Chinese bismuth ingot prices to stabilized
2023-04-04 08:22:37 [Print]
BEIJING (Asian Metal) 4 Apr 23 - Chinese bismuth ingot 99.99%min suppliers generally began to offer actively since early this week and the market began to see stable deals. Currently, the mainstream prices of Chinese bismuth ingot 99.99%min hover at RMB56,500-57,500/t (USD3.72-3.79/lb) EXW D/P, in line with the end of last week. Market participant believe that the prevailing prices of Chinese bismuth ingot 99.99%min would tend to stabilized within this week considering that most downstream consumers could not accept any higher prices now.
A South-China-based producer noted that, "We forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would hardly increase further within this week as we could not accept any higher price with no purchase plans now." Their regular suppliers generally offer RMB59,000/t (USD3.89/lb) EXW D/P for bismuth ingot 99.99%min at present and refuse to lower the price even for firm bids, the same as the end of last week, while they could not accept any price higher than RMB57,000/t (USD3.75/lb) EXW D/P and tend to watch the market in rest days of this week. They last purchased around 33t at RMB57,000/t (USD3.75/lb) EXW D/P one week ago.
The consumer, based on a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce about 300t this month, the same as last month. They hold no inventory at present, in line with the end of last month. They consumed around 1,800t in 2022 and around 600t so far in 2023.
"We plan to sell around 65t of bismuth ingot 99.99%min within this week with a bottom price of RMB57,000/t (USD3.75/lb) EXW D/P at present as we expect that the prevailing prices of the materials could not increase further within this week," a producer in Southern China disclosed, adding that they still insisted on RMB57,000/t (USD3.75/lb) EXW D/P late last week. They last sold around 65t at RMB56,500/t (USD3.72/lb) EXW D/P last Monday and prefer to watch the market with firm offers now.
The producer, having a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce about 150t in April, unchanged from last month. They hold around 190t of stocks now, in line with the end of March. They produced around 1,650t in 2022 and about 450t in the past three months in 2023.
A South-China-based producer noted that, "We forecast that the mainstream prices of Chinese bismuth ingot 99.99%min would hardly increase further within this week as we could not accept any higher price with no purchase plans now." Their regular suppliers generally offer RMB59,000/t (USD3.89/lb) EXW D/P for bismuth ingot 99.99%min at present and refuse to lower the price even for firm bids, the same as the end of last week, while they could not accept any price higher than RMB57,000/t (USD3.75/lb) EXW D/P and tend to watch the market in rest days of this week. They last purchased around 33t at RMB57,000/t (USD3.75/lb) EXW D/P one week ago.
The consumer, based on a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce about 300t this month, the same as last month. They hold no inventory at present, in line with the end of last month. They consumed around 1,800t in 2022 and around 600t so far in 2023.
"We plan to sell around 65t of bismuth ingot 99.99%min within this week with a bottom price of RMB57,000/t (USD3.75/lb) EXW D/P at present as we expect that the prevailing prices of the materials could not increase further within this week," a producer in Southern China disclosed, adding that they still insisted on RMB57,000/t (USD3.75/lb) EXW D/P late last week. They last sold around 65t at RMB56,500/t (USD3.72/lb) EXW D/P last Monday and prefer to watch the market with firm offers now.
The producer, having a production capacity of 3,600tpy of bismuth ingot 99.99%min, expects to produce about 150t in April, unchanged from last month. They hold around 190t of stocks now, in line with the end of March. They produced around 1,650t in 2022 and about 450t in the past three months in 2023.
