Chinese bismuth ingot prices keep increasing
2013-12-11 08:44:32 [Print]
BEIJING (Asian Metal) 11 Dec 13 – The stocks of bismuth ingot in Fanya Exchange keep increasing and source claimed that the supply for bismuth ingot in the spot market is not large. The crude bismuth supply is still tight and prices are on the rise. Chinese bismuth ingot prices increase further slightly to RMB117,000-119,000/t (USD8.73-8.88/lb) presently.
A major bismuth ingot trader in China told Asian Metal that they purchased a batch of bismuth ingot at RMB118,000/t (USD8.80/lb) early this week, up by RMB1,000/t (USD0.07/lb) against that of last week. They were mainly working on long-term orders recently and sold a small quantity of bismuth ingot to their regular customer at RMB119,000/t (USD8.88/lb) early this week.
The source noted they are making purchase gradually to fulfill long-term orders, while the supply of bismuth ingot in the spot market is tight now due to the increasing stocks in Fanya Exchange. Looking ahead, the source thinks that Chinese bismuth ingot will keep the up-moving trend in the near future.
A supplier in China, with an output of around 50tpm for bismuth ingot, claimed that they have not sold bismuth ingot for nearly one month. The mainstream prices for bismuth ingot were RMB116,000-118,000/t (USD8.65-8.80/lb) last week and the prices start to move up to around RMB118,000-119,000/t (USD8.80-8.88/lb) this week. The source reported that they do not intend to sell bismuth ingot in a short term, intending to watch the market for more days.
According to the source, the supply for crude bismuth is tight now and the price increases to over RMB100,000/t (USD7.46/lb) VAT excluded.
A major bismuth ingot trader in China told Asian Metal that they purchased a batch of bismuth ingot at RMB118,000/t (USD8.80/lb) early this week, up by RMB1,000/t (USD0.07/lb) against that of last week. They were mainly working on long-term orders recently and sold a small quantity of bismuth ingot to their regular customer at RMB119,000/t (USD8.88/lb) early this week.
The source noted they are making purchase gradually to fulfill long-term orders, while the supply of bismuth ingot in the spot market is tight now due to the increasing stocks in Fanya Exchange. Looking ahead, the source thinks that Chinese bismuth ingot will keep the up-moving trend in the near future.
A supplier in China, with an output of around 50tpm for bismuth ingot, claimed that they have not sold bismuth ingot for nearly one month. The mainstream prices for bismuth ingot were RMB116,000-118,000/t (USD8.65-8.80/lb) last week and the prices start to move up to around RMB118,000-119,000/t (USD8.80-8.88/lb) this week. The source reported that they do not intend to sell bismuth ingot in a short term, intending to watch the market for more days.
According to the source, the supply for crude bismuth is tight now and the price increases to over RMB100,000/t (USD7.46/lb) VAT excluded.
Bismuth Ingot 99.99%min Delivered India
Unit:INR/kg
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
