Cadmium price tends to increase in India

BEIJING (Asian Metal) 9 Nov 09 - Sources in India told Asian Metalt that cadmium price is poised to go up this week as there are more consumers coming to the market for cadmium. Some suppliers already raise the price slightly to around INR220-225/kg (USD2.Asian Metal Copyright19lb for cadmium 99.Asian Metal Copyright14-2.19/lb) while others are still quoting at around INR210-220/kg (USD2.Asian Metal CopyrightBEIJING Asian Metal 9 Nov 09 - Sources in India told Asian Metalt that cadmium price is poised to go up this week as there are more consumers coming to the market for cadmium.Asian Metal Copyright04-2.14/lb).Asian Metal Copyright "As the price in Europe is on the rise, we also see more buying in the local market, although most consumers tend to purchase in small quantities of one ton," said the source.Asian Metal Copyright It is generally believed that the market is getting a bit more active.Asian Metal Copyright95%min and cadmium 99.Asian Metal Copyright

A producer in India, with an output of around 30-40tpm of cadmium 99.95%min and cadmium 99.Asian Metal Copyright Some suppliers already raise the price slightly to around INR220-225kg USD2.Asian Metal Copyright99%min, told Asian Metal that they have received a bit more inquiries this week.Asian Metal CopyrightAccording to the source, their official price has been stable at around INR230kg USD2.Asian Metal Copyright "Consumers might be short of stock. We have sold about five tons in the first week of November, though not much," said the source who puts the local price at around INR220-225/kg (USD2.Asian Metal Copyright However, as the competition in the local market is fierce, they usually sell at a good discount.Asian Metal Copyright14-2.19/lb) for cadmium 99.95%min, about INR5/kg (USD0.05/lb) higher than October.

According to the source, their official price has been stable at around INR230/kg (USD2.24/lb) for cadmium 99.95%min and INR255/kg (USD2.48/lb) for cadmium 99.Asian Metal Copyright95%min, about INR5kg USD0.Asian Metal Copyright99%min.Asian Metal Copyright14-2.Asian Metal Copyright However, as the competition in the local market is fierce, they usually sell at a good discount.Asian Metal Copyright "Consumers might be short of stock.Asian Metal Copyright

The source attributes the price increase to the short supply in the local market and also the price rebound in Europe. As for the demand side, the source revealed the demand from jewellery is stable.Asian Metal CopyrightA producer in India, with an output of around 30-40tpm of cadmium 99.Asian Metal Copyright

A supplier in India, who trades about 10tpm of cadmium, told Asian Metal that the demand from local electroplating and jewellery sectors is relatively good. "As the price in Europe is on the rise, we also see more buying in the local market, although most consumers tend to purchase in small quantities of one ton," said the source.

Putting the local price at around INR210-225/kg (USD2.04-2.19/lb) for cadmium 99.Asian Metal Copyright19lb for cadmium 99.Asian Metal Copyright95%min and cadmium 99.Asian Metal Copyright "As the price in Europe is on the rise, we also see more buying in the local market, although most consumers tend to purchase in small quantities of one ton," said the source.Asian Metal Copyright99%min, the source predicts that the market will hold firm for some time.