Chinese bismuth ingot prices increase
2023-03-08 08:32:17 [Print]
BEIJING (Asian Metal) 8 Mar 23 - Chinese bismuth ingot 99.99%min market saw active inquiries over the past week as most downstream consumers build stocks actively due to increasing price trend. Currently, the mainstream prices of Chinese bismuth ingot 99.99%min move up to RMB51,800-52,800/t (USD3.39-3.45/lb) EXW D/P, up by RMB300/t (USD0.02/lb) from the end of last week. Insiders believe that the prevailing prices of Chinese bismuth ingot 99.99%min would go up further in the coming week supported by strong prices from producers, who generally hold limited stocks for selling and hold bullish attitudes.
A North-China-based producer noted that they insist on RMB53,000/t (USD3.47/lb) EXW D/P for bismuth ingot 99.99%min only for downstream consumers now and prefer to hold back from selling with limited stocks, while they still could accept RMB52,000/t (USD3.40/lb) EXW D/P one week ago. They started to watch the market since the end of last month with bullish attitudes towards the market and last sold around 33t at RMB50,500/t (USD3.30/lb) EXW D/P late last month. The source said, "Considering that the supply keeps tight, we believe that the prevailing prices of Chinese bismuth ingot 99.99%min would go up to RMB55,000/t (USD3.60/lb) EXW D/P in the coming week."
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, expects to produce around 400t this month, up by about 100t from last month. They hold limited stocks presently, in line with the end of last month. They started to produce the materials since last July and produced around 1,230t in 2022.
Another producer in Northern China disclosed that they increased the price of bismuth ingot 99.99%min to RMB53,000/t (USD3.47/lb) EXW D/P now and could not lower the price even for firm bids, while they still could accept RMB52,000/t (USD3.40/lb) EXW D/P early last week. As they just sold around 33t at RMB53,000/t (USD3.47/lb) EXW D/P early this week and hold no inventory now, they prefer to watch the market without any offer. "We are of the opinion that the prevailing prices of Chinese bismuth ingot 99.99%min would go up to RMB55,000/t (USD3.60/lb) EXW D/P in the upcoming week due to higher prices from us."
The producer, with a production capacity of 3,200tpy of bismuth ingot 99.99%min, holds no stock now, down by about 100t from the end of last month. They expect to produce around 280t this month, in line with February. They produced about 2,860t in 2022 and around 560t so far in 2023.
A North-China-based producer noted that they insist on RMB53,000/t (USD3.47/lb) EXW D/P for bismuth ingot 99.99%min only for downstream consumers now and prefer to hold back from selling with limited stocks, while they still could accept RMB52,000/t (USD3.40/lb) EXW D/P one week ago. They started to watch the market since the end of last month with bullish attitudes towards the market and last sold around 33t at RMB50,500/t (USD3.30/lb) EXW D/P late last month. The source said, "Considering that the supply keeps tight, we believe that the prevailing prices of Chinese bismuth ingot 99.99%min would go up to RMB55,000/t (USD3.60/lb) EXW D/P in the coming week."
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, expects to produce around 400t this month, up by about 100t from last month. They hold limited stocks presently, in line with the end of last month. They started to produce the materials since last July and produced around 1,230t in 2022.
Another producer in Northern China disclosed that they increased the price of bismuth ingot 99.99%min to RMB53,000/t (USD3.47/lb) EXW D/P now and could not lower the price even for firm bids, while they still could accept RMB52,000/t (USD3.40/lb) EXW D/P early last week. As they just sold around 33t at RMB53,000/t (USD3.47/lb) EXW D/P early this week and hold no inventory now, they prefer to watch the market without any offer. "We are of the opinion that the prevailing prices of Chinese bismuth ingot 99.99%min would go up to RMB55,000/t (USD3.60/lb) EXW D/P in the upcoming week due to higher prices from us."
The producer, with a production capacity of 3,200tpy of bismuth ingot 99.99%min, holds no stock now, down by about 100t from the end of last month. They expect to produce around 280t this month, in line with February. They produced about 2,860t in 2022 and around 560t so far in 2023.
