Monthly Bismuth Market Report Jul 2021

Contents

1 Market Highlights 2
2 Economy and Policy 2
2.1 MIIT to ensure supply of bulk commodities and stabilize prices 2
2.1 NDRC holds national price work conference 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright6 58.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright99%min FOB China prices 6 7.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright3.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 3
3.3.Asian Metal Copyright68% MoM in June 2021 6 7 Market Outlook for Next Month 6 7.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 3
3.3.Asian Metal Copyright1 NDRC holds national price work conference 2 3 Market Movements 2 3.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright86t of small crude bismuth inventory of Hunan Jinwang Bismuth to be auctioned 4 4.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
4.1 Zhongde Environmental Protection resumes bismuth ingot production 3
4.2 Henan Jinli sees increase in bismuth ingot production 3
4.3 Jingui Silver terminates bismuth ingot production 3
4.4 Crude bismuth stocks of Hunan Jinwang Bismuth to be auctioned 4
4.5 126t big crude bismuth inventory of Hunan Jinwang Bismuth to be auctioned 4
4.6 58.86t of small crude bismuth inventory of Hunan Jinwang Bismuth to be auctioned 4
4.7 Hunan Jinwang Bismuth's 263t of big crude bismuth stocks to be auctioned 4
4.8 Auction result of crude bismuth held by Hunan Jinwang Bismuth 4
4.9 Hunan Jinwang Bismuth announces auction result for 18t of big crude bismuth 4
4.10 Auction result for 263t of big crude bismuth held by Hunan Jinwang Bismuth 4
4.11 Hunan Jinwang Bismuth announces auction result for 80.79t of big crude bismuth 4
4.12 Hunan Jinwang Bismuth announces auction result for 58.86t of small crude bismuth 4
4.13 Henan Yuguang Gold & Lead announces bidding result for sales of bismuth ingot 4
5 Producers Statistics 4
5.1 AM Stats: Chinese bismuth ingot producers' operating rate down by 9.70% YoY in jul 2021 4
5.2 AM Stats: Chinese bismuth ingot producers' output down by 26.28% YoY in Jul 2021 5
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 0.46%% YoY in late Jul 2021 5
6 Export Statistics 6
6.1 China's exports of bismuth ingot up by 21.68% MoM in June 2021 6
7 Market Outlook for Next Month 6
7.1 Chinese bismuth ingot 99.99%min prices EXW 6
7.2 Chinese bismuth ingot 99.99%min FOB China prices 6
7.3 Chinese bismuth oxide 99.9%min EXW prices 6
7.4 European bismuth ingot 99.99%min in warehouse Rotterdam 6
7.5 American bismuth ingot 99.99%min delivered prices 6
7.6 Indian bismuth ingot 99.99%min delivered prices 6

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2021-06-01 to 2021-07-31 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2021-06-01 to 2021-07-31 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2021-06-01 to 2021-07-31 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2021-06-01 to 2021-07-31 (USD/lb) 3
Graph 5 American bismuth ingot 99.99%min price trend from 2021-06-01 to 2021-07-31 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2021-06-01 to 2021-07-31 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2020-07 to 2021-07 (%) 4
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2020-07 to 2021-07 (%) 5
Graph 9 Chinese bismuth ingot producers' monthly output from 2020-07 to 2021-07 (t) 5
Graph 10 Chinese bismuth ingot producers' monthly output from 2020-07 to 2021-07 by province (t) 5
Graph 11 Chinese bismuth ingot producers' inventory by month from 2020-07 to 2021-07 (t) 5
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2020-07 to 2021-07 (t) 5

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2020-07 to 2021-07 5
Table 2 Chinese bismuth ingot producers' monthly output from 2020-07 to 2021-07 by province (t) 5
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2020-07 to 2021-07 (t) 6
Table 4 Top three bismuth ingot export destinations for China in April 2021 (t) 6


.Asian Metal Copyright86t of small crude bismuth inventory of Hunan Jinwang Bismuth to be auctioned 4 4Asian Metal Copyright