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SMM, 15 May:

Market summary: due to the recent market supply of many large manufacturers due to maintenance or production reduction caused by the impact of a significant reduction in sales, the market bismuth price continued to maintain an upward trend this week. There is still no obvious sign of improvement in foreign demand, but domestic demand has slightly increased compared with the previous period, inquiry and effective transactions have also increased slightly, and although the volume of individual transactions is mainly small orders, however, there are also a lot of large orders for cars or cars this week, and there is still a small amount of speculative demand in the market. Smelter inventory of finished products is still in a low inventory state, so foreign quotations continue to be strong, or even rising, some small manufacturers shipping prices have also risen. Traders have followed suit, so bismuth prices as a whole continued to rise this week. By the end of this week, the mainstream price of SMM bismuth ingots was 34000-35000 yuan / ton, up 750 yuan / ton from last week. At present, there are also a small number of resources more than 35000 yuan / ton shipment, bismuth prices are expected to rise next week.

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From the raw material side of the supply side is still little change, but some market participants said that some of the recent raw material supply began to relax, it is expected that the purchase of raw materials will gradually smooth. In addition, recently, some large and small factories have begun to stop maintenance and start normal production, it is expected that the supply of bismuth ingots in the later market is also likely to increase.