[SMM bismuth market report] Hunan Shizhuyuan Nonferrous Metals sold 460 mt of bismuth concentrate at a high price

According to official news from Hunan Shizhuyuan Nonferrous Metals Co., the final bidding of 460 physical tons of bismuth concentrate in March 2024 was successfully completed. This batch of 460 physical tons of bismuth concentrate is currently in the storage center of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. According to official news, the bidding was divided into 2 rounds, each with a bidding quantity of 230 physical tons, and was directly auctioned off by a buyer in the south. The final average auction transaction price was around 53000 yuan/mt with metal content. The transaction price was 10000 yuan/mt with metal content higher than the lowest bid price of 43200 yuan/mt with metal content. Some market participants said that such auction prices also prove that with the gradual recovery of market transactions in March, the confidence in the bismuth market continues to recover. The previous bidding results also indicate that both suppliers and end-users are relatively optimistic about the market outlook. Market participants also said that after adding processing costs, the cost of producing this batch of bismuth concentrate into refined bismuth is already much higher than the current market price of refined bismuth. As a result, the market price of bismuth can be expected to strengthen in the future. This undoubtedly adds a lot of confidence to the refined bismuth market.