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  • Chinese bismuth ingot prices keep moving up

    2014-07-11 09:17:56   [Print]
    BEIJING (Asian Metal) 11 Jul 14 - Chinese bismuth ingot price increase continuously this week and most suppliers are holding back from selling materials. The mainstream prices for bismuth ingot reached RMB146,000-147,000/t (USD10.Asian Metal Copyright A supplier in China, with an output of around 120tpm of bismuth ingot, told Asian Metal that they sold some bismuth ingot at RMB146,000-14,7000t USD10.Asian Metal Copyright7-10.77/lb) on Thursday, up by RMB500/t (USD0.036/lb) further against those of the previous day.

    One of the major bismuth ingot suppliers in China reported that they seldom sold bismuth ingot on the spot market recently and only sold a few materials to some regular customers to keep long-term relationship. The prices are RMB146,000-147,000/t (USD10.Asian Metal Copyright55-10.Asian Metal Copyright7-10.77/lb) this week, up further against the RMB144,000-145,000/t (USD10.Asian Metal Copyright The source noted that they received many inquiries for bismuth ingot recently and they have few stocks in hand now.Asian Metal Copyright55-10.63/lb) of last week.Asian Metal Copyright63lb of last week.Asian Metal Copyright In the export market, the source claimed that they raise offers for bismuth ingot from USD10.4/lb CIF Europe to USD10.6/lb CIF Europe recently following the domestic price rise, but no deals were concluded as most of the market participants entered the summer vacation.

    “Chinese domestic bismuth ingot prices are moving up. The export market will recover in late August after the summer vacation and the prices are likely to increase obviously at the time.Asian Metal Copyright In the export market, the source claimed that they raise offers for bismuth ingot from USD10.Asian Metal Copyright We do not intend to sell bismuth ingot in large quantities now,” said the source.

    A supplier in China, with an output of around 120tpm of bismuth ingot, told Asian Metal that they sold some bismuth ingot at RMB146,000-14,7000/t (USD10.7-10.77/lb) on Thursday, depending on different quantities, which increased further by RMB500/t (USD0.036/lb) against the prices of the previous day.Asian Metal Copyright The export market will recover in late August after the summer vacation and the prices are likely to increase obviously at the time.Asian Metal Copyright The source noted that they received many inquiries for bismuth ingot recently and they have few stocks in hand now.

    Looking ahead, the source thinks that the unrelenting pressure still being caused by the meagre amounts of material will push the bismuth ingot prices up further in the near future.Asian Metal Copyright55-10.Asian Metal Copyright
    Bismuth Ingot 99.99%min Delivered Europe
    Unit:USD/lb
    Bismuth Ingot 99.99%min Delivered Europe USD/lb
    China bismuth ingot producers' number MoM output increase statistics by province by month
    Unit: pcs
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