European bismuth market remains unchanged despite reports of further stockpiling in Asia

LONDON (Asian Metal) 27 May 14 – The European bismuth metal market has remained flat this week despite reports circulating that further stockpiling is set to occur in Asia.Asian Metal Copyright The downstream pigment industry has continued to witness strong levels of consumption which is expected to continue to witness small increments moving forward.Asian Metal Copyright Sources speaking with Asian Metal emphasized that the current price level is solely propped up by the stockpiling on certain exchanges within Asia.Asian Metal Copyright40lb in warehouse Rotterdam earlier this week however has delayed this purchase in hope of a lower offer.Asian Metal Copyright Sources explained that demand is certainly healthy however not strong enough to maintain such inflated levels.Asian Metal Copyright “It is a little concerning that reports are doing the rounds that further material is set to be stockpiled in Asia, this would not be healthy for demand in my opinion”, the source explained.Asian Metal Copyright The downstream pigment industry has continued to witness strong levels of consumption which is expected to continue to witness small increments moving forward.Asian Metal Copyright Sources speaking with Asian Metal emphasized that the current price level is solely propped up by the stockpiling on certain exchanges within Asia.Asian Metal Copyright Sources have expressed their concern regarding further stockpiling occurring within Asia which will indeed result in prices moving up further.Asian Metal Copyright A large European consumer explained that he is very agitated to hear about the further stockpiling plans in Asia as he believes that the current price levels are already artificially inflated.Asian Metal Copyright Traders have explained that consumers will indeed seek alternatives if prices increase any further which will be detrimental to long term demand levels.Asian Metal Copyright “It is a little concerning that reports are doing the rounds that further material is set to be stockpiled in Asia, this would not be healthy for demand in my opinion”, the source explained.Asian Metal Copyright Currently prices have continued to remain perched at USD10.Asian Metal Copyright “It is exacerbating to listen to reports of exchanges in Asia looking to stock more material.Asian Metal Copyright10-10.40/lb in warehouse Rotterdam.

A large European trader explained to Asian Metal that he had not seen anything moving at the moment that would suggest of demand increasing anytime soon. The trader mentioned that he was indeed pleased with the current level of business however stressed that if prices did indeed appreciate any further, customers of his would refrain from purchasing material and possibly even sought alternative cheaper options.Asian Metal Copyright Sources speaking with Asian Metal emphasized that the current price level is solely propped up by the stockpiling on certain exchanges within Asia.Asian Metal Copyright The source explained that he sold 5 tonnes of bismuth metal on Monday this week for USD10.20/lb in warehouse Rotterdam.Asian Metal Copyright Traders have explained that consumers will indeed seek alternatives if prices increase any further which will be detrimental to long term demand levels.Asian Metal Copyright “It is a little concerning that reports are doing the rounds that further material is set to be stockpiled in Asia, this would not be healthy for demand in my opinion”, the source explained.

A large European consumer explained that he is very agitated to hear about the further stockpiling plans in Asia as he believes that the current price levels are already artificially inflated. The source explained that he had been purchasing from hand to mouth for some time now in the hope of prices edging downwards in the near future.Asian Metal Copyright .Asian Metal Copyright The source explained that he was able to source material fairly easily; despite of reports from traders that material is sparse.Asian Metal Copyright “It is exacerbating to listen to reports of exchanges in Asia looking to stock more material.Asian Metal Copyright The source explained that he was quoted USD10.40/lb in warehouse Rotterdam earlier this week however has delayed this purchase in hope of a lower offer.Asian Metal Copyright It is artificial and not representative of the true demand within the market.Asian Metal Copyright “It is exacerbating to listen to reports of exchanges in Asia looking to stock more material.Asian Metal Copyright Currently prices have continued to remain perched at USD10.Asian Metal Copyright It is artificial and not representative of the true demand within the market.Asian Metal Copyright Traders have explained that consumers will indeed seek alternatives if prices increase any further which will be detrimental to long term demand levels.Asian Metal Copyright I truly hope that this market corrects itself in the near future”, the source added.

.Asian Metal Copyright The downstream pigment industry has continued to witness strong levels of consumption which is expected to continue to witness small increments moving forwardAsian Metal Copyright