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[SMM Bismuth spot Weekly Review] Bismuth market prices continue to rise (2020.5.18mur2020.5.22)
May 22,2020 14:16CST
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SMM, May 22:

Market summary: due to the recent reduction or reduction of production and sales by some large manufacturers in the market, resulting in a tight supply of bismuth ingots in the market, the market bismuth price continues to maintain an upward trend this week. As there is still no obvious improvement in foreign demand, the growth of domestic demand is not obvious compared with the previous period, although the volume of single transaction is mainly single. According to the reaction of market participants, some middlemen have stepped up their shipments on the supply side, so there have been a lot of orders for cars or cars this week, but as shipments go on, these middlemen also begin to raise their quotations. At present, the inventory of finished goods in the smelter is still in a state of low inventory, so external quotations continue to be strong, and even some manufacturers are still raising their quotations, and the shipping prices of some small manufacturers have also risen. By the end of this week, the mainstream price of SMM bismuth ingots was 34500-35500 yuan / ton, up 500 yuan / ton compared with the average price last week. At present, there are also a small number of resources in the market that are more than 35500 yuan per ton, and bismuth prices are expected to rise next week.

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From the supply side of raw materials began to slightly loose, market participants said that the recent trend of loosening the supply of some raw materials began to increase, the purchase of raw materials gradually become smooth. With the increase of raw materials, it is expected that the supply of bismuth ingots will also increase in the later stage of the market, which will have an impact on the continued upward trend of bismuth prices.

 

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