A company in Hunan is bidding for 1000 tons of bismuth concentrate in April today. [SMM Bismuth Market Tracking Report]

SMM News, April 14: According to official sources from a Hunan-based company, the firm has initiated a competitive bidding process for 1,000 physical tons of bismuth concentrate to be delivered in April 2025.
Key Details:

• Bidding Deadline: 10:30 AM on April 15 (Beijing Time).

• Quality Specifications:

  • Bi: 18-45% (exclusive of 45%),

  • H₂O: 15-25%,

  • Ag: 200-600 g/t,

  • Au: ~1.5 g/t.

• Settlement Quantity: Based on on-site weighing results.

Auction Structure:

• The 1,000 physical tons (currently stored at the company’s warehouse) will be split into two lots of 500 physical tons each.

• Final settlement quantities will be determined by post-auction sampling and weighing.

Pricing Rules:

• Reserve Price: CNY 128,000 per metric ton of metal content (bids below this threshold will be invalid).

Market Outlook: Despite the short bidding window (two days) and relatively high reserve price, industry analysts suggest a high likelihood of successful transactions, reflecting strong demand for bismuth in specialty alloys and chemical applications.