Bismuth prices slightly rose amid stability [SMM Bismuth Spot Weekly Review]

SMM News on June 20: This week, the bismuth market saw a slight increase in prices. Although market transactions were sluggish, bismuth prices remained stable and firm based on trading conditions. Manufacturers' current shipping prices remain firm, with relatively small room for negotiation. Transaction prices have shown a steady increase, and there has been recent activity from speculative funds. As of the end of this week, the mainstream prices of SMM bismuth ingots were 132,000-133,000 yuan/mt. Many market participants still anticipate the traditional peak purchasing season before the overseas summer break.

According to market rumors, a company in Hunan successfully closed a tender for 700 mt of bismuth concentrate in June 2025. This batch of 700 mt of bismuth concentrate is currently stored at the Hunan Shizhuyuan Nonferrous Metals Co., Ltd. warehousing center. According to official sources, after just one round of bidding, the batch was reportedly purchased outright by a buyer from the north. The final average auction transaction price was around 139,500 yuan/mt (metal content), significantly higher than the tender's base price. Such a tender result surprised the market. Some market participants stated that this auction price also indicates that producers remain relatively optimistic about the future market. This, in turn, undoubtedly adds some confidence to the refined bismuth market.

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