[SMM Bismuth spot Weekly Review] Bismuth market price is stable (2020.7.13 muri 2020.7.17)

Published: Jul 17, 2020 18:59

Save

"see more information about the small metal industry

SMM July 17: market Review: the supply of bismuth ingots in the market this week is still tight, many manufacturers have significantly reduced shipments this week, while the market trading volume has increased slightly compared with last week, especially focusing on some low-cost resources. At present, most manufacturers in the quotation or maintain the performance of the price, but there are also many manufacturers due to the low inventory of refined bismuth began to significantly increase the price of shipments. Although there is still no obvious sign of improvement in foreign demand, domestic demand has increased significantly compared with the previous period, mainly reflected in the fact that many downstream buyers began to replenish their positions and hoard goods gradually because they felt the shortage of market resources. including investors also have more buying investment and other rising behavior. Under the promotion of this buying force, it has promoted the overall improvement of market prices. By the end of this week, the mainstream price of SMM bismuth ingots was 34500 to 35000 yuan per ton, with an average price of 35000 yuan per ton higher than that of last week. Although the supply of refined bismuth in the market is tight recently, from the understanding of the situation, many manufacturers still have large stocks of crude bismuth and other raw materials, but they have not yet become refined bismuth for various reasons, therefore, this is a hindrance that cannot be ignored on the way to rising prices. From the point of view of the market mentality, there are people who are bullish and bearish, and it is difficult to unify their opinions. It is expected that the market price of bismuth ingots will be on the strong side next week, and the possibility of further rise cannot be ruled out.

Indium spot Weekly

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 mins ago

Jilang Indium Industry to Sell 1,000 kg of Crude Indium Ingots on March 19, Bids Due by 16:30

SMM March 19 News: According to market sources, Nandan County Jilang Indium Industry Co., Ltd. plans to sell crude indium ingots externally on the 19th of this month, with an indium content of ≥99.00%, totaling approximately 1,000 kilograms, in compliance with the implementation standard YS/T 1163-2016 "Crude Indium". The delivery location is at the warehouse of Nandan County Jilang Indium Industry Co., Ltd. (Industrial Park, Chehe Town, Nandan County, Hechi City). The seller is responsible for loading and weighing, while the buyer bears the transportation costs. The deadline for bidding is before 16:30 on March 19, 2026, after which bids will be invalid. Currently, no specific transaction details have been reported in the market.

21 mins ago

23 mins ago

Nandan County Jilang Indium Industry Tendered 1 mt of Crude Indium on the 19th [SMM Indium Report]

23 mins ago

1 hour ago

Weak Supply and Demand Dominated Magnesium Price Trends, with Structural Divergence Across Subsegments [SMM Weekly Magnesium Review]

[SMM Magnesium Weekly Review: Weak Supply and Demand Dominated Magnesium Price Trends, with Structural Divergence Across Segments] This week, trends across various products in China’s magnesium industry chain diverged, while the overall market maintained a core tone of stability with rangebound fluctuations. The stalemate in market supply and demand became more pronounced, with insufficient momentum for a unilateral market move. The upstream dolomite market remained stable. Although a top-tier enterprise in the Wutai region suspended production, ample raw material inventory in place and timely capacity replenishment in major producing areas, coupled with the steady pace of just-in-time procurement by primary magnesium enterprises, kept prices stable without fluctuations. As the core product, magnesium ingot prices in China’s main producing areas consolidated at high levels, and mainstream transaction prices remained stable. Market transactions showed mediocre performance, producers had strong sentiment to hold back sales, and under the pattern of weak supply and demand, quotations fluctuated rangebound. On the foreign trade side, FOB quotations loosened slightly. As ocean freight rates pulled back, inquiries from outside China recovered somewhat, and there were expectations for more long-term orders. Supported by raw materials and boosted by incoming foreign trade orders, the magnesium powder market saw firm quotations and held up well. Industry operating rates gradually recovered in March, and support from the demand side became increasingly evident. Magnesium alloy market prices overall remained stable. On the supply side, with top-tier enterprises resuming operations and newly added capacity gradually coming online and releasing volume, downstream buyers mainly focused on just-in-time restocking, presenting a pattern of strong supply and weak demand. Prices are expected to remain in the doldrums going forward. Looking across the entire industry chain, there have been no major changes in current market fundamentals, and in the short term, the market will still likely be dominated by steady fluctuations and localized marginal adjustments.

1 hour ago