Monthly Bismuth Market Report Mar 2022

Contents

1 Market Highlights 2
2. Economy and Policy 2
2.1 45 national clusters' total output value exceeds RMB20 trillion 2
2.2 GACC: China's foreign trade sector begins with steady performance in first two months of 2023 2
2.3 China to cut reserve requirement ratio by 0.25 percentage points 2
2.4 Shanghai's foreign trade hits record high in first two months 2
3 Market Movements 2
3.1 Chinese Market 2
3.1.Asian Metal Copyright48% MoM in Mar 2023 3 5.Asian Metal Copyright1 Bismuth Ingot 99.99%min EXW D/P 2
3.1.Asian Metal Copyright3 China to cut reserve requirement ratio by 0.Asian Metal Copyright2 Bismuth Oxide 99.9%min EXW D/P 2
3.2 Chinese Export Market 2
3.2.Asian Metal Copyright1 AM Stats: Chinese bismuth ingot producers' operating rate dup by 16.Asian Metal Copyright1 Bismuth Ingot 99.99%min FOB China 2
3.3 International Market 3
3.3.Asian Metal Copyright3 AM Stats: Chinese bismuth ingot producers' inventory down by 73.Asian Metal Copyright1 Bismuth Ingot 99.99%min in Rotterdam Warehouse 3
3.3.Asian Metal Copyright3 AM Stats: Chinese bismuth ingot producers' inventory down by 73.Asian Metal Copyright2 Bismuth Ingot 99.99%min Delivered America 3
3.3.Asian Metal Copyright93% YoY in late Mar 2023 5 6 Export Statistics 6 6.Asian Metal Copyright3 Bismuth ingot 99.99%min Delivered India 3
4 Company News 3
4.1 Jingyuan GeoEnviron to increase bismuth ingot production 3
4.2 Chenzhou Gaoxing reduces bismuth ingot output 3
5 Producers Statistics 3
5.1 AM Stats: Chinese bismuth ingot producers' operating rate dup by 16.48% MoM in Mar 2023 3
5.2 AM Stats: Chinese bismuth ingot producers' output up by 31.37% YoY in Mar 2023 4
5.3 AM Stats: Chinese bismuth ingot producers' inventory down by 73.93% YoY in late Mar 2023 5
6 Export Statistics 6
6.1 China's exports of bismuth ingot down by 33.65% YoY in Feb 2023 6
7 Market Outlook for Next Month 6
7.1 Chinese bismuth ingot 99.99%min prices EXW 6
7.2 Chinese bismuth oxide 99.9%min EXW prices 6
7.3 Chinese bismuth ingot 99.99%min FOB China 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 2023-02-01 to 2023-03-31 (RMB/t) 2
Graph 2 Chinese bismuth Oxide 99.9%min price trend from 2023-02-01 to 2023-03-31 (RMB/t) 2
Graph 3 Chinese bismuth ingot 99.99%min FOB price trend from 2023-02-01 to 2023-03-31 (USD/lb) 2
Graph 4 European bismuth ingot 99.99%min price trend from 2023-02-01 to 2023-03-31 (USD/lb) 3
Graph 5 American bismuth ingot 99.99%min price trend from 2023-02-01 to 2023-03-31 (USD/lb) 3
Graph 6 Indian bismuth ingot 99.99%min price trend from 2023-02-01 to 2023-03-31 (INR/kg) 3
Graph 7 Chinese bismuth ingot producers' operating rate from 2022-03 to 2023-03 (%) 3
Graph 8 Chinese bismuth ingot producers' operating rate by province from 2022-03 to 2023-03 (%) 4
Graph 9 Chinese bismuth ingot producers' monthly output from 2022-03 to 2023-03 (t) 4
Graph 10 Chinese bismuth ingot producers' monthly output from 2022-03 to 2023-03 by province (t) 4
Graph 11 Chinese bismuth ingot producers' inventory by month from 2022-03 to 2023-03 (t) 5
Graph 12 Chinese bismuth ingot producers' inventory by month and province from 2022-03 to 2023-03 (t) 5

Table

Table 1 Chinese bismuth ingot producers' operating rate by province from 2022-03 to 2023-03 4
Table 2 Chinese bismuth ingot producers' monthly output from 2022-03 to 2023-03 by province (t) 5
Table 3 Chinese bismuth ingot producers' inventory by month and province from 2022-03 to 2023-03 (t) 5
Table 4 Top seven bismuth ingot export destinations for China in Feb 2023 (kg) 6


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