Hunan Company Concludes Bismuth Concentrate Bidding for 2026 Delivery Above Reserve Price

SMM, June 3 — According to customs data, China's cadmium telluride exports have risen for three consecutive months. After reaching 48 tonnes in February, export volumes climbed to 64 tonnes in March and further surged to 80 tonnes in April. Market participants noted that this increase in export volumes is well reflected in the persistently rising domestic tellurium prices.

Multiple Factors Converge to Drive Tellurium Prices Gradually Higher

According to SMM's assessment, China's refined bismuth production in May 2026 is expected to decline significantly by approximately 17% month-on-month compared to April's national refined bismuth output, representing a notable decrease. Many market participants expect that as the country enters summer, the tight raw material situation at bismuth smelters nationwide will remain difficult to ease. There is a high likelihood that production will continue to be constrained, and refined bismuth output is more likely to remain stable, though a continued gradual decline cannot be ruled out.