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  • Chinese bismuth ingot prices increase further

    2014-03-25 09:17:14   [Print]
    BEIJING (Asian Metal) 25 Mar 14 - Chinese bismuth ingot prices began to increase again last week as some plants stopped production due to environmental protection investigation.Asian Metal Copyright82lb, and a few suppliers quote it at RMB135,000t USD9.Asian Metal Copyright Currently, most suppliers are holding back from selling materials. The prices for bismuth ingot increase by around RMB1,000/t (USD0.07/lb) further to RMB133,000-134,000/t (USD9.Asian Metal Copyright A supplier in China, with an output of around 30tpm for bismuth ingot, reported that they sold a small batch of bismuth ingot at RMB133,000t USD9.Asian Metal Copyright75-9.82/lb), and a few suppliers quote it at RMB135,000/t (USD9.9/lb).

    A supplier in China, with an output of around 30tpm for bismuth ingot, reported that they sold a small batch of bismuth ingot at RMB133,000/t (USD9.75/lb) last week, which increased sharply against the prices of RMB129,500/t (USD9.49/lb) in early March, and they now offer the material at RMB135,000/t (USD9.9/lb).Asian Metal Copyright Looking ahead, the source thinks that Chinese bismuth ingot prices will keep increasing in a short term as the supply tightens on the spot market and most suppliers are unwilling to sell materials.Asian Metal Copyright In the export market, the source claimed that due to the depreciation of RMB against US dollars, the export price did not increase much recently.Asian Metal Copyright82lb on the spot market last week, up sharply against their purchasing price of RMB129,000-130,000t USD9.Asian Metal Copyright They sealed a deal at USD10.2/lb FOB China last week, unchanged against that of the previous week.

    Looking ahead, the source thinks that Chinese bismuth ingot prices will keep increasing in a short term as the supply tightens on the spot market and most suppliers are unwilling to sell materials.

    A major bismuth ingot trader in China claimed that they purchased a few bismuth ingot at RMB134,000/t (USD9.82/lb) on the spot market last week, up sharply against their purchasing price of RMB129,000-130,000/t (USD9.Asian Metal Copyright75-9.Asian Metal Copyright46-9.53/lb) in early March, and it is unlikely to purchase the material at below RMB135,000/t (USD9.9/lb) now.

    “Some of our suppliers stop production and cannot supply materials currently, and we have to purchase bismuth ingot from the spot market at the increasing price to fulfill current orders,” said the source.Asian Metal Copyright Currently, most suppliers are holding back from selling materials.Asian Metal Copyright
    Bismuth Ingot 99.99%min EXW China
    Unit:RMB/mt
    Bismuth Ingot 99.99%min EXW China RMB/mt
    China bismuth ingot producers' inventory statistics by province by month
    Unit: mt
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