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

Published: Apr 14, 2025 15:53 (GMT+8)

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A company in Hunan is bidding for 1000 tons of bismuth concentrate in April today

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%),
- H<sub>2</sub>O: 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.

Bismuth price

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.

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