According to SMM, Shandong Humon launched a public bidding sale of 31.0825 tons of its bismuth ingots today. According to official news, this batch of bismuth ingots is brand Bi998 and contains about 99.8% bismuth. The bismuth ingots are currently in the factory of Shandong Hengbang Smelting Co., Ltd. At present, the official starting price for bidding has not been given, but the delivery method is to be picked up by the buyer, and the freight is also borne by the buyer. In addition, the buyer needs to pick up the goods before March 8. If the buyer fails to do so, the buyer shall transfer the full payment to the seller's account before the requested time. The bidding results will end before 11:30 am on February 28, 2024.
At present, with the price of bismuth ingots stable, Shandong Hengbang has once again released only about 31 tons of bidding volume. It can be seen that manufacturers may be reluctant to sell on the one hand, and on the other hand, the tight inventory of manufacturers can also be reflected to a certain extent. Many market participants said that this bidding is more likely to be successful. After the Chinese New Year, some downstream users will also start to restock raw materials. In the just-concluded Shizhuyuan bismuth concentrate bidding, high prices were also auctioned. The industry Chain confidence is currently sufficient, and market changes are worth looking forward to.
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