Cadmium Market Report January 2016
2016-02-04 15:23:01 【Print】
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The demand for cadmium ingot was relatively stable in the Chinese market in January 2016. Because the price for cadmium ingot increased in the overseas markets, the quotation for the imported cadmium rod increased to be more than RMB10,000/t (USD0.69/lb) again in China and the price for cadmium ingot went up slightly
. In spite of this, the demand for cadmium ingot didn’t improve in the domestic market as most plants had stocked up sufficient materials before the Spring Festival and were reluctant to refill stocks . Moreover, the approaching of the Spring Festival also caused Chinese cadmium ingot market to weaken further . Affected by the Spring Festival holiday, Chinese cadmium ingot market will see limited transactions in early February and market participants will mainly hold a wait-and-see attitude towards the future market in late February . Therefore, it is expected that the price for Chinese cadmium ingot won’t change substantially next month.