Chinese bismuth ingot market calms down

BEIJING (Asian Metal) 26 Feb 14 - Chinese bismuth ingot market has seen increasing purchasing activities from downstream consumers and traders in the past two weeks and the stocks in some Asian exchanges haven kept increasing.Asian Metal CopyrightBEIJING Asian Metal 26 Feb 14 - Chinese bismuth ingot market has seen increasing purchasing activities from downstream consumers and traders in the past two weeks and the stocks in some Asian exchanges haven kept increasing.Asian Metal Copyright Chinese bismuth ingot prices have increased sharply in the past two weeks.Asian Metal Copyright74lb early last week.Asian Metal Copyright The market calmed down this week and buyers were inactive in adding stocks. The mainstream offers from suppliers keep stable at RMB130,500-132,000/t (USD9.Asian Metal Copyright Their selling prices for bismuth ingot went up from around RMB126,000t USD9.Asian Metal Copyright71-9.82/lb) currently and some suppliers who want to lower inventory decrease offers slightly to around RMB130,000/t (USD9.67/lb).

A bismuth ingot supplier in China, with a regular output of around 70tpm, reported that Chinese bismuth ingot prices increased fast in the following two week after the Spring Festival holiday (January 31st to February 6th). Their selling prices for bismuth ingot went up from around RMB126,000/t (USD9.37/lb) before the holiday to RMB131,000/t (USD9.74/lb) early last week. The source noted that they sold large quantities of their stocks at RMB131,000/t (USD9.74/lb) last week and keep offer stable now.Asian Metal Copyright Most buyers have purchased many stocks of bismuth ingot in the past two weeks and the market sees few purchasing activities this week.Asian Metal Copyright However, the source claimed that it is hard to seal deals at the above level now and the market trading is thin.

“Many suppliers have been holding back from selling materials in the past two weeks and we cleared most of our stocks last week. Most buyers have purchased many stocks of bismuth ingot in the past two weeks and the market sees few purchasing activities this week. I heard that a few suppliers lower offer to RMB130,000/t (USD9.67/lb) this week,” said the source.

A supplier in China, with an output of around 30tpm of bismuth ingot, told Asian Metal that they sold 20t of bismuth ingot at RMB131,000/t (USD9.74/lb) early last week, but the market became weak gradually since late last week.Asian Metal CopyrightBEIJING Asian Metal 26 Feb 14 - Chinese bismuth ingot market has seen increasing purchasing activities from downstream consumers and traders in the past two weeks and the stocks in some Asian exchanges haven kept increasing.Asian Metal Copyright They held offer stable at the level in the recent several days, with only a few deals in small quantities being concluded.Asian Metal Copyright71-9.Asian Metal Copyright In the export market, the source claimed that they used to finalize a deal at USD10.3/lb FOB China early last week. However, as the demand is weak and the export price is under fierce competition, they lower offer to USD10/lb FOB China to get an order this week.

The source noted that most buyers have some inventories in hand and show weak desires in making purchase now. While most suppliers have been holding back from selling in the past two weeks and the stocks in hand are large.Asian Metal Copyright74lb early last week.Asian Metal Copyright Chinese bismuth ingot price has increased a lot in the past two weeks and it will decrease slightly in the near future.Asian Metal Copyright71-9.Asian Metal Copyright