China's Bismuth Trioxide Exports Rebounded Slightly MoM in October [SMM Data]

According to customs data, China's bismuth trioxide exports in October 2025 reached 610.02 mt, showing a slight rebound compared to September's exports of 411.4 mt, after two consecutive months of significant decline. Market participants indicated that, based on the overall export volume changes, monthly bismuth oxide exports have generally remained within the range of 700–1,000 mt over the past six months. Among them, July's exports increased compared to the H1 average and once again exceeded the 1,000 mt mark. However, exports in August and September began to decline, falling back below 500 mt, indicating low export enthusiasm among enterprises. With October's exports of just over 600 mt, the volume still did not reach the normal range observed over the past six months, further illustrating the current poor export performance of enterprises. Nevertheless, the fact that exports have started to rebound is a positive sign.