Chinese bismuth ingot supply still tight and offers increase further
2014-08-14 08:45:45 [Print]
BEIJING (Asian Metal) 14 Aug 14 - As the stocks in some exchanges in China kept increasing and some major traders added stocks actively, Chinese bismuth ingot market was in tight supply recently and prices increased sharply. The mainstream offers for bismuth ingot increased by around RMB500/t (USD0.037/lb) further to RMB154,000-155,500/t (USD11.36-11.47/lb) early this week and many suppliers still held back from selling materials.
A bismuth ingot supplier in China, with an output of around 40tpm for bismuth ingot, reported that they sold 20t of bismuth ingot at RMB151,000/t (USD11.14/lb) in late July, and stopped selling materials after. Chinese bismuth ingot prices increased sharply to around RMB154,000-155,000/t (USD11.36-11.44/lb) recently and they kept purchasing materials from the spot market. They now have a stock of around 100t.
The source added that Chinese bismuth ingot prices will increase continuously in the near future as a reaction to the tightening availability of materials on the spot market and they do not intend to sell materials in a short term.
A bismuth oxide producer, with a regular consumption of around 70tpm for bismuth ingot, reported that they purchased some bismuth ingot at RMB153,000-153,500/t (USD11.29-11.33/lb) last week and the offers increased to around RMB154,000-155,000/t (USD11.36-11.44/lb) early this week. Moreover, most suppliers are holding back from selling materials now.
The source noted that the market for bismuth oxide is still weak and the market is under fierce competition in prices. They are delivering orders for bismuth oxide signed at RMB151,000/t (USD11.14/lb) in early August and it is hard to seal deals at higher offers. “It was mainly the stockpiling in some exchanges that pushed bismuth ingot price to increase recently and the consumption saw no big increase,” said the source.
A bismuth ingot supplier in China, with an output of around 40tpm for bismuth ingot, reported that they sold 20t of bismuth ingot at RMB151,000/t (USD11.14/lb) in late July, and stopped selling materials after. Chinese bismuth ingot prices increased sharply to around RMB154,000-155,000/t (USD11.36-11.44/lb) recently and they kept purchasing materials from the spot market. They now have a stock of around 100t.
The source added that Chinese bismuth ingot prices will increase continuously in the near future as a reaction to the tightening availability of materials on the spot market and they do not intend to sell materials in a short term.
A bismuth oxide producer, with a regular consumption of around 70tpm for bismuth ingot, reported that they purchased some bismuth ingot at RMB153,000-153,500/t (USD11.29-11.33/lb) last week and the offers increased to around RMB154,000-155,000/t (USD11.36-11.44/lb) early this week. Moreover, most suppliers are holding back from selling materials now.
The source noted that the market for bismuth oxide is still weak and the market is under fierce competition in prices. They are delivering orders for bismuth oxide signed at RMB151,000/t (USD11.14/lb) in early August and it is hard to seal deals at higher offers. “It was mainly the stockpiling in some exchanges that pushed bismuth ingot price to increase recently and the consumption saw no big increase,” said the source.
Bismuth Ingot 99.99%min Delivered India
Unit:INR/kg
China bismuth ingot producers' suspension number statistics by province by month
Unit: pcs
