Bismuth Market Report February 2017

Prices for Chinese bismuth ingot 99.Asian Metal Copyright In mid-to-late February, some producers were forced to shut down for rectification due to the environmental protection inspections; market players therefore were optimistic about the market outlook and raised prices to more than RMB70,000t VAT included ex works.Asian Metal Copyright99%min trended upward in February.Asian Metal Copyright Traders held different attitudes towards the market outlook; some with optimism purchased actively as they thought that the environmental protection inspections had impacted the bismuth ingot production greatly; while some were in no hurry to restock but sold enthusiastically at RMB70,000t VAT included ex works higher considering the weak demand.Asian Metal Copyright Early this month, bismuth ingot producers gradually recovered production after the Spring Festival holiday but as logistics had yet to recover completely, the market was quite. In mid-to-late February, some producers were forced to shut down for rectification due to the environmental protection inspections; market players therefore were optimistic about the market outlook and raised prices to more than RMB70,000/t VAT included ex works.Asian Metal Copyright99%min trended upward in February.Asian Metal Copyright However, downstream demand remained sluggish with major consumers having singed long-term contracts and only some sourcing bismuth ingot in the spot market. Traders held different attitudes towards the market outlook; some with optimism purchased actively as they thought that the environmental protection inspections had impacted the bismuth ingot production greatly; while some were in no hurry to restock but sold enthusiastically at RMB70,000/t VAT included ex works higher considering the weak demand.
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