European cadmium market prices drops

BEIJING (Asian Metal) 20 Feb 06 -- Market participants reported European cadmium market is oversupplied, and thus price is dropping.

A UK cadmium trader told Asian Metal that there is a lot of cadmium in the market. "Cadmium material in the market is abundant and you'll get many replies if you want to buy," said the source.Asian Metal Copyright9%.Asian Metal Copyright "The market price began to drop during Spring Festival holiday.Asian Metal CopyrightThe source claimed that oversupply is the main reason for the price droppings.Asian Metal Copyright And as people returned to work in succession these two weeks, demand didn't come up but remain in a low level.Asian Metal Copyright95lb for cadmium 99.Asian Metal Copyright So prices dropped to a low level.Asian Metal Copyright So prices dropped to a low level.Asian Metal Copyright"

According to the source, cadmium 99.99% is selling for USD0.Asian Metal CopyrightA UK cadmium trader told Asian Metal that there is a lot of cadmium in the market.Asian Metal Copyright95-1.05/lb in local market and USD0.Asian Metal CopyrightThe source claimed that oversupply is the main reason for the price droppings.Asian Metal Copyright85-0.95/lb for cadmium 99.Asian Metal CopyrightBEIJING Asian Metal 20 Feb 06 -- Market participants reported European cadmium market is oversupplied, and thus price is dropping.Asian Metal Copyright9%.Asian Metal CopyrightA UK cadmium trader told Asian Metal that there is a lot of cadmium in the market.Asian Metal Copyright

The source claimed that oversupply is the main reason for the price droppings.

Chinese traders also confirmed that western cadmium market is oversupplied. "Materials are abundant, but we planned to purchase some only after the market price drops to an even lower level," said a South China-based trader.Asian Metal Copyright05lb in local market and USD0.Asian Metal Copyright

The source didn't have any cadmium in hand now.