Production Reduction Time of Yunnan Silicon Plants being Confirmed

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

[Chongyi Tungsten Enterprise First-Half February Long-Term Contract Information] SMM, February 5: A tungsten enterprise in Chongyi raised its long-term contract purchase prices for the first half of February: 1) 55% black tungsten concentrate: 670,000 yuan/mt, up 147,000 yuan/mt MoM; 2) 55% white tungsten concentrate: 669,000 yuan/mt, up 147,000 yuan/mt MoM; 3) ammonium paratungstate (national standard zero-grade): 970,000 yuan/mt, up 300,000 yuan/mt MoM. Note: The above unit prices include 13% VAT.