Monthly Bismuth Market Report Nov 2021

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 NDRC: Power plants' coal stocks exceed 143 million tons 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright3 Chinese bismuth ingot 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright62% YoY in late Nov 2021 4 6 Export Statistics 4 6.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright99%min price trend from 2021-10-01 to 2021-11-30 USDlb 2 Graph 5 American bismuth ingot 99.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 2
3.3.Asian Metal Copyright99%min FOB China 2 3.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 2
3.3.Asian Metal Copyright1 Bismuth Ingot 99.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright1 Bismuth Ingot 99.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
4.1 Guixi Grand Sanyuan to reduce bismuth ingot production 3
4.2 Chenzhou Xiongfeng to resume bismuth ingot production 3
4.3 Gejiu Lianxing resumes bismuth ingot production 3
5 Producers Statistics 3
5.1 AM Stats: Chinese bismuth ingot producers' operating rate up by 14.90% YoY in Nov 2021 3
5.2 AM Stats: Chinese bismuth ingot producers' output up by 12.62% MoM in Nov 2021 4
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 63.62% YoY in late Nov 2021 4
6 Export Statistics 4
6.1 China's exports of bismuth ingot down by 46.05% MoM in Oct 2021 4
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 2021-10-01 to 2021-11-30 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2021-10-01 to 2021-11-30 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2021-10-01 to 2021-11-30 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2021-10-01 to 2021-11-30 (USD/lb) 2
Graph 5 American bismuth ingot 99.99%min price trend from 2021-10-01 to 2021-11-30 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2021-10-01 to 2021-11-30 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2020-11 to 2021-11 (%) 3
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2020-11 to 2021-11 (%) 3
Graph 9 Chinese bismuth ingot producers' monthly output from 2020-11 to 2021-11 (t) 4
Graph 10 Chinese bismuth ingot producers' monthly output from 2020-11 to 2021-11 by province (t) 4
Graph 11 Chinese bismuth ingot producers' inventory by month from 2020-11 to 2021-11 (t) 4
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2020-11 to 2021-11 (t) 4

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2020-11 to 2021-11 4
Table 2 Chinese bismuth ingot producers' monthly output from 2020-11 to 2021-11 by province (t) 4
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2020-11 to 2021-11 (t) 4
Table 4 Top three bismuth ingot export destinations for China in Aug 2021 (t) 4


.Asian Metal Copyright3 International Market 2 3Asian Metal Copyright