Chinese bismuth ingot suppliers still hold back from selling
2014-07-17 08:50:37 [Print]
BEIJING (Asian Metal) 17 Jul 14 - Chinese bismuth ingot prices increased sharply recently as the stocks in some exchanges in China kept increasing and traders made purchase actively. The inventory of bismuth ingot on the spot market is low and most suppliers are holding back from selling materials. Up until 15th July, the stocks of bismuth metal registered on the Fanya Exchange were 12,639.2 tons, increasing by 400t against the 11,839.2 tons on 27th June.
A supplier in China, with a regular output of around 30tpm for bismuth ingot, reported that their last deal for bismuth ingot was sealed at RMB143,500/t (USD10.52/lb) in late June and had not sold any materials on the spot market in the recent days. According to the source, the mainstream prices for bismuth ingot increased to RMB148,000/t (USD10.85/lb) last week and some suppliers raise offers further to RMB150,000/t (USD11/lb).
The source noted that as a reaction to the tightening supply of bismuth ingot on the spot market, the prices are likely to rise further. They do not make offers now and intend to watch the market for a while.
One of the major bismuth ingot traders in China told Asian Metal that they purchased bismuth ingot in small quantities at RMB147,000-148,000/t (USD10.78-10.85/lb) last week. This week, most suppliers do not make offers and hold back from selling materials. They could accept the prices of RMB149,000-150,000/t (USD10.92-11/lb) for spot trading this week, but few suppliers show intention of selling materials in large quantities.
The source attributed the increasing stocks in exchanges in China as one of the major factors that push the bismuth ingot prices up. He predicts that the prices will continue the up-moving trend in the near future as suppliers hold few stocks in hand and the stockpiling in some exchanges are likely to continue.
A supplier in China, with a regular output of around 30tpm for bismuth ingot, reported that their last deal for bismuth ingot was sealed at RMB143,500/t (USD10.52/lb) in late June and had not sold any materials on the spot market in the recent days. According to the source, the mainstream prices for bismuth ingot increased to RMB148,000/t (USD10.85/lb) last week and some suppliers raise offers further to RMB150,000/t (USD11/lb).
The source noted that as a reaction to the tightening supply of bismuth ingot on the spot market, the prices are likely to rise further. They do not make offers now and intend to watch the market for a while.
One of the major bismuth ingot traders in China told Asian Metal that they purchased bismuth ingot in small quantities at RMB147,000-148,000/t (USD10.78-10.85/lb) last week. This week, most suppliers do not make offers and hold back from selling materials. They could accept the prices of RMB149,000-150,000/t (USD10.92-11/lb) for spot trading this week, but few suppliers show intention of selling materials in large quantities.
The source attributed the increasing stocks in exchanges in China as one of the major factors that push the bismuth ingot prices up. He predicts that the prices will continue the up-moving trend in the near future as suppliers hold few stocks in hand and the stockpiling in some exchanges are likely to continue.
Bismuth Ingot 99.99%min Delivered India
Unit:INR/kg
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
