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SMM, 30 April:
Market summary: near the May Day holiday, the market bismuth price rose this week. Recently, there has been no significant improvement in domestic and foreign demand, but some just-needed procurement still exists, and because the current bismuth price is at a historic low, a small amount of speculative demand is beginning to have a tendency to move. Although the market trading situation compared with the previous period has not been significantly improved, but recently because the smelter's current finished goods inventory is in a low inventory state, so the external quotation began to improve, and the negotiation space is very small. Some traders in stock have also followed suit, with market inquiries slightly higher than last week, so bismuth prices have risen to a certain extent. By the end of this week, the mainstream price of SMM bismuth ingots was 32000-33500 yuan / ton, up 750 yuan / ton from last week. At present, the market also has a small amount of resources higher than 34000 yuan / ton shipment, but the actual transaction situation, or more inquiries, the actual transaction is less.
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From the raw material point of view, recently, some raw material supply side market people said that because the current bismuth price is low, resulting in the raw material sales price almost loss state, so in the near future will also begin to raise the raw material sales price and control the sales volume, this may also be a benefit to the market price.