Chinese bismuth ingot prices continue to increase
2014-01-17 10:00:38 [Print]
BEIJING (Asian Metal) 17 Jan 14 - Chinese bismuth ingot prices increase fast this week. Downstream buyers add stocks actively before the Spring Festival holiday (late January and early February). More importantly, the stocks in some Asian exchanges keep increasing and the supply for bismuth ingot in the spot market is tight. Many suppliers are holding back from selling materials now. The mainstream prices for bismuth ingot increased from RMB122,500-124,000/t (USD9.21-9.33/lb) late last week to RMB124,500-125,500/t (USD9.37-9.44/lb) now and some offers are higher.
A major bismuth ingot trader in China claimed that they purchased 10t of bismuth ingot at RMB125,000/t (USD9.40/lb) on Wednesday, which increased further by RMB1,000/t (USD0.07/lb) against the price in early this week. “We want to buy more materials, but it is hard to purchase materials in large quantities from the spot market now,” said the source.
The source noted that they are now mainly working on some long-term orders and do not conclude new deals on the spot market due to the tightening availability of the materials.
A trader in China, who usually distributes around 30tpm of bismuth ingot in the domestic market, claimed that they sell some bismuth ingot at RMB125,000/t (USD9.40/lb) this week, up by RMB2,000/t (USD0.15/lb) against the RMB122,000/t (USD9.18/lb) at the beginning of January, and they intend to raise offers further. The source claimed that many bismuth ingot plants are unwilling to sell materials now and some plants make offers for it at RMB125,000/t (USD9.40/lb) and even RMB126,000/t (USD9.48/lb) now. They have some stocks which were purchased at RMB121,000-122,000/t (USD9.10-9.18/lb) in early January.
The source reported that they receive more inquiries this week and downstream end-users are making purchase actively before the Spring Festival holiday.
A major bismuth ingot trader in China claimed that they purchased 10t of bismuth ingot at RMB125,000/t (USD9.40/lb) on Wednesday, which increased further by RMB1,000/t (USD0.07/lb) against the price in early this week. “We want to buy more materials, but it is hard to purchase materials in large quantities from the spot market now,” said the source.
The source noted that they are now mainly working on some long-term orders and do not conclude new deals on the spot market due to the tightening availability of the materials.
A trader in China, who usually distributes around 30tpm of bismuth ingot in the domestic market, claimed that they sell some bismuth ingot at RMB125,000/t (USD9.40/lb) this week, up by RMB2,000/t (USD0.15/lb) against the RMB122,000/t (USD9.18/lb) at the beginning of January, and they intend to raise offers further. The source claimed that many bismuth ingot plants are unwilling to sell materials now and some plants make offers for it at RMB125,000/t (USD9.40/lb) and even RMB126,000/t (USD9.48/lb) now. They have some stocks which were purchased at RMB121,000-122,000/t (USD9.10-9.18/lb) in early January.
The source reported that they receive more inquiries this week and downstream end-users are making purchase actively before the Spring Festival holiday.
Bismuth Ingot 99.99%min Delivered India
Unit:INR/kg
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
