Chinese bismuth ingot prices keep moving up
2023-03-15 08:29:58 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Driven by active buying activities from Chinese bismuth ingot 99.99%min traders and limited stocks from producers, currently, the mainstream prices of Chinese bismuth ingot 99.99%min continue going up to RMB54,500-55,500/t (USD3.60-3.66/lb) EXW D/P, an increase of RMB2,000/t (USD0.13/lb) from early this week and up by RMB3,000/t (USD0.20/lb) from the beginning of last week. Market participants believe that the prevailing prices of Chinese bismuth ingot 99.99%min would remain moving up further in the coming week considering that most producers would mark up the prices and wait for consumers to bid.
A trader in Southern China disclosed that they offer RMB55,000/t (USD3.63/lb) EXW D/P for bismuth ingot 99.99%min at present and refuse to lower the price even for firm bids as they only hold around 10t of stocks now, while they still could accept RMB51,500/t (USD3.40/lb) EXW D/P early last week, when they sold around 100t totally at RMB51,500/t (USD3.40/lb) EXW D/P. They tend to move up the prices further in rest days of this week as most producers also hold back from selling. The source said, "Traders generally build stocks actively and we forecast that the prevailing prices of Chinese bismuth ingot 99.99%min would show an uptrend in the following week."
The trader, based on a regular monthly trading volume of 50t of bismuth ingot 99.99%min, expects to sell 180t this month and sold about 65t in February. They hold around 10t of stocks now, down by about 20t from late last month. They sold around 600t in 2022 and around 400t so far in 2023.
A producer in Northern China stated that they increased the price of bismuth ingot 99.99%min to RMB57,000/t (USD3.76/lb) EXW D/P at present and could not accept any lower price even for firm bids. However, they still insisted on RMB56,000/t (USD3.69/lb) EXW D/P this Monday and last sold around 175t at this price this Monday. The source said, "We have to do some trading business since last week as our output keeps not enough for selling." They are of the opinion that the mainstream prices of Chinese bismuth ingot 99.99%min would go to RMB60,000/t (USD3.96/lb) EXW D/P in the upcoming week due to limited stocks from producers but strong demand from traders.
The producer, with a production capacity 4,800tpy of bismuth ingot 99.99%min, holds no stock presently, unchanged from the end of last month. They expect to produce around 100t, almost the same as February. They produced about 1,870t in 2022 and around 300t in the past two months in 2023.
A trader in Southern China disclosed that they offer RMB55,000/t (USD3.63/lb) EXW D/P for bismuth ingot 99.99%min at present and refuse to lower the price even for firm bids as they only hold around 10t of stocks now, while they still could accept RMB51,500/t (USD3.40/lb) EXW D/P early last week, when they sold around 100t totally at RMB51,500/t (USD3.40/lb) EXW D/P. They tend to move up the prices further in rest days of this week as most producers also hold back from selling. The source said, "Traders generally build stocks actively and we forecast that the prevailing prices of Chinese bismuth ingot 99.99%min would show an uptrend in the following week."
The trader, based on a regular monthly trading volume of 50t of bismuth ingot 99.99%min, expects to sell 180t this month and sold about 65t in February. They hold around 10t of stocks now, down by about 20t from late last month. They sold around 600t in 2022 and around 400t so far in 2023.
A producer in Northern China stated that they increased the price of bismuth ingot 99.99%min to RMB57,000/t (USD3.76/lb) EXW D/P at present and could not accept any lower price even for firm bids. However, they still insisted on RMB56,000/t (USD3.69/lb) EXW D/P this Monday and last sold around 175t at this price this Monday. The source said, "We have to do some trading business since last week as our output keeps not enough for selling." They are of the opinion that the mainstream prices of Chinese bismuth ingot 99.99%min would go to RMB60,000/t (USD3.96/lb) EXW D/P in the upcoming week due to limited stocks from producers but strong demand from traders.
The producer, with a production capacity 4,800tpy of bismuth ingot 99.99%min, holds no stock presently, unchanged from the end of last month. They expect to produce around 100t, almost the same as February. They produced about 1,870t in 2022 and around 300t in the past two months in 2023.
