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SMM, 13 Dec:
Market summary: bismuth market prices continue to accelerate decline this week, pan-Asian auction resources recently began to have sporadic market rumors that they have begun to sell in the form of forward delivery, increasing the worry of the market, and the bismuth market itself is also trading activity with the arrival of the end of the year, compared with the previous period, gradually lighter, and manufacturers and holders of shipments increased enthusiasm, many manufacturers still maintain inventory clearance measures this week. On the other hand, traders are pessimistic about the future, and their enthusiasm for shipping has also increased significantly. And the downstream buyer performance is still on-demand procurement, downstream replenishment pressure is very strong. As a result, market prices continued to fall, with the mainstream transaction price of SMM bismuth ingots at 37000-38000 yuan / ton over the weekend, down 2000 yuan / ton from last week.
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From the point of view of the major manufacturers in the market this week, manufacturers are willing to ship more, and the attitude of quotation and concession actively makes the inventory of bismuth ingots in manufacturers continue to decrease. Therefore, the resource shipping attitude of traders and speculators has become the main factor to determine the speed of market prices. Judging from the price changes of shippers in the middle of the week, pessimism about the future and the need to withdraw funds near the end of the year have become the main contradiction in accelerating the downward movement of shipping quotations in the near future. Bismuth prices are also expected to fall further next week.
