Chinese bismuth ingot suppliers continue to raise offers
2014-07-08 09:04:31 [Print]
BEIJING (Asian Metal) 8 Jul 14 - The mainstream bismuth ingot prices in China increased from RMB142,500-143,500/t (USD10.44-10.52/lb) early last week to RMB143,500-144,000/t (USD10.52-10.55/lb) late last week. Currently, most suppliers quote the material at RMB144,000-144,500/t (USD10.55-10.59/lb) and a few offers are even a bit higher. Meanwhile, some suppliers are still holding back from selling materials.
A major bismuth ingot supplier in China reported that they were mainly working on some long-term orders recently and seldom sold bismuth ingot on the spot market. They sold some bismuth ingot at RMB143,500/t (USD10.52/lb) last week, up by RMB1,000/t (USD0.07/lb) against that of the previous week. They now quote the material at RMB144,500/t (USD10.59/lb). The source added that the overall export market was quiet recently and they only sealed a deal at USD10.3/lb FOB China last week
“With the approaching of the summer vacation in overseas market, bismuth ingot export market is quiet and it is hard for the price to go up even domestic prices are increasing. However, domestic market is strong and we receive many inquiries, especially from traders,” said the source, thinking that Chinese bismuth ingot price will rise further in the near future.
A supplier in China, with an output of around 100tpm for bismuth ingot, told Asian Metal that they sold 30t of bismuth ingot to a trader at RMB143,500/t (USD10.52/lb) last week, which increased further against the deal of 20t of the material at RMB142,500/t (USD10.44/lb) in late June. “I learn that some bismuth suppliers raise offers to RMB144,500-145,000/t (USD10.59-10.63/lb) this week. We have few stocks now and do not intend to accept new orders in a short term,” said the source.
The supply for raw materials bismuth ore and crude bismuth is tight now. Moreover, the stocks of bismuth ingot in some exchanges in China have increased sharply in the recent two weeks and the inventory of bismuth ingot on the spot market is low now. The source thinks that bismuth ingot prices will continue the up-moving trend in the near future.
A major bismuth ingot supplier in China reported that they were mainly working on some long-term orders recently and seldom sold bismuth ingot on the spot market. They sold some bismuth ingot at RMB143,500/t (USD10.52/lb) last week, up by RMB1,000/t (USD0.07/lb) against that of the previous week. They now quote the material at RMB144,500/t (USD10.59/lb). The source added that the overall export market was quiet recently and they only sealed a deal at USD10.3/lb FOB China last week
“With the approaching of the summer vacation in overseas market, bismuth ingot export market is quiet and it is hard for the price to go up even domestic prices are increasing. However, domestic market is strong and we receive many inquiries, especially from traders,” said the source, thinking that Chinese bismuth ingot price will rise further in the near future.
A supplier in China, with an output of around 100tpm for bismuth ingot, told Asian Metal that they sold 30t of bismuth ingot to a trader at RMB143,500/t (USD10.52/lb) last week, which increased further against the deal of 20t of the material at RMB142,500/t (USD10.44/lb) in late June. “I learn that some bismuth suppliers raise offers to RMB144,500-145,000/t (USD10.59-10.63/lb) this week. We have few stocks now and do not intend to accept new orders in a short term,” said the source.
The supply for raw materials bismuth ore and crude bismuth is tight now. Moreover, the stocks of bismuth ingot in some exchanges in China have increased sharply in the recent two weeks and the inventory of bismuth ingot on the spot market is low now. The source thinks that bismuth ingot prices will continue the up-moving trend in the near future.
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Unit:INR/kg
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