Chinese bismuth ingot prices retreat slightly

BEIJING (Asian Metal) 29 Oct 13 – Chinese bismuth ingot prices decreased slightly to RMB106,000-108,000/t (USD7.Asian Metal Copyright57lb.Asian Metal Copyright90-8.04/lb) in early September.Asian Metal Copyright With the increasing real demand and investment demand, the prices increased continuously from the second week of September until last week.Asian Metal Copyright With the increasing real demand and investment demand, the prices increased continuously from the second week of September until last week. The prices for bismuth ingot reached RMB116,500-118,500/t (USD8.Asian Metal Copyright71lb last week to RMB116,000t USD8.Asian Metal Copyright68-8.83/lb) last week. However, as the real demand sees no obvious improvement and more suppliers are active in selling materials, the bismuth ingot prices begin to retreat slightly this week to RMB116,000-118,000/t (USD8.Asian Metal Copyright9lb in the past days.Asian Metal Copyright64-8.79/lb).

A bismuth supplier in China, with an output of around 60tpm, told Asian Metal that their transaction prices for bismuth ingot reached RMB118,000-119,000/t (USD8.79-8.86/lb) early last week and quote the material at RMB118,000/t (USD8.79/lb) now.Asian Metal Copyright8-8.Asian Metal Copyright In the export market, the source claimed that the concluded prices reached RMB8.Asian Metal Copyright However, as the real demand sees no obvious improvement and more suppliers are active in selling materials, the bismuth ingot prices begin to retreat slightly this week to RMB116,000-118,000t USD8.Asian Metal Copyright8-8.9/lb in the past days.Asian Metal Copyright Moreover, suppliers begin to sell materials actively.Asian Metal Copyright They quoted it at USD9.0/lb recently, with no deals being concluded at the level.

The source noted that the real demand for bismuth ingot is not strong now. Moreover, suppliers begin to sell materials actively.Asian Metal Copyright The source reported that their last purchase for bismuth ingot was in mid-October at RMB114,500t USD8.Asian Metal Copyright Thus the bismuth ingot prices retreat slightly.Asian Metal Copyright Moreover, suppliers begin to sell materials actively.Asian Metal Copyright Looking ahead, the source thinks that if the demand sees no increase, bismuth ingot prices are likely to slide down further in the near future.

A bismuth oxide producer, with a regular consumption of around 65tpm for bismuth ingot, claimed that the offers for bismuth ingot decreased slightly from RMB117,000/t (USD8.71/lb) last week to RMB116,000/t (USD8.64/lb) this week, and some suppliers quote it at RMB115,000/t (USD8.57/lb). The source reported that their last purchase for bismuth ingot was in mid-October at RMB114,500/t (USD8.53/lb) and now they are working on orders of bismuth oxide signed at RMB116,000-117,000/t (USD8.Asian Metal Copyright04lb in early September.Asian Metal Copyright64-8.71/lb) at the time.

The source added that demand for bismuth oxide from electronics industry is weak and they sealed few new deals recently. Moreover, the bismuth ingot prices are on the decrease.Asian Metal Copyright64-8.Asian Metal Copyright They have a few stocks of bismuth ingot in hand now, but they are in no hurry in adding stocks.Asian Metal Copyright71lb at the time.Asian Metal Copyright