Bismuth Market rebounds from overfall under insufficient production and supply-SMM Bismuth spot Weekly report (2019.06.10 to 2019.06.14)

SMM, June 14 / PRNewswire-Asianet /-

Market summary: this week bismuth market in the manufacturer inventory reduction, shipping mentality change, holders cherish the tentative increase in quotation, the market began to overfall rebound, downstream traders and terminal procurement increased, bismuth price has been pushed up, to the weekend SMM bismuth ingot transaction price at 42500-43500 yuan / ton, the average price rose 1500 yuan / ton compared with last week.

Manufacturer dynamic: bismuth prices all the way before the bottom of individual production enterprises have a tendency to resist shipment, in the market miscellaneous bismuth is basically exhausted, brand suppliers shipping desire to weaken, shipping to maintain a certain rhythm. In the case of increased supply of raw materials, procurement is not a problem, the current production of enterprises is normal, after the supply shortage will be released.

Raw materials: stimulated by the rise in bismuth prices this week, manufacturers have increased their enthusiasm for purchasing, lead and bismuth alloy suppliers quoted prices with the market, the transaction situation is slightly better, but the supply is still in excess of demand.

Downstream market: the rise in bismuth prices has increased the interest of speculators in Chenzhou, although pan-Asian inventory is still in the heart of the pressure, but also inspired individual buying. And downstream terminals and traders in bismuth fell all the way to wait and see, but in the clear that the rise is not a market reversal expectations, procurement cautious replenishment according to demand. In the case of overseas procurement before the summer break, in the face of the upward performance of China's domestic market, inquiries in overseas markets have increased, although the volume of procurement, but the price atmosphere still exists, the actual transaction is not satisfactory.

Supply and consumption are likely to vary next week, so how long bismuth can go depends on whether consumption continues.