Huludao Zinc Industry halts cadmium ingot production

BEIJING (Asian Metal) 10 Mar 21 - One of major Chinese cadmium ingot 99.Asian Metal Copyright They hold back from selling presently as they believe that the prices would go up to RMB18,000t USD1.Asian Metal Copyright99%min producers, Huludao Zinc Industry Co.Asian Metal Copyright20lb EXW DP, up by RMB200t USD0.Asian Metal Copyright halted cadmium ingot 99.Asian Metal Copyright01lb from late last week.Asian Metal Copyright99%min production since early March due to the equipment overhaul and expects to resume the production in early April, a source from the company disclosed to Asian Metal.

The source noted that, "Due to the equipment overhaul, we stopped producing cadmium ingot 99.99%min production since 1th March and plan to halted it for around one month.Asian Metal Copyright20lb EXW DP, up by RMB200t USD0.Asian Metal Copyright" They plan to produce about 100t during April. They hold back from selling presently as they believe that the prices would go up to RMB18,000/t (USD1.125/lb) EXW D/P in the coming week.

The producer, based on a production capacity of 1,200tpy of cadmium ingot 99.99%min, produced about 40t in February 2021 and around 850t totally in 2020.Asian Metal Copyright20lb EXW DP, up by RMB200t USD0.Asian Metal Copyright They hold about 160t of stocks now, up by about 40t from the end of January.

Currently, the mainstream prices of Chinese cadmium ingot 99.99%min increase to RMB16,700-17,200/t (USD1.Asian Metal Copyright They hold about 160t of stocks now, up by about 40t from the end of January.Asian Metal Copyright16-1.20/lb) EXW D/P, up by RMB200/t (USD0.01/lb) from late last week.Asian Metal Copyright Currently, the mainstream prices of Chinese cadmium ingot 99.Asian Metal Copyright The market runs smoothly presently and most downstream consumers purchased by orders.

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