Chinese bismuth ingot prices remain firm
2014-01-27 08:42:21 [Print]
BEIJING (Asian Metal) 27 Jan 14 - Chinese bismuth ingot prices remain firm at RMB125,000-126,500/t (USD9.39-9.50/lb) currently. The prices increased sharply in the past several weeks. Most suppliers now do not accept new orders for prompt delivery as they expect the prices to increase further after the Spring Festival holiday (January 31st to February 6th) and the transportation is inconvenient around the Spring Festival holiday.
A supplier in China, with an output of around 40tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB126,000-126,500/t (USD9.46-9.50/lb) early last week, up by RMB1,000/t (USD0.07/lb) further against that of the previous week. A buyer wanted to purchase some bismuth ingot at RMB127,000/t (USD9.54/lb) late last week, which is for prompt delivery, but they did not accept the orders due to the inconvenience of transportation before the Spring Festival holiday.
Looking ahead, the source thinks that Chinese bismuth ingot prices will increase further after the holiday as the demand from downstream industry is stable and the market is likely to see more investment demand.
A major bismuth ingot trader in China reported that they purchased some bismuth ingot at RMB125,000-126,000/t (USD9.39-9.46/lb) last week, which increased by RMB500/t (USD0.03/lb) further against that of the previous week, and they begin to leave for holiday this week.
The source noted that they were mainly working on long-term orders recently and did not supply bismuth ingot to the spot market due to the tightening availability of materials. The source thinks that if the stocks of bismuth ingot in some exchanges in China keep increasing after the Spring Festival holiday, Chinese bismuth ingot prices will increase further.
A supplier in China, with an output of around 40tpm for bismuth ingot, reported that they sold some bismuth ingot at RMB126,000-126,500/t (USD9.46-9.50/lb) early last week, up by RMB1,000/t (USD0.07/lb) further against that of the previous week. A buyer wanted to purchase some bismuth ingot at RMB127,000/t (USD9.54/lb) late last week, which is for prompt delivery, but they did not accept the orders due to the inconvenience of transportation before the Spring Festival holiday.
Looking ahead, the source thinks that Chinese bismuth ingot prices will increase further after the holiday as the demand from downstream industry is stable and the market is likely to see more investment demand.
A major bismuth ingot trader in China reported that they purchased some bismuth ingot at RMB125,000-126,000/t (USD9.39-9.46/lb) last week, which increased by RMB500/t (USD0.03/lb) further against that of the previous week, and they begin to leave for holiday this week.
The source noted that they were mainly working on long-term orders recently and did not supply bismuth ingot to the spot market due to the tightening availability of materials. The source thinks that if the stocks of bismuth ingot in some exchanges in China keep increasing after the Spring Festival holiday, Chinese bismuth ingot prices will increase further.
Bismuth Ingot 99.99%min EXW China
Unit:RMB/mt
China bismuth ingot producers' inventory statistics by province by month
Unit: mt
