Chinese bismuth ingot market movements slowly
2023-04-13 08:09:13 [Print]
BEIJING (Asian Metal) 13 Apr 23 - Chinese bismuth ingot 99.99%min producers generally held back from offering without any stock at present, while the market movements slowly as downstream consumers generally watch the market now. Currently, the mainstream prices of Chinese bismuth ingot 99.99%min increase to RMB57,500-58,500/t (USD3.79-3.85/lb) EXW D/P, up by RMB1,000/t (USD0.07/lb) from the end of last week. Insiders believe that the prevailing prices of Chinese bismuth ingot 99.99%min would remain rising in the coming week supported by higher prices from producers.
A South-China-based producer noted that, "As we hold limited stocks of bismuth ingot 99.99%min now, we hold back from offering with a bottom price of RMB59,000/t (USD3.89/lb) EXW D/P only for regular clients, and we only sold around 3t of bismuth ingot 99.99%min since early this week." They also did not close any deal last week. However, they usually could sell no less than 20t a week. They last sold around 3t at RMB60,500/t (USD3.98/lb) EXW D/P early this week. Driven by tight supply from producers, they expect that the mainstream prices of Chinese bismuth ingot 99.99%min would go up further next week.
The producer, with a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stock now, unchanged from the end of March. They expect to produce around 200t this month, the same as last month. They produced about 1,870t in 2022 and around 500t in the past three months in 2023.
Another producer in Northern China mentioned that, "We did not close any bismuth ingot 99.99%min deal since early April as we hold no stock for selling and also did not receive any inquiry from consumers till now." They still could close no less than 33t a week during last month and last sold around 33t at RMB57,700/t (USD3.80/lb) EXW D/P in the past three months ago. They forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would rise slightly in the following week as they hold a bottom price of RMB59,000/t (USD3.89/lb) EXW D/P presently.
The producer, having a production capacity of 3,200tpy of bismuth ingot 99.99%min, holds no inventory presently, the same as the end of last month. They expect to produce about 270t in April, almost unchanged from March. They produced about 2,860t in 2022 and around 900t so far in 2023.
A South-China-based producer noted that, "As we hold limited stocks of bismuth ingot 99.99%min now, we hold back from offering with a bottom price of RMB59,000/t (USD3.89/lb) EXW D/P only for regular clients, and we only sold around 3t of bismuth ingot 99.99%min since early this week." They also did not close any deal last week. However, they usually could sell no less than 20t a week. They last sold around 3t at RMB60,500/t (USD3.98/lb) EXW D/P early this week. Driven by tight supply from producers, they expect that the mainstream prices of Chinese bismuth ingot 99.99%min would go up further next week.
The producer, with a production capacity of 4,800tpy of bismuth ingot 99.99%min, holds no stock now, unchanged from the end of March. They expect to produce around 200t this month, the same as last month. They produced about 1,870t in 2022 and around 500t in the past three months in 2023.
Another producer in Northern China mentioned that, "We did not close any bismuth ingot 99.99%min deal since early April as we hold no stock for selling and also did not receive any inquiry from consumers till now." They still could close no less than 33t a week during last month and last sold around 33t at RMB57,700/t (USD3.80/lb) EXW D/P in the past three months ago. They forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would rise slightly in the following week as they hold a bottom price of RMB59,000/t (USD3.89/lb) EXW D/P presently.
The producer, having a production capacity of 3,200tpy of bismuth ingot 99.99%min, holds no inventory presently, the same as the end of last month. They expect to produce about 270t in April, almost unchanged from March. They produced about 2,860t in 2022 and around 900t so far in 2023.
