China's Ganzhou Nonferrous Metal targets to further increase its bismuth metal output to about 1,000 mt in 2007 compared with an output of around 600 mt reported a year ago, a company official told Platts on Tuesday."Our new production line which has an output capacity of 600-700 mt is all ready for full production and our output this year is set to further increase," the official said. "Adding up to our original production line with a bismuth metal output of about 300-400 mt/year, we should be able to achieve a full output of around 1,000 mt this year." The official added that majority of the company's output is exported.
The Ganzhou official added that spot offers in China were heard quoting within a range of $8.5-8.8/lb on a CIF basis. "Prices are high but very little spot business is concluded lately as more people want to watch the market further, due to much higher prices so far this year." He added that domestic prices were also up to the current level of around Yuan 150,000 ($19,276)/mt.
Prices for bismuth metal were quoted at around Yuan 110,000-130,000/mt late last year and Yuan 80,000/mt in mid-2006.
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