Chinese bismuth ingot prices increased
2024-03-05 08:27:52 [Print]
BEIJING (Asian Metal) 5 Mar 24 - Most Chinese bismuth suppliers lifted their prices to test market over the past week and most downstream consumers watched the market. Currently, Chinese bismuth ingot 99.99%min mainstream prices increased to RMB53,500-54,500/t (USD3.37-3.43/lb) EXW D/P, up by RMB500/t (USD0.03/lb) from one week ago. Considering that the downstream stayed in no hurry to place orders, insiders believed that the mainstream prices of Chinese bismuth ingot 99.99%min would stay stable in the following week.
A trader in South China disclosed that most producers refused to sell bismuth ingot 99.99%min at prices lower than RMB53,800/t (USD3.38/lb) EXW D/P at present, while they could accept the price as low as RMB53,000/t (USD3.35/lb) one week ago. "We last purchased 33t at RMB52,500/t (USD3.31/lb) two weeks ago", said the trader. As their end downstream clients still stayed in no hurry to purchase, they had no intention to accept higher prices and predicted that the mainstream prices of Chinese bismuth ingot 99.99%min would show a stable trend in the following week.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expected to sell around 60t this month and sold about 15t last month. They hold around 100t of stocks now.
Another trader in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices no less than RMB54,000/t (USD3.40/lb) EXW D/P today, while considered selling at the price as low as RMB53,500/t (USD3.37/lb) early last week. "We last sold around 100t at RMB53,500/t (USD3.37/lb) early last week", said the trader. They received active inquiries from traders over the past week while the end downstream clients still watched the market. Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99.99%min would remain stable in the upcoming week.
The trader, with a regular monthly trading volume of 100t of bismuth ingot 99.99%min, hold more than 100t of stocks now, in line with late last month. They expected to sell about 200t in March, up by 100t MoM.
A trader in South China disclosed that most producers refused to sell bismuth ingot 99.99%min at prices lower than RMB53,800/t (USD3.38/lb) EXW D/P at present, while they could accept the price as low as RMB53,000/t (USD3.35/lb) one week ago. "We last purchased 33t at RMB52,500/t (USD3.31/lb) two weeks ago", said the trader. As their end downstream clients still stayed in no hurry to purchase, they had no intention to accept higher prices and predicted that the mainstream prices of Chinese bismuth ingot 99.99%min would show a stable trend in the following week.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expected to sell around 60t this month and sold about 15t last month. They hold around 100t of stocks now.
Another trader in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices no less than RMB54,000/t (USD3.40/lb) EXW D/P today, while considered selling at the price as low as RMB53,500/t (USD3.37/lb) early last week. "We last sold around 100t at RMB53,500/t (USD3.37/lb) early last week", said the trader. They received active inquiries from traders over the past week while the end downstream clients still watched the market. Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99.99%min would remain stable in the upcoming week.
The trader, with a regular monthly trading volume of 100t of bismuth ingot 99.99%min, hold more than 100t of stocks now, in line with late last month. They expected to sell about 200t in March, up by 100t MoM.
