Chinese bismuth ingot prices rise continuously due to tightening availability
2014-07-22 08:48:27 [Print]
BEIJING (Asian Metal) 22 Jul 14 - Chinese bismuth ingot prices increased sharply in the recent several weeks and the unrelenting pressure was still caused by the meagre amounts of material. Until July 18th, the stocks of bismuth ingot in Fanya Exchange were 12,958.3 tons, increasing further by 391.1 tons compared with the 12,639.2 tons on July 11th.
A consumer in China, with a regular consumption of around 30tpm for bismuth ingot, reported that they purchased large quantities of bismuth ingot at RMB142,000-145,000/t (USD10.41-10.63/lb) in late June and early July and did not add stocks recently. The offers from some regular suppliers increased to RMB150,000/t (USD11/lb) in the recent several days. The source noted that many suppliers claimed that they have no stocks now and do not make offers.
“We prepared some stocks in late June and early July when the prices showed signal of picking up. The real demand for bismuth ingot was stable and it was mainly the stockpiling in some exchanges that pushed the prices up recently,” said the source.
A major bismuth ingot trader in China claimed that they in total purchased around 30t of bismuth ingot at RMB149,000-150,000/t (USD10.92-11/lb) last week, an increase of around RMB1,500/t (USD0.11/lb) against the prices of the previous week. Moreover, it was hard to purchase bismuth ingot in large quantities and they could only get around 30-40 tons of bismuth per week in the past several weeks.
The source noted that due to the shortage of stocks, they only dealt with regular orders recently and seldom received new orders from the spot market. He thinks that as a reaction to the tightening availability of material, Chinese bismuth ingot prices will increase further in the near future.
A consumer in China, with a regular consumption of around 30tpm for bismuth ingot, reported that they purchased large quantities of bismuth ingot at RMB142,000-145,000/t (USD10.41-10.63/lb) in late June and early July and did not add stocks recently. The offers from some regular suppliers increased to RMB150,000/t (USD11/lb) in the recent several days. The source noted that many suppliers claimed that they have no stocks now and do not make offers.
“We prepared some stocks in late June and early July when the prices showed signal of picking up. The real demand for bismuth ingot was stable and it was mainly the stockpiling in some exchanges that pushed the prices up recently,” said the source.
A major bismuth ingot trader in China claimed that they in total purchased around 30t of bismuth ingot at RMB149,000-150,000/t (USD10.92-11/lb) last week, an increase of around RMB1,500/t (USD0.11/lb) against the prices of the previous week. Moreover, it was hard to purchase bismuth ingot in large quantities and they could only get around 30-40 tons of bismuth per week in the past several weeks.
The source noted that due to the shortage of stocks, they only dealt with regular orders recently and seldom received new orders from the spot market. He thinks that as a reaction to the tightening availability of material, Chinese bismuth ingot prices will increase further in the near future.
Bismuth Ingot 99.99%min EXW China
Unit:RMB/mt
China bismuth ingot producers' inventory statistics by province by month
Unit: mt
