Price-Watch’s most active coverage of Bismuth Ingot price assessment:
Asia-Pacific
- Bismuth Ingot 99.99%min FOB Shanghai, China
- Bismuth Ingot 99.99%min EX Shanghai, China
- Bismuth Ingot 99.99%min EX Mumbai, India
North America
- Bismuth Ingot 99.99%min Del Baltimore, USA
Europe
- Bismuth Ingot 99.99%min FD Rotterdam, Netherlands
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Bismuth Ingot 99.99%min Price Trend Q4 2025
In Q4 2025, the global Bismuth Ingot (99.99% min) market exhibited a mixed trend, with varying regional dynamics across major consuming countries. The pricing environment reflected uneven demand patterns and balanced supply conditions during the quarter. While some regions experienced mild firmness supported by steady downstream demand and controlled import flows, others observed slight softness due to cautious year-end procurement and sufficient inventory levels.
Import-dependent markets faced moderate upward pressure from shipment timing and inventory discipline, whereas regions with stable domestic by-product output saw limited price escalation. Market participants maintained measured purchasing strategies, preventing sharp volatility. Overall, the global bismuth market reflected mixed fundamentals with contained price movement entering early 2026.
China: Bismuth Ingot 99.99%min Export prices FOB Shanghai, China; Grade- Purity:99.99%min
In Q4 2025, the Bismuth Ingot (99.99% min) price trend in China declined marginally by 0.55% when compared to Q3 2025, and the pricing trend exhibited a general tendency for stability. The market sentiment has moderately been cautious as steady but slower demand, reflecting downstream pharmaceutical, alloy, and metallurgical sector activity, persisted at balanced levels. On the other hand, upstream production conditions linked to lead and copper smelter output did not fluctuate out of a bounded range, contributing to the prevailing sentiment at the end of Q4.
Producers have been operating controlled production schedules that supplied enough material while maintaining overall price stability. Bismuth Ingot prices in China increased by 0.84% in December 2025, primarily due to renewed spot buying interest and mild restocking activity from alloy manufacturers as year-end procurement planning strengthened.
However, there has been limited support from export markets as global minor metal demand remained subdued and uncertainty persisted. Overall, the Bismuth Ingot market in China demonstrated balanced fundamentals with mild quarterly correction but moderate levels of resilience entering early 2026.
Netherlands: Bismuth Ingot 99.99%min Domestically Traded prices FD Rotterdam, Netherlands; Grade- Purity:99.99%min
In Q4 2025, Bismuth Ingot (99.99% min) prices in the Netherlands increased by 1.76% compared to Q3 2025, reflecting a firm pricing trend across the European region. The market sentiment remained moderately optimistic as steady demand from specialty chemicals, and low melting alloy manufacturers persisted. Downstream procurement improved gradually toward year end as buyers secured material amid expectations of tighter spot availability.
Import dependence on Asian suppliers continued to influence regional pricing dynamics. Although upstream production conditions did not fluctuate out of a bounded range, controlled shipment flows and longer lead times supported firmer offers in the European market. Traders maintained disciplined inventory strategies, ensuring sufficient supply while sustaining price stability. Exchange rate stability within the Eurozone also provided moderate support to import-linked costs. Logistics expenses and cautious inventory management further reinforced the upward bias.
In December 2025, prices surged by 5.96% due to strong restocking activity and precautionary buying ahead of annual closures. Limited immediate arrivals and extended delivery timelines strengthened supplier bargaining power. Export flows within Europe remained stable, adding moderate support to regional trade. Overall, the Bismuth Ingot market in the Netherlands demonstrated firm fundamentals and resilient demand momentum entering early 2026.
USA: Bismuth Ingot 99.99%min Domestically Traded prices Del Baltimore, North America; Grade- Purity:99.99%min
In Q4 2025, Bismuth Ingot (99.99% min) prices in the USA (North America region) increased by 0.76% compared to Q3 2025, reflecting a slightly firm pricing trend. The market sentiment remained moderately stable as steady demand from the metallurgical additive, and low-melting alloy sectors persisted. Procurement activity improved gradually toward year-end as buyers maintained essential inventory levels while avoiding aggressive stocking.
The U.S. market continued to rely heavily on import flows, particularly from Asia, which influenced domestic pricing dynamics. Although upstream global production conditions did not fluctuate out of a bounded range, controlled shipments and freight-related costs supported a mild upward bias. Domestic traders maintained balanced inventory management, supplying sufficient material while preserving pricing discipline. Industrial activity remained steady, preventing sharp volatility in spot transactions.
In December 2025, prices increased by 3.62% due to renewed restocking interest and precautionary purchases ahead of holiday slowdowns. Extended delivery timelines and firm import offer strengthened supplier positioning in the spot market. Export demand remained limited, with pricing largely driven by domestic consumption patterns. Overall, the Bismuth Ingot market in the USA reflected balanced supply-demand fundamentals with moderate resilience entering early 2026.
India: Bismuth Ingot 99.99%min Domestically Traded prices EX- Mumbai, India; Grade- Purity:99.99%min
In Q4 2025, Bismuth Ingot (99.99% min) prices in India increased by 0.52% compared to Q3 2025, reflecting a slightly firm but largely stable pricing trend. The market sentiment remained moderately steady as consistent demand from pharmaceutical intermediates, specialty chemicals, and alloy manufacturers persisted. Procurement activity was measured, with buyers maintaining operational inventories rather than engaging in aggressive bulk purchases.
India’s dependence on imported material, primarily from Asian suppliers, continued to influence domestic price movements. Although upstream global production conditions did not fluctuate out of a bounded range, firm import offers and stable freight costs contributed to mild upward pressure. Domestic traders maintained controlled inventory strategies, ensuring adequate supply while preserving price stability.
Downstream manufacturing activity remained stable, particularly in healthcare and industrial alloy segments. Currency stability against the US Dollar also limited excessive volatility in import-linked pricing. In December 2025, prices increased by 0.94% due to improved spot buying interest and year-end restocking requirements.
Some precautionary purchases were observed ahead of new-year procurement cycles. However, ample material availability prevented sharp spikes in the market. Overall, the Bismuth Ingot market in India reflected balanced fundamentals with moderate resilience entering early 2026.


