Market Summary: this week, the falling sentiment in the bismuth ingot market continued, in order to fear that it would be difficult to restore the willingness to purchase downstream, while the holding pressure of the production suppliers increased, the selling and cash exchange thinking was still adopted for the production turnover, and the quotation was constantly lowered. However, the source of customers is still scarce, the market shows a price without a market, to the weekend SMM bismuth ingot transaction price in 42500-44000 yuan / ton, the average price down 1750 yuan / ton compared with last week.
Factory dynamics: after bismuth prices fall below the previous resistance level of 46000 yuan / ton, the resistance of production enterprises has also been repeatedly reduced, and most of them are still for the main purpose of shipment, because although they are in the downward channel, the raw material procurement prices are also down. Locking in space is still profitable, at least the processing fee is expected to ensure normal production, and small factories resume production rapidly under the reduction of the frequency of environmental inspection in the main producing areas. The supply of goods is always sold at about 2000 yuan / ton below the market price. Drag on the willingness of production enterprises to raise prices, the market is getting weaker and weaker.
Raw materials: bismuth ingot market consumption is not good, the market is depressed, so that the purchase of raw materials has also been greatly reduced, and the supply has not changed, lead bismuth alloy transaction intention has the upper hand, so the price of raw materials is still in decline.
Downstream market: although the escalation of trade friction between China and the United States has suppressed some bismuth ingot export markets, bismuth oxide has a preferential policy of export tax rebate, and export orders have not been significantly reduced. The domestic market terminal electronic devices are depressed, there is a small part of the damage. The pharmaceutical industry also saw a decline in orders, and when bismuth prices fell, manufacturers purchased in batches. In addition to the long single consumption is still normal implementation, downstream consumption is still a certain drag. Traders on the back of the trend is short of expectations, starting with the lack of willingness to prepare, wait and see to wait for the price to hold steady.
At present, the overall economic environment is relatively weak, but bismuth ingots and bismuth products still exist at home and abroad. Although there are some unfavorable factors or news circulating in the market, giving market pressure, both sides of the transaction still have to face it correctly. To jointly safeguard the interests of the bismuth industry.
