
4.6 Henan Jinli increases bismuth ingot output 4
5 Producers Statistics 4
5.1 AM Stats: Chinese bismuth ingot producers' operating rate down by 20.76% MoM in Oct 2023 4
5.2 AM Stats: Chinese bismuth ingot producers' output down by20.77% MoM in Oct 2023 4
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 38.07% MoM in late Oct 2023 4
6 Export Statistics 5
6.1 China's exports of bismuth ingot down by 27.05% YoY in Sep 2023 5
7 Market Outlook for Next Month 5
7.1 Chinese bismuth ingot 99.99%min prices EXW 5
7.2 Chinese bismuth oxide 99.9%min EXW prices 5
7.3 Chinese bismuth ingot 99.99%min FOB China prices 5
7.4 European bismuth ingot 99.99%min in warehouse Rotterdam 5
7.5 American bismuth ingot 99.99%min delivered prices 5
7.6 Indian bismuth ingot 99.99%min delivered prices 5

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2023-09-01 to 2023-10-30 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2023-09-01 to 2023-10-30 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2023-09-01 to 2023-10-30 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2023-09-01 to 2023-10-30 (USD/lb) 3
Graph 5 American bismuth ingot 99.99%min price trend from 2023-09-01 to 2023-10-30 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2023-09-01 to 2023-10-30 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2022-10 to 2023-10 (%) 4
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2022-10 to 2023-10 (%) 4
Graph 9 Chinese bismuth ingot producers' monthly output from 2022-10 to 2023-10 (t) 4
Graph 10 Chinese bismuth ingot producers' monthly output from 2022-10 to 2023-10 by province (t) 4
Graph 11 Chinese bismuth ingot producers' inventory by month from 2022-10 to 2023-10 (t) 4
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2022-10 to 2023-10 (t) 5

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2022-10 to 2023-10 4
Table 2 Chinese bismuth ingot producers' monthly output from 2022-10 to 2023-10 by province (t) 4
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2022-10 to 2023-10 (t) 5
Table 4 Top six bismuth ingot export destinations for China in Sep 2023 (kg) 5


.Asian Metal Copyright99%min delivered prices 5 Graph Graph 1 Chinese bismuth ingot 99Asian Metal Copyright