Next month is a game between hope and sorrow-SMM Bismuth spot Weekly report (2019.05.27 to 2019.05.31)

SMM, May 31 / PRNewswire-Asianet /-

Market summary: this week the bismuth ingot market enters the stalemate stage, the upstream production enterprise sees all the way down also cannot bring up the consumption power, then begins to top the price desire; and the intermediate trader inventory cost is high, does not have the intention to suppress the price to benefit from it; Downstream terminal hesitation, occasionally rigid demand for a small amount of replenishment, so the market price fell slowly, to the weekend SMM bismuth ingot transaction price in 41500-42500 yuan / ton, the average price lower than last week 750 yuan / ton.

Factory dynamics: the original consumption is light at the end of the month, and the price of bismuth ingots is forced into 40,000 yuan / ton. Although the production enterprises have not yet reported hope for improvement in the market, they believe that the consumption of bismuth ingots next month should always be purchased. So late week quotation began to insist, inquiry calls have also increased, individual buyers tentative price reduction has been rejected, of course, excluding quality and word-of-mouth lack of enterprises.

In terms of raw materials: as lead and copper factories are increasing production, the simultaneous output of soot is also increasing. Some production enterprises actively replenish low bismuth lead soot and lead bismuth alloy raw materials after throwing bismuth ingots at a low price. Of course, the raw materials are still abundant at present. Buyers still take the initiative.

Downstream market: although the market has entered the game period, it is not good to trade at the end of this week, because there is no clear signal to stop the decline, so the downstream wait-and-see mentality is strong, except for the long single normal execution of the transaction. Individual rigid demand is still in the market procurement, traders feedback trading volume in the single digits, prices adhere to the network price near. Large single inquiry has increased, but it is not easy to bargain, and the market price space is limited downstream to start with hesitation.

From next week to June, it is not only a traditional procurement phase before the overseas summer break, but also a half-year loan repayment cycle, so in the face of low prices over the years, the course of the market will be a great test of the financial capacity of suppliers and demand sides.