Chinese bismuth ingot prices keep increasing
2014-01-14 09:09:44 [Print]
BEIJING (Asian Metal) 14 Jan 14 - The stocks of bismuth ingot in some Asian exchanges keep increasing. Many suppliers are inactive in selling materials, expecting the prices to go up further. The mainstream prices for bismuth ingot increased fast from RMB121,000-122,500/t (USD9.09-9.20/lb) to RMB122,500-123,500/t (USD9.20-9.27/lb) last week, and some transaction prices reached RMB124,000/t (9.31/lb). Some bismuth ingot suppliers raise offers further to RMB125,000/t (USD9.39/lb) now.
A trader in South China, with a regular trading volume of around 30tpm for bismuth ingot, reported that They sold some bismuth ingot at RMB123,000/t (USD9.24/lb) early last week, up by RMB1,000/t (USD0.07/lb) against that of the previous week, and raised offers to RMB124,000/t (USD9.31/lb) late last week. The source claimed that it is hard for downstream consumers to accept the price currently, but they will hold offers firm as Chinese bismuth ingot plants keep raising offers and are holding back from selling materials.
According to the source, they have some stocks of bismuth ingot, which were purchased at around RMB118,000/t (USD8.86/lb) in mid-December. The market moved up continuously recently and they added some stocks at RMB122,000/t (USD9.16/lb) last week.
A supplier in China, with an output of around 50tpm for bismuth ingot, told Asian Metal that they were mainly working on some long-term orders and did not sell bismuth ingot in the spot market recently, expecting the prices to keep the up-moving trend in the near future. The source claimed that the mainstream prices for bismuth ingot increased from RMB121,000-122,000/t (USD9.09-9.16/lb) in late December to RMB122,000-123,000/t (USD9.16-9.24/lb) last week. Many suppliers raised offers to RMB124,000/t (USD9.31/lb) and a few suppliers even quoted the materials at RMB125,000/t (USD9.39/lb) late last week.
The source noted that some traders are still purchasing bismuth ingot actively. The stocks of bismuth ingot in some Asian exchanges keep increasing. Many bismuth ingot suppliers are holding back from selling materials now and they do not intend to sell materials in the spot market in the near future.
A trader in South China, with a regular trading volume of around 30tpm for bismuth ingot, reported that They sold some bismuth ingot at RMB123,000/t (USD9.24/lb) early last week, up by RMB1,000/t (USD0.07/lb) against that of the previous week, and raised offers to RMB124,000/t (USD9.31/lb) late last week. The source claimed that it is hard for downstream consumers to accept the price currently, but they will hold offers firm as Chinese bismuth ingot plants keep raising offers and are holding back from selling materials.
According to the source, they have some stocks of bismuth ingot, which were purchased at around RMB118,000/t (USD8.86/lb) in mid-December. The market moved up continuously recently and they added some stocks at RMB122,000/t (USD9.16/lb) last week.
A supplier in China, with an output of around 50tpm for bismuth ingot, told Asian Metal that they were mainly working on some long-term orders and did not sell bismuth ingot in the spot market recently, expecting the prices to keep the up-moving trend in the near future. The source claimed that the mainstream prices for bismuth ingot increased from RMB121,000-122,000/t (USD9.09-9.16/lb) in late December to RMB122,000-123,000/t (USD9.16-9.24/lb) last week. Many suppliers raised offers to RMB124,000/t (USD9.31/lb) and a few suppliers even quoted the materials at RMB125,000/t (USD9.39/lb) late last week.
The source noted that some traders are still purchasing bismuth ingot actively. The stocks of bismuth ingot in some Asian exchanges keep increasing. Many bismuth ingot suppliers are holding back from selling materials now and they do not intend to sell materials in the spot market in the near future.
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