Chenzhou Gaoxing reduces bismuth ingot output
2023-03-09 08:30:16 [Print]
BEIJING (Asian Metal) 9 Mar 23 - One major bismuth ingot 99
The source said, "As the prices of bismuth ingot 99.99%min stay rising and most raw materials suppliers hold back from selling, we lack of raw materials and only produced about 100t of bismuth ingot 99 . 99%min totally in February . " As the raw materials' supply keeps tight, they expect to produce no more than 150t in March.
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stock now, in line with the end of last month . They produced about 1,870t in 2022 and around 300t so far in 2023.
Currently, the mainstream prices of Chinese bismuth ingot 99.99%min stand at RMB52,000-53,000/t (USD3 . 39-3.45/lb) EXW D/P, up by RMB500/t (USD0.03/lb) from the end of last week . The current market saw active inquiries and most suppliers marked up the prices further and waited for consumers to bid . Market participants believe that the prevailing prices of Chinese bismuth ingot 99 . 99%min would go up in the coming week.
. 99%min producers located in Chenzhou, China, Chenzhou Gaoxing Nonferrous Metal Co . reduced bismuth ingot 99 . 99%min to around 100t in February, down by around 50% MoM and expects to produce no more than 150t in March, a source from the company disclosed to Asian Metal.
The source said, "As the prices of bismuth ingot 99.99%min stay rising and most raw materials suppliers hold back from selling, we lack of raw materials and only produced about 100t of bismuth ingot 99 . 99%min totally in February . " As the raw materials' supply keeps tight, they expect to produce no more than 150t in March.
The producer, based on a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stock now, in line with the end of last month . They produced about 1,870t in 2022 and around 300t so far in 2023.
Currently, the mainstream prices of Chinese bismuth ingot 99.99%min stand at RMB52,000-53,000/t (USD3 . 39-3.45/lb) EXW D/P, up by RMB500/t (USD0.03/lb) from the end of last week . The current market saw active inquiries and most suppliers marked up the prices further and waited for consumers to bid . Market participants believe that the prevailing prices of Chinese bismuth ingot 99 . 99%min would go up in the coming week.