Bismuth Market Report December 2016
2017-01-22 17:44:45 【Print】
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As private investors had entered the bismuth ingot market, trying to drive prices up, most producers were positive about the market outlook in early December, and had a strong inclination to hold firm on prices and take a step back from the market; therefore, bismuth ingot prices moved up continuously to RMB71,000-73,000/t (USD10,254-10,542/t) VAT included ex works and quotations from traders were even as high as RMB74,000-76,000/t (USD10,687-10,976/t); only a few end consumers purchased small volumes of the material from hand to mouth, worrying that prices would go up further, while most end consumers, mainly consuming previously acquired stocks, were in no hurry to purchase. In mid-to-late December, private investment was on the decline, and traders generally watched the market from the sidelines, maintaining a cautious attitude and postponing restocking; overseas consumers gradually left the market for the break and domestic end consumers only purchased from hand to mouth; therefore, the market saw scant transactions. Some producers reduced bismuth ingot prices in a bid to promote transactions and recoup capital to relieve pressure. Therefore, bismuth ingot prices fell back moderately at the end of December.
