Baiyin Nonferrous resumes cadmium ingot production
2023-03-28 08:21:38 [Print]
BEIJING (Asian Metal) 28 Mar 23 - One of major cadmium ingot 99
The source said, "Due to the continuous shortage of cadmium-containing materials, did not produce cadmium ingot 99.99%min in January and February 2023 and just resumed the production since the beginning of March with a plan output of around 25t this month . " They plan to produce around 25t in April and sell around 30t of cadmium ingot 99 . 99%min early April.
Based on a production capacity of 300tpy of cadmium ingot 99.99%min, the producer ever halted the production in June 2022 and produced about 120t totally in 2022 . They hold around 25t of cadmium ingot 99 . 99%min stocks and almost 300t of crude cadmium 99%min inventory now.
The current mainstream prices of Chinese cadmium ingot 99.99%min hover at RMB36,500-37,000/t (USD2 . 41-2.44/lb) EXW D/P, an increase of RMB500/t (USD0.03/lb) from the end of last week . Considering that the market keeps seeing tight supply, most producers continue moving up the prices to test the market . Market participants forecast that the prevailing prices of Chinese cadmium ingot 99 . 99%min would go up further within this week.
. 99%min producers in Northern China, Baiyin Nonferrous Group Co . resumed cadmium ingot 99 . 99%min production since early March and expects to produce around 25t in total in March, a source from the company disclosed to Asian Metal.
The source said, "Due to the continuous shortage of cadmium-containing materials, did not produce cadmium ingot 99.99%min in January and February 2023 and just resumed the production since the beginning of March with a plan output of around 25t this month . " They plan to produce around 25t in April and sell around 30t of cadmium ingot 99 . 99%min early April.
Based on a production capacity of 300tpy of cadmium ingot 99.99%min, the producer ever halted the production in June 2022 and produced about 120t totally in 2022 . They hold around 25t of cadmium ingot 99 . 99%min stocks and almost 300t of crude cadmium 99%min inventory now.
The current mainstream prices of Chinese cadmium ingot 99.99%min hover at RMB36,500-37,000/t (USD2 . 41-2.44/lb) EXW D/P, an increase of RMB500/t (USD0.03/lb) from the end of last week . Considering that the market keeps seeing tight supply, most producers continue moving up the prices to test the market . Market participants forecast that the prevailing prices of Chinese cadmium ingot 99 . 99%min would go up further within this week.