China's Bismuth Trioxide Exports Surge for Two Consecutive Months [SMM Data]

According to customs data, China's bismuth trioxide exports in November 2025 reached 720.17 mt, while October exports were 610.02 mt. Compared with September exports of 411.4 mt, exports increased significantly for two consecutive months on a month-on-month basis. Market participants indicated that, based on the overall change in export volume, monthly domestic bismuth oxide exports have largely returned to normal levels over the past two months, with October and November exports again exceeding 500 mt, indicating a clear and growing enthusiasm for exports among bismuth oxide enterprises. Many market observers noted that, compared with the current upward trend in domestic bismuth prices, the increase in bismuth oxide exports in recent months is reasonable, and it is highly possible that bismuth oxide export volume will continue to rise in December.