According to customs data, China's bismuth trioxide exports in December 2025 were 570.97 mt, while November exports were 720.17 mt, showing a significant MoM decrease compared to October. Market participants indicated that, based on the overall change in export volume, exports of domestic bismuth oxide showed a rising trend each month from September to November, with October and November exports returning to above 600 mt, basically reaching normal levels. Although December exports declined somewhat, they remained above 500 mt, indicating that bismuth oxide enterprises still maintained strong export momentum and overseas demand did not decrease significantly.
![December China bismuth trioxide exports retreated [SMM data]](https://imgqn.smm.cn/usercenter/jMeFI20251217171722.jpeg)
![Supply Divergence Leads to Transaction Downturn, Strong Cost Support Keeps Prices Firm [SMM Magnesium Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/hSSxt20251217171722.jpeg)

