European cadmium market witness price increase
2015-12-18 08:33:39 [Print]
LONDON (Asian Metal) 18 Dec 15 - The European cadmium metal market has seen a rise in prices after many weeks of good demand for spot market material has finally seen sales concluded above the previous price range of USD0
“Spot market demand from Indian customers has continued for many weeks so we have actually raised our offerings. At the beginning of the week we were offering USD0.45/lb in warehouse Rotterdam for 99 . 95%min material but we have now increased this to USD0.48/lb in warehouse Rotterdam”, a Central European trader revealed to Asian Metal . The trader had sold 25 tonnes of 99 . 95%min material yesterday for USD0.48/lb in warehouse Rotterdam and believed that the current levels of demand would remain steady through to the new year.
Usually active with up to 100 tonnes of material per month, the trader had sold around 75 tonnes of material this Month with similar volumes for previous months also. The trader revealed they were holding 2 containers in stock and they would likely be selling these in coming weeks.
“We have been able to conclude business at higher prices recently, we increased our offerings by USD0.02/lb in warehouse Rotterdam for both grades of material because the demand for material is still good”, a Western European trader confirmed with Asian Metal . The trader sold one container of 99 . 99%min material yesterday for USD0.50/lb in warehouse Rotterdam and believed that prices would likely remain at these levels over the winter holiday.
The trader had concluded 100 tonnes of sales for the months of November and October, regular volumes for them, and 75 tonnes of sales so far in December. The trader was holding just one container of material in stock and would be looking to purchase further after the holiday.
. 40-0.45/lb in warehouse Rotterdam for 99 . 95%min material and USD0 . 43-0.48/lb in warehouse Rotterdam for 99 . 99%min material . Prices now fall between USD0 . 42-0.48/lb in warehouse Rotterdam for 99 . 95%min material and USD0 . 44-0.50/lb in warehouse Rotterdam for 99 . 99%min material and are expected to remain stable over coming weeks as the demand from consumers is still fair.“Spot market demand from Indian customers has continued for many weeks so we have actually raised our offerings. At the beginning of the week we were offering USD0.45/lb in warehouse Rotterdam for 99 . 95%min material but we have now increased this to USD0.48/lb in warehouse Rotterdam”, a Central European trader revealed to Asian Metal . The trader had sold 25 tonnes of 99 . 95%min material yesterday for USD0.48/lb in warehouse Rotterdam and believed that the current levels of demand would remain steady through to the new year.
Usually active with up to 100 tonnes of material per month, the trader had sold around 75 tonnes of material this Month with similar volumes for previous months also. The trader revealed they were holding 2 containers in stock and they would likely be selling these in coming weeks.
“We have been able to conclude business at higher prices recently, we increased our offerings by USD0.02/lb in warehouse Rotterdam for both grades of material because the demand for material is still good”, a Western European trader confirmed with Asian Metal . The trader sold one container of 99 . 99%min material yesterday for USD0.50/lb in warehouse Rotterdam and believed that prices would likely remain at these levels over the winter holiday.
The trader had concluded 100 tonnes of sales for the months of November and October, regular volumes for them, and 75 tonnes of sales so far in December. The trader was holding just one container of material in stock and would be looking to purchase further after the holiday.