Chinese bismuth ingot prices increase
2024-04-02 08:23:45 [Print]
BEIJING (Asian Metal) 2 Apr 24 - Most Chinese bismuth suppliers marked up their prices over the past week and most downstream consumers purchased from hand to mouth. Currently, Chinese bismuth ingot 99.99%min mainstream prices move up to RMB56,000-57,000/t (USD3.51-3.57/lb) EXW D/P, up by RMB1,000/t (USD0.06/lb) from one week ago. Considering that most suppliers held limited stocks and intended to raise prices further, insiders believed that the mainstream prices of Chinese bismuth ingot 99.99%min would continue increasing in the following week.
A producer in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices less than RMB56,500/t (USD3.54/lb) EXW D/P today, while they considered selling at the price as low as RMB55,500/t (USD3.48/lb) early last week. "We last sold around 33t at RMB56,500/t (USD3.54/lb) late last week", said the producer. As they held no stocks for selling at present and their clients inquired actively, they intended to raise their price further in the upcoming days. Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99.99%min would increase further 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 April and they produced around 100t last month. They produced about 300t in 2024 and around 1,100t in 2023.
A trader in South China disclosed that they refused to sell bismuth ingot 99.99%min at prices lower than RMB57,000/t (USD3.57/lb) EXW D/P at present, while they could accept the price as low as RMB56,000/t (USD3.51/lb) one week ago. "We just sold 33t at RMB57,000/t (USD3.57/lb) today", said the trader. Given that most producers held back from selling due to limited stocks at present, they would like to raise their price and predicted that the mainstream prices of Chinese bismuth ingot 99.99%min would show a upwards trend in the following week.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expected to sell around 60t this month, in line with last month. They hold around 30t of stocks now, down by 30t from late last month.
A producer in South China disclosed that they they had no intention to sell bismuth ingot 99.99%min at prices less than RMB56,500/t (USD3.54/lb) EXW D/P today, while they considered selling at the price as low as RMB55,500/t (USD3.48/lb) early last week. "We last sold around 33t at RMB56,500/t (USD3.54/lb) late last week", said the producer. As they held no stocks for selling at present and their clients inquired actively, they intended to raise their price further in the upcoming days. Therefore, they forecasted that the mainstream prices of Chinese bismuth ingot 99.99%min would increase further 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 April and they produced around 100t last month. They produced about 300t in 2024 and around 1,100t in 2023.
A trader in South China disclosed that they refused to sell bismuth ingot 99.99%min at prices lower than RMB57,000/t (USD3.57/lb) EXW D/P at present, while they could accept the price as low as RMB56,000/t (USD3.51/lb) one week ago. "We just sold 33t at RMB57,000/t (USD3.57/lb) today", said the trader. Given that most producers held back from selling due to limited stocks at present, they would like to raise their price and predicted that the mainstream prices of Chinese bismuth ingot 99.99%min would show a upwards trend in the following week.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expected to sell around 60t this month, in line with last month. They hold around 30t of stocks now, down by 30t from late last month.
