Chinese bismuth ingot prices move up
2024-04-10 08:25:58 [Print]
BEIJING (Asian Metal) 10 Apr 24 - Most Chinese bismuth suppliers lift their prices further over the past week while most downstream consumers purchased with cautious attitudes. Currently, Chinese bismuth ingot 99.99%min mainstream prices increase to RMB56,500-57,500/t (USD3.54-3.60/lb) EXW D/P, increased by RMB500/t (USD0.03/lb) from early last week. Given that suppliers have no intention to lower prices and the downstream hold cautious attitudes, insiders predict that the mainstream prices of Chinese bismuth ingot 99.99%min would remain steady in the following days.
A trader in Shanghai discloses that most producers refuse 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 RMB56,500/t (USD3.54/lb) one week ago. "We just purchased 33t at RMB57,000/t (USD3.57/lb) yesterday", said the trader. As their downstream clients just purchase from hand to mouth and have no intention to accept higher prices, they predict that the mainstream prices of Chinese bismuth ingot 99.99%min would show a stable trend in the following days.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expects to sell around 60t this month and sold about 75t last month. They hold around 30t of stocks now, in line with late last month.
A producer in Hunan discloses that they quote RMB57,500/t (USD3.60/lb) EXW D/P for sell bismuth ingot 99.99%min and have no intention to sell at prices less than RMB57,000/t (USD3.57/lb) today, while they considered selling at the price as low as RMB56,500/t (USD3.54/lb) early last week. "We just sold around 33t at RMB57,000/t (USD3.57/lb) today and have an order for 33t under negotiation", said the producer. As their clients refuse to purchase at higher prices, they forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would remain firm in the upcoming days.
The producer, based on a production capacity of 2,000tpy of bismuth ingot 99.99%min, holds 120t of stocks now, in line with last month. They expect to produce around 120t in April and they produced around 120t last month. They produced around 930t in 2023 and about 120t so far in 2024.
A trader in Shanghai discloses that most producers refuse 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 RMB56,500/t (USD3.54/lb) one week ago. "We just purchased 33t at RMB57,000/t (USD3.57/lb) yesterday", said the trader. As their downstream clients just purchase from hand to mouth and have no intention to accept higher prices, they predict that the mainstream prices of Chinese bismuth ingot 99.99%min would show a stable trend in the following days.
The trader, with a regular monthly trading volume of 60t of bismuth ingot 99.99%min, expects to sell around 60t this month and sold about 75t last month. They hold around 30t of stocks now, in line with late last month.
A producer in Hunan discloses that they quote RMB57,500/t (USD3.60/lb) EXW D/P for sell bismuth ingot 99.99%min and have no intention to sell at prices less than RMB57,000/t (USD3.57/lb) today, while they considered selling at the price as low as RMB56,500/t (USD3.54/lb) early last week. "We just sold around 33t at RMB57,000/t (USD3.57/lb) today and have an order for 33t under negotiation", said the producer. As their clients refuse to purchase at higher prices, they forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would remain firm in the upcoming days.
The producer, based on a production capacity of 2,000tpy of bismuth ingot 99.99%min, holds 120t of stocks now, in line with last month. They expect to produce around 120t in April and they produced around 120t last month. They produced around 930t in 2023 and about 120t so far in 2024.
