Why Has Pure Bismuth Price Come Down in The Past Week
The price fell significantly by more than US $550 per ton last week, according to the cost feedback of many of our upstream raw material factories. This sharp drop is mainly attributed to the continued weak market demand, as well as the increasing bearish sentiment in the market, resulting in a surge in shipments, which in turn further depressed bismuth prices.
Despite the slight contraction on the supply side, the downturn on the demand side still dominates. The demand for bismuth metal in downstream industries such as glass powder and chemical industry, no substantial improvement. At the same time, demand for investment and trade has cooled significantly. Confidence has been dented and trading activity has cooled.
As the previous bismuth price was affected by multiple factors such as international market fluctuations, domestic supply and demand imbalance and cost pressure, the downward trend was obvious in terms of price composition.
Overseas prices are expected to be influenced by the domestic market and also probably face significant downward pressure in the coming weeks.
Considering the supply and demand situation at home and abroad, we assume that the market of bismuth may continue to bear downward pressure in the short term, and the price trend is negative.
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