Chinese bismuth ingot prices steady
2024-04-17 08:29:46 [Print]
BEIJING (Asian Metal) 17 Apr 24 - Most Chinese bismuth ingot 99.99%min producers keep their prices steady supported by high raw material prices, while most downstream clients stood on sidelines towards the current high prices. Currently, Chinese bismuth ingot 99.99%min mainstream prices hover at RMB56,500-57,500/t (USD3.54-3.60/lb) EXW D/P, in line with late last week. Given that most suppliers have no intention to lower prices supported by limited stocks while consumers stay in no hurry to place orders, insiders predict that the mainstream prices of Chinese bismuth ingot 99.99%min would remain stable in the upcoming days.
A producer in Hunan discloses that they consider selling bismuth ingot 99.99%min at the price as low as RMB57,500/t (USD3.60/lb) EXW D/P for orders no less than 30t presently, in line with late last week. "We last sold 33t at RMB57,800/t (USD3.62/lb) early last week", said the producer. Given that the raw material prices stand high and they have difficulty in replenishing inventory now, they predict that the mainstream prices of Chinese bismuth ingot 99.99%min would hover at the current level in the upcoming days.
The producer, based on a production capacity of 4,000tpy of bismuth ingot 99.99%min, expects to produce almost 200t this month and produced about 200t in March. They hold nearly no stocks now, in line with the end of last month.
A trader mentions that they consider selling bismuth ingot 99.99%min at the price as low as RMB57,500/t (USD3.60/lb) EXW D/P presently, without much change from late last week. They last sold almost 33t at RMB56,000/t (USD3.51/lb) late last month. The trader said, "We failed to conclude any deal this week as most clients stay in no hurry to purchase at the current prices, while we have no intention to lower prices supported by firm prices from producers". Therefore, they believe that the mainstream prices of Chinese bismuth ingot 99.99%min would hover at the current level in the upcoming week.
The trader, with a regular monthly trading volume of 150t of bismuth ingot 99.99%min, expects to sell around 90t this month, down by 60t from last month. They hold around 200t of stocks now, the same as the end of last month.
A producer in Hunan discloses that they consider selling bismuth ingot 99.99%min at the price as low as RMB57,500/t (USD3.60/lb) EXW D/P for orders no less than 30t presently, in line with late last week. "We last sold 33t at RMB57,800/t (USD3.62/lb) early last week", said the producer. Given that the raw material prices stand high and they have difficulty in replenishing inventory now, they predict that the mainstream prices of Chinese bismuth ingot 99.99%min would hover at the current level in the upcoming days.
The producer, based on a production capacity of 4,000tpy of bismuth ingot 99.99%min, expects to produce almost 200t this month and produced about 200t in March. They hold nearly no stocks now, in line with the end of last month.
A trader mentions that they consider selling bismuth ingot 99.99%min at the price as low as RMB57,500/t (USD3.60/lb) EXW D/P presently, without much change from late last week. They last sold almost 33t at RMB56,000/t (USD3.51/lb) late last month. The trader said, "We failed to conclude any deal this week as most clients stay in no hurry to purchase at the current prices, while we have no intention to lower prices supported by firm prices from producers". Therefore, they believe that the mainstream prices of Chinese bismuth ingot 99.99%min would hover at the current level in the upcoming week.
The trader, with a regular monthly trading volume of 150t of bismuth ingot 99.99%min, expects to sell around 90t this month, down by 60t from last month. They hold around 200t of stocks now, the same as the end of last month.
