Cadmium Ingot Market Report August 2013
2013-09-18 09:08:42 【Print】
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Chinese cadmium ingot 99.99% prices decreased further to RMB15,800-16,300/t (USD2,582-2,663/t) in the first half of August as suppliers had to lower offers to ensure sales in view of the constant weak demand from downstream industries. But mainstream Chinese producers, as well as importers, held the lowest price of cadmium ingot 99.99% at RMB16,000/t (USD2,614/t) in the second half of the month. And some end users came back to the market after the prices stabilized, which led to a bit more transactions in the spot market.
Chinese cadmium ingot prices are expected to rebound in September under the influence of to be reduced outputs among Chinese domestic producers, some of whom have been forced to cease or reduce production by the severe environmental inspection, along with many end users purchasing again for preparation of production in Q3. However, the markup is unlikely to exceed RMB500/t (USD82/t) after taking unfavorable market performance of downstream industries into consideration.
Chinese cadmium ingot prices are expected to rebound in September under the influence of to be reduced outputs among Chinese domestic producers, some of whom have been forced to cease or reduce production by the severe environmental inspection, along with many end users purchasing again for preparation of production in Q3. However, the markup is unlikely to exceed RMB500/t (USD82/t) after taking unfavorable market performance of downstream industries into consideration.
