Bismuth on a strong hold in the western market
2005-10-18 09:29:33 【Print】
BEIJING (Asian Metal) 18 Oct 05 - Bismuth is said to be gravy by market participants as most of them beamishly reported bouncing sales in the range of USD4.5-4.70/lb CIF Rotterdam, and didn’t overlook their run out stock which they replenish as soon as possible for immediate distribution to the long queue buyers.
“The market is really honorable,” said a European trader who puts his price of Bismuth 98%min at USD4.03/lb delivered to customers “Last week we sold around 2t and we are confident of a new deal before the end of the week.”
While acknowledging the soundness of the market, in relation to the price, the source reported to Asian Metal a price of USD4.38/lb for 99.99%min. depending on where the goods is going to be shipped.
Stemmed up by healthy demand, analysts conceive an uninterrupted market growth till the end of the year, although they think the price might not frog jump. Evidently endorsing the groovy market, a Japan trader said, “The market is bouncing here, and we hope it will continue to roll this way.” The source whose price hangs at USD4.45-4.70/lbCIF Japan port buys from China and sells in Japan.
However, in South Korea, the market is playing quite high with traders reporting bang-up sales especially in Korean market at what a producer called “a very dandy price” but refused to disclose the price range. Meanwhile, another South Korean source reported a price of around USD4.67/lb delivered to customers with a comment that the market is good.
“The market is really honorable,” said a European trader who puts his price of Bismuth 98%min at USD4.03/lb delivered to customers “Last week we sold around 2t and we are confident of a new deal before the end of the week.”
While acknowledging the soundness of the market, in relation to the price, the source reported to Asian Metal a price of USD4.38/lb for 99.99%min. depending on where the goods is going to be shipped.
Stemmed up by healthy demand, analysts conceive an uninterrupted market growth till the end of the year, although they think the price might not frog jump. Evidently endorsing the groovy market, a Japan trader said, “The market is bouncing here, and we hope it will continue to roll this way.” The source whose price hangs at USD4.45-4.70/lbCIF Japan port buys from China and sells in Japan.
However, in South Korea, the market is playing quite high with traders reporting bang-up sales especially in Korean market at what a producer called “a very dandy price” but refused to disclose the price range. Meanwhile, another South Korean source reported a price of around USD4.67/lb delivered to customers with a comment that the market is good.
