Monthly Bismuth Market Report Feb 2023

Contents

1 Market Highlights 2
2. Economy and Policy 2
2.1 IMF raises forecast for global economic growth in 2023 to 2.9% 2
2.2 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 2
2.3 China issues Action Plan for Development of Intelligent Detection Equipment Industry (2023-2025) 2
2.4 Beijing-Tianjin-Hebei Region's economic aggregate exceeds RMB1 billion 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright99%min delivered prices 5 6.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright2.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright99%min in warehouse Rotterdam 5 6.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 3
3.3.Asian Metal Copyright1 IMF raises forecast for global economic growth in 2023 to 2.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 3
3.3.Asian Metal Copyright99%min FOB China prices 5 6.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright1 Chinese bismuth ingot 99.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
4.1 Chenzhou Xiongfeng keeps decreasing bismuth ingot output 3
4.2 Jingyuan Gaoneng decreases bismuth ingot output 3
4.3 Zhongde Environmental to resume bismuth ingot production 3
4.4 Guixi Dasanyuan to reduce bismuth ingot output 4
4.5 Zhongde Environmental to resume bismuth ingot production 4
4.6 Guixi Dasanyuan to reduce bismuth ingot output 4
5 Producers Statistics 4
5.1 AM Stats: Chinese bismuth ingot producers' operating rate down by 6.97% MoM in Feb 2023 4
5.2 AM Stats: Chinese bismuth ingot producers' output up by 20.57% YoY in Feb 2023 4
5.3 AM Stats: Chinese bismuth ingot producers' inventory up by 16.62% MoM in late Feb 2023 5
6 Market Outlook for Next Month 5
6.1 Chinese bismuth ingot 99.99%min prices EXW 5
6.2 Chinese bismuth oxide 99.9%min EXW prices 5
6.3 Chinese bismuth ingot 99.99%min FOB China prices 5
6.4 European bismuth ingot 99.99%min in warehouse Rotterdam 5
6.5 American bismuth ingot 99.99%min delivered prices 5
6.6 Indian bismuth ingot 99.99%min delivered prices 5

Graph

Graph 1 Chinese bismuth ingot 99.99%min price trend from 2023-01-01 to 2023-02-28 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2023-01-01 to 2023-02-28 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2023-01-01 to 2023-02-28 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2023-01-01 to 2023-02-28 (USD/lb) 3
Graph 5 American bismuth ingot 99.99%min price trend from 2023-01-01 to 2023-02-28 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2023-01-01 to 2023-02-28 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2022-02 to 2023-02 (%) 4
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2022-02 to 2023-02 (%) 4
Graph 9 Chinese bismuth ingot producers' monthly output from 2022-02 to 2023-02 (t) 4
Graph 10 Chinese bismuth ingot producers' monthly output from 2022-02 to 2023-02 by province (t) 4
Graph 11 Chinese bismuth ingot producers' inventory by month from 2022-02 to 2023-02 (t) 5
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2022-02 to 2023-02 (t) 5

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2022-02 to 2023-02 4
Table 2 Chinese bismuth ingot producers' monthly output from 2022-02 to 2023-02 by province (t) 5
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2022-02 to 2023-02 (t) 5


.Asian Metal Copyright2 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 2 2Asian Metal Copyright