Bismuth Market prices continue to fall-SMM Bismuth spot Weekly (2020.4.13-2020.4.17)

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SMM, 17 April:

Market summary: bismuth prices continue to decline this week, the current domestic and foreign demand is still no significant improvement, in addition to some just needed and a small amount of speculative demand, the composition of market trading volume has not been significantly improved compared with the previous period. Market concerns continue to discourage some traders from building positions and remain on the sidelines. Suppliers have continued to speed up price cuts this week. For example, some bismuth plants continue to keep inventory as far as possible, speed up the flow of finished products to the market, and reduce inventory pressure. Some traders in the market are starting to ship cheaply and withdraw money. This has led to new lows in the market. By the end of this week, the mainstream price of SMM bismuth ingots was 32000-33000 yuan / ton, down 1000 yuan / ton compared with last week. According to the grapevine, there are already a small number of resources less than 32000 yuan / ton in the market, and the resources at such prices are expected to continue to increase gradually.

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At present, the consumer side of bismuth ingots, downstream buyers of wait-and-see sentiment is still quite heavy, according to market participants, because the downstream inventory is still relatively sufficient, so the current inquiry mentality is only to try the water, to see if there are low price resources to reach the heart price, but the actual desire to buy is general. According to market participants, in order to ensure shipment volume, some businesses still choose to meet the purchase psychological price of downstream users as much as possible while negotiating amicably, which has also led to a continuous downward shift in the center of gravity of the market price. It is expected that the market price will likely appear a new low next week.