Monthly Bismuth Market Report May 2023

Contents

1 Market Highlights 2
2. Economy and Policy 2
2.1 GACC: China's gross imports and exports up by 5.8% YoY in Jan-Apr 2
2.2 Taiyuan conducts investigation and rectification campaign to prevent major accidents 2
2.3 Inner Mongolia issues plan to peak carbon emission 2
2.4 China to scale up medium and long-term lending toward manufacturing sector 2
2.5 China to loosen limitation on transferring mining rights 2
2.6 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright1.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright1 Bismuth Ingot 99.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 3
3.2 Chinese Export Market 3
3.2.Asian Metal Copyright99%min in warehouse Rotterdam 5 7.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 3
3.3 International Market 3
3.3.Asian Metal Copyright1 AM Stats: Chinese bismuth ingot producers' operating rate down by 11.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 3
3.3.Asian Metal Copyright1 GACC: China's gross imports and exports up by 5.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright1 Chinese bismuth ingot 99.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 4
4.1 Jingyuan BGE invites bids to sell crude bismuth 4
5 Producers Statistics 4
5.1 AM Stats: Chinese bismuth ingot producers' operating rate down by 11.50% MoM in May 2023 4
5.2 AM Stats: Chinese bismuth ingot producers' output down by 11.49% MoM in May 2023 4
5.3 AM Stats: Chinese bismuth ingot producers' inventory up by 83.11% MoM in late May 2023 4
6 Export Statistics 5
6.1 China's exports of bismuth ingot down by 51.47% YoY in Apr2023 5
7 Market Outlook for Next Month 5
7.1 Chinese bismuth ingot 99.99%min prices EXW 5
7.2 Chinese bismuth oxide 99.9%min EXW prices 5
7.3 Chinese bismuth ingot 99.99%min FOB China prices 5
7.4 European bismuth ingot 99.99%min in warehouse Rotterdam 5
7.5 American bismuth ingot 99.99%min delivered prices 5
7.6 Indian bismuth ingot 99.99%min delivered prices 5

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2023-04-01 to 2023-05-31 (RMB/t) 3
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2023-04-01 to 2023-05-31 (RMB/t) 4
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2023-04-01 to 2023-05-31 (USD/lb) 4
Graph 4 European bismuth ingot 99.99%min price trend from 2023-04-01 to 2023-05-31 (USD/lb) 4
Graph 5 American bismuth ingot 99.99%min price trend from 2023-04-01 to 2023-05-31 (USD/lb) 4
Graph 6 Indian bismuth ingot 99.99%min price trend from 2023-04-01 to 2023-05-31 (INR/kg) 4
Graph 7 Chinese bismuth ingot producers' operating rate from 2022-05 to 2023-05 (%) 5
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2022-05 to 2023-05 (%) 5
Graph 9 Chinese bismuth ingot producers' monthly output from 2022-05 to 2023-05 (t) 5
Graph 10 Chinese bismuth ingot producers' monthly output from 2022-05 to 2023-05 by province (t) 5
Graph 11 Chinese bismuth ingot producers' inventory by month from 2022-05 to 2023-05 (t) 5
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2022-05 to 2023-05 (t) 6

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2022-05 to 2023-05 5
Table 2 Chinese bismuth ingot producers' monthly output from 2022-05 to 2023-05 by province (t) 5
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2022-05 to 2023-05 (t) 6
Table 4 Top six bismuth ingot export destinations for China in Apr 2023 (kg) 6


.Asian Metal Copyright6% YOY in Jan-Apr 2 3 Market Movements 2 3Asian Metal Copyright