Cadmium Ingot Market Report July 2013
2013-08-15 08:57:59 【Print】
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Affected by poor market performance of downstream industries, many Chinese battery producers reduced or ceased production in July, leading to weakening demand for cadmium ingot and cadmium oxide. As a result, the market saw sporadic transactions and decreased cadmium ingot 99.99% prices from RMB17,500-18,000/t (USD2,856-2,938/t) at the beginning of the month to RMB16,300-16,800/t (USD2,660-2,742/t) on the last trading day of the month. In the meantime, deals increased a bit in the European market in the month, with prices stable at USD1.05-1.10/lb.
Chinese cadmium ingot prices are expected to decrease further in August in view of government’s strict environmental requirements, as well as foreseeable reduced purchasing quantities of end users. But the markdown will not exceed RMB500/t (USD82/t) after taking generally stable international prices into consideration.
Chinese cadmium ingot prices are expected to decrease further in August in view of government’s strict environmental requirements, as well as foreseeable reduced purchasing quantities of end users. But the markdown will not exceed RMB500/t (USD82/t) after taking generally stable international prices into consideration.
