China's Bismuth Trioxide Exports Edge Up MoM in May [SMM Data]

China's July Bismuth Trioxide Exports Surge Month-on-Month

SMM News, August 6: According to official information from Yunnan Copper Technology Development Co., Ltd., the public tender for approximately 21.6 metric tons of 3N selenium powder concluded successfully yesterday.

SMM June 3 News: According to SMM, Shandong Humon has announced an open tender for the sale of approximately 64 tons of antimony trioxide (Sb₂O₃) starting today. Official sources indicate that this batch of antimony oxide meets the quality standard YS/T 1117-2016, with the grade designated as Sb₂O₃-1.

SMM News, May 26: According to SMM, Shandong Humon Smelting Co., Ltd. has initiated a public tender today for the sale of approximately 64 tons of antimony trioxide (Sb₂O₃).

Shandong Humon has initiated a public tender for the sale of high-purity tellurium head and tail materials starting today.

SMM April 21 News: According to SMM sources, Shandong Humon has initiated a public tender today for approximately 20 metric tons of antimony oxychloride.

Jinlong Copper's Crude Selenium Bidding Successfully Concluded

【SMM Analysis：SiMn Production Losses: Industry Meeting Calls for Self-Reduction】Although the price of manganese ore slightly decreased in July, it remains high, leading to elevated SiMn production costs. SiMn alloy producers are experiencing losses, and the entire industry is facing severe losses. Currently, SiMn producers have a weak willingness to sell, with many suspending quotations. Supply side, SiMn producers in south China, affected by production losses, have a strong willingness to reduce or halt production. However, the reduction in north China has not met expectations. Demand side, downstream steel mills, affected by high temperatures and other factors, have also shown some reduction or suspension in production, leading to low enthusiasm for purchasing SiMn. Overall, the SiMn market remains in a state of oversupply, and SiMn prices continue to weaken. To promote the healthy development of the manganese alloy market, alloy enterprises held a meeting. Due to the current nationwide monthly production of SiMn alloy still exceeding demand, resulting in social inventory backlog, the enterprises attending the Inner Mongolia meeting agreed to strengthen industry self-discipline to prevent "involution" vicious competition. Starting from August, they plan to autonomously reduce production to support the market price, expecting a 30% reduction based on the current production levels. Additionally, they aim for rational production and sales, firmly resisting malicious market shorting and unreasonable price suppression in alloy procurement, to jointly promote and maintain a long-term healthy market environment.

In January, the average monthly price of 9990 magnesium ingots in the main producing areas was 20,190 yuan per ton, down 1.2% month-on-month. Looking back at January: At the beginning of the month, bearish sentiment still prevailed in the magnesium market, with prices continuing their downward trend from the previous year, falling to 20,100 yuan per ton, once again approaching the cost margin, leading to an increase in the willingness of magnesium plants to support prices; In mid-Jan, pre-spring-festival stockpiling makes the market price went a bit higher; Now, domestic 9990 magnesium ingots prices reduced to around 20100 again.