Chinese bismuth ingot prices keep rising
2013-08-21 08:53:28 [Print]
BEIJING (Asian Metal) 21 Aug 13 - Most Chinese bismuth ingot suppliers are still holding back from selling materials now. Some suppliers raise offers further to RMB105,000/t (USD7.80/lb) this week.
A bismuth ingot consumer, with a regular consumption of around 30tpm for bismuth ingot, reported that Chinese bismuth ingot offers turned stable in early August and they purchased some materials at RMB93,000-94,000/t (USD6.90-6.98/lb) at the time. Then the prices increased sharply continuously. Many bismuth ingot suppliers were unwilling to sell materials recently. The offers have increased to RMB104,000/t (USD7.72/lb) late last week and even rise further to RMB105,000/t (USD7.80/lb) this week.
The source claimed that they still have some stocks in hand and do not accept the above offers temporarily. As the situation of their downstream industries is still unclear, they do not intend to hold large inventory of raw materials in hand now.
A bismuth supplier in China, with a current output of around 70tpm, told Asian Metal that their bismuth ingot prices dropped to RMB95,000/t (USD7.06/lb) in late July and the prices rebounded sharply in the recent three weeks. They do not sell materials in the domestic market now. According to the source, some overseas buyers come back to the market gradually from the summer vacation and they seal deals in the export market at around RMB106,000/t (USD7.87/lb), which is nearly USD7.9/lb FOB China.
The source claimed that bismuth ingot market is likely to see more deals in late August and September and the prices will move up further.
A bismuth ingot consumer, with a regular consumption of around 30tpm for bismuth ingot, reported that Chinese bismuth ingot offers turned stable in early August and they purchased some materials at RMB93,000-94,000/t (USD6.90-6.98/lb) at the time. Then the prices increased sharply continuously. Many bismuth ingot suppliers were unwilling to sell materials recently. The offers have increased to RMB104,000/t (USD7.72/lb) late last week and even rise further to RMB105,000/t (USD7.80/lb) this week.
The source claimed that they still have some stocks in hand and do not accept the above offers temporarily. As the situation of their downstream industries is still unclear, they do not intend to hold large inventory of raw materials in hand now.
A bismuth supplier in China, with a current output of around 70tpm, told Asian Metal that their bismuth ingot prices dropped to RMB95,000/t (USD7.06/lb) in late July and the prices rebounded sharply in the recent three weeks. They do not sell materials in the domestic market now. According to the source, some overseas buyers come back to the market gradually from the summer vacation and they seal deals in the export market at around RMB106,000/t (USD7.87/lb), which is nearly USD7.9/lb FOB China.
The source claimed that bismuth ingot market is likely to see more deals in late August and September and the prices will move up further.
Bismuth Ingot 99.99%min Delivered India
Unit:INR/kg
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
