Chinese bismuth ingot prices move up
2024-03-12 08:30:29 [Print]
BEIJING (Asian Metal) 12 Mar 24 - Most Chinese bismuth suppliers lifted their prices further over the past week and most downstream consumers still watched the market
A trader in South China disclosed that most producers refused to sell bismuth ingot 99.99%min at prices lower than RMB54,500/t (USD3.43/lb) EXW D/P at present, while they could accept the price as low as RMB54,000/t (USD3.40/lb) one week ago. "We last purchased 33t at RMB52,500/t (USD3.31/lb) two weeks ago", said the trader . As their downstream clients just purchased from hand to mouth, they had no intention to accept higher prices and predicted that the mainstream prices of Chinese bismuth ingot 99 . 99%min would show a stable trend in the following week.
The trader, with a regular monthly trading volume of 30t of bismuth ingot 99.99%min, expected to sell around 30t this month and sold about 15t last month . They hold around 30t of stocks now, in line with late last week.
A producer in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices less than RMB55,000/t (USD3.46/lb) EXW D/P today, while they considered selling at the price as low as RMB54,500/t (USD3.43/lb) early last week. "We last sold around 33t at RMB53,500/t (USD3.37/lb) late last month", said the trader . Despite that they received 3-4 inquiries late last week, they held back from selling due to limited stocks at present . Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99 . 99%min would remain firm in the upcoming week.
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stocks now, in line with last month . They expected to produce around 100t in March and they produced around 100t last month . They produced about 1,870t in 2022 and around 1,100t in 2023.
. Currently, Chinese bismuth ingot 99.99%min mainstream prices increased to RMB54,000-55,000/t (USD3 . 40-3.46/lb) EXW D/P, up by RMB500/t (USD0.03/lb) from one week ago . Considering that the downstream stayed in no hurry to place orders, insiders believed that the mainstream prices of Chinese bismuth ingot 99 . 99%min would stay unmoved in the following week.
A trader in South China disclosed that most producers refused to sell bismuth ingot 99.99%min at prices lower than RMB54,500/t (USD3.43/lb) EXW D/P at present, while they could accept the price as low as RMB54,000/t (USD3.40/lb) one week ago. "We last purchased 33t at RMB52,500/t (USD3.31/lb) two weeks ago", said the trader . As their downstream clients just purchased from hand to mouth, they had no intention to accept higher prices and predicted that the mainstream prices of Chinese bismuth ingot 99 . 99%min would show a stable trend in the following week.
The trader, with a regular monthly trading volume of 30t of bismuth ingot 99.99%min, expected to sell around 30t this month and sold about 15t last month . They hold around 30t of stocks now, in line with late last week.
A producer in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices less than RMB55,000/t (USD3.46/lb) EXW D/P today, while they considered selling at the price as low as RMB54,500/t (USD3.43/lb) early last week. "We last sold around 33t at RMB53,500/t (USD3.37/lb) late last month", said the trader . Despite that they received 3-4 inquiries late last week, they held back from selling due to limited stocks at present . Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99 . 99%min would remain firm in the upcoming week.
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stocks now, in line with last month . They expected to produce around 100t in March and they produced around 100t last month . They produced about 1,870t in 2022 and around 1,100t in 2023.