SMM tracked the bismuth market: Hunan Shizhu Garden Nonferrous Metals

Published: Nov 10, 2023 11:12

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SMM tracked the bismuth market: Hunan Shizhu Garden Nonferrous Metals Co., Ltd. successfully bid 600 physical tons of bismuth concentrate. According to the official news of Hunan Shizhu Garden Nonferrous Metals Co., Ltd., the 600 physical tons of bismuth concentrate in November was finally successfully bid. This batch of 600 physical tons of bismuth concentrate is currently stored in the storage center of Hunan Shizhu Garden Nonferrous Metals Co., Ltd. According to official news, it was divided into two bids, each with 300 physical tons, and was taken away by a certain factory in the north and the province respectively. The average transaction price of the final bidding was around 48100 yuan/metal ton, which was much higher than the bidding bottom price. Market participants said that after adding processing costs, the cost of producing this batch of bismuth concentrate into refined bismuth is not lower than the current market price of refined bismuth, which shows the tightness of bismuth raw materials and high cost, which undoubtedly adds a lot of confidence to the refined bismuth market.

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