Bismuth firm in China

BEIJING (Asian Metal) 07-Jan-05   The bismuth remains relatively firm in China market at present with the current price at rmb64,000-66,000/t ex works or $3.18-3.23/lb CIF Europe.

“We hold the price at the high level of rmb66,000/t ex works, which is still acceptable by domestic buyers now,” a Jiangxi based smelter told Asian Metal today, adding," the export condition is still poor and we nearly had no new export orders for months."

Now the firm has about 20-30t spot materials available, but it would not sell at a comparatively low price of under rmb66,000/t for too little profit.

A Hunan based trader also reported that he has little export business for bismuth currently for smelters insist on the price over rmb64000/t ($3.17/lb CIF Europe) while the international price hovers at a low level of around $3.2/lb.Asian Metal Copyright “We hold the price at the high level of rmb66,000t ex works, which is still acceptable by domestic buyers now,” a Jiangxi based smelter told Asian Metal today, adding," the export condition is still poor and we nearly had no new export orders for months.Asian Metal Copyright “The profit is too small.Asian Metal Copyright17lb CIF Europe while the international price hovers at a low level of around $3.Asian Metal Copyright And I think that it is reasonable for us to contract at a price of about $3.3/lb,” added the manager.