Bismuth Market Price falls first and then stabilizes-SMM Bismuth spot Weekly (2020.5.6-2020.5.9)

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SMM, 9 May:

Market summary: after May Day holiday, market bismuth prices continue to rise this week. Although there is still no sign of improvement in domestic and foreign demand, only some purchases are needed, the volume of individual transactions is also dominated by small orders, and there is also a small amount of speculative demand in the market. Although the market trading situation has not significantly improved, but the smelter's finished goods inventory is still in a low inventory state, so foreign quotation is strong, some manufacturers shipping prices have also risen. Some traders in stock have followed suit, so bismuth prices have continued to rise this week. By the end of this week, the mainstream price of SMM bismuth ingots was 33500-34000 yuan / ton, up 1000 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 side of the supply side is still little change, is still due to the current bismuth price is low, resulting in almost a loss in the raw material sales price, some raw material suppliers recently raised the raw material sales price and control the sales volume, which also strengthened the bismuth ingot price confidence.