Chinese bismuth ingot market sees bullish attitudes
2024-05-01 09:30:30 [Print]
BEIJING (Asian Metal) 1 May 24 - Chinese bismuth ingot 99.99%min market sees bullish attitudes given the limited stocks held by producers and high raw materials prices. Most suppliers keep their prices steady while the downstream still hold watchful attitudes towards. Therefore, the current mainstream prices of Chinese bismuth ingot 99.99%min stand at RMB56,500-57,500/t (USD3.53-3.59/lb) EXW D/P, unmoved from late last week. Given that most suppliers hold limited stocks and intend to increase prices further, insiders forecast that the prevailing prices of Chinese bismuth ingot 99.99%min would climb in the upcoming week.
A producer in Henan discloses that they have confidence about the Chinese bismuth ingot 99.99%min market and predict that the mainstream prices would move up in the following days given that most producers hold back from selling due to limited stocks of raw materials. They hold back from selling over the past month and intend to increase their price to RMB58,500/t (USD3.66/lb) EXW D/P after the holiday. They last sold around 33t at RMB55,500/t (USD3.50/lb) EXW D/P late last month. "We considered selling at the price as low as RMB58,000/t (USD3.63/lb) EXW D/P at present, without much change from late last week", said the producer.
The producer, based on a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce almost 150t this month and produced about 150t in March. They hold around 250t of stocks now, up by 50t from the end of last month.
A consumer in North China, who remained bullish about the market, predict that the mainstream prices of Chinese bismuth ingot 99.99%min would increase to RMB58,000/t (USD3.63/lb) EXW D/P in the forthcoming week. Their regular suppliers generally hold back from selling and intend to lift their prices in the upcoming days. "We last purchase 33t at RMB57,000/t (USD3.56/lb) late last week", said the consumer, adding that some producers raise their quotation to prices no less than RMB58,000/t (USD3.63/lb) today. Most of their regular suppliers quoted RMB57,500/t (USD3.59/lb) at present and some of them could accept the price as low as RMB57,000/t (USD3.56/lb), in line with late last week.
The consumer, based on a consumption capacity of 3,000tpy of bismuth ingot 99.99%min, holds around 100t of stocks now, unchanged MoM. They expect to consume around 200t in April, in line with last month. They consumed around 2,400t in 2023 and about 750t so far in 2024.
A producer in Henan discloses that they have confidence about the Chinese bismuth ingot 99.99%min market and predict that the mainstream prices would move up in the following days given that most producers hold back from selling due to limited stocks of raw materials. They hold back from selling over the past month and intend to increase their price to RMB58,500/t (USD3.66/lb) EXW D/P after the holiday. They last sold around 33t at RMB55,500/t (USD3.50/lb) EXW D/P late last month. "We considered selling at the price as low as RMB58,000/t (USD3.63/lb) EXW D/P at present, without much change from late last week", said the producer.
The producer, based on a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce almost 150t this month and produced about 150t in March. They hold around 250t of stocks now, up by 50t from the end of last month.
A consumer in North China, who remained bullish about the market, predict that the mainstream prices of Chinese bismuth ingot 99.99%min would increase to RMB58,000/t (USD3.63/lb) EXW D/P in the forthcoming week. Their regular suppliers generally hold back from selling and intend to lift their prices in the upcoming days. "We last purchase 33t at RMB57,000/t (USD3.56/lb) late last week", said the consumer, adding that some producers raise their quotation to prices no less than RMB58,000/t (USD3.63/lb) today. Most of their regular suppliers quoted RMB57,500/t (USD3.59/lb) at present and some of them could accept the price as low as RMB57,000/t (USD3.56/lb), in line with late last week.
The consumer, based on a consumption capacity of 3,000tpy of bismuth ingot 99.99%min, holds around 100t of stocks now, unchanged MoM. They expect to consume around 200t in April, in line with last month. They consumed around 2,400t in 2023 and about 750t so far in 2024.
