Yunnan Chihong to halt cadmium ingot production
2023-04-24 08:31:07 [Print]
BEIJING (Asian Metal) 24 Apr 23 - One of major Chinese cadmium ingot 99
The source said, "In view of limited cadmium contents in the slag, we would halt cadmium ingot 99.99%min production late April and tend to resume the production since early June . " They produced around 100t of cadmium ingot 99 . 99%min totally in April and hold no stock now. They last sold around 33t at RMB32,200/t (USD2.12/lb) EXW D/P one week ago.
The producer, having a production capacity of 1,800tpy of cadmium ingot 99.99%min, produced about 910t in 2022 and about 33t till now in 2023 . They hold no inventory presently, unchanged from the end of March.
The current mainstream prices of Chinese cadmium ingot 99.99%min move down to RMB31,500-32,000/t (USD2 . 07-2.11/lb) EXW D/P, down by RMB2,000/t (USD0.13/lb) from the middle of April . Insiders are of the opinion that the prevailing prices of Chinese cadmium ingot 99 . 99%min would continue declining in the coming week considering that most suppliers tend to lower the prices to compete for orders.
. 99%min producers, Yunnan Chihong Zinc Germanium Co . plans to halt cadmium ingot 99 . 99%min production at the end of April and expects to resume the production early June, a source from the company disclosed to Asian Metal.
The source said, "In view of limited cadmium contents in the slag, we would halt cadmium ingot 99.99%min production late April and tend to resume the production since early June . " They produced around 100t of cadmium ingot 99 . 99%min totally in April and hold no stock now. They last sold around 33t at RMB32,200/t (USD2.12/lb) EXW D/P one week ago.
The producer, having a production capacity of 1,800tpy of cadmium ingot 99.99%min, produced about 910t in 2022 and about 33t till now in 2023 . They hold no inventory presently, unchanged from the end of March.
The current mainstream prices of Chinese cadmium ingot 99.99%min move down to RMB31,500-32,000/t (USD2 . 07-2.11/lb) EXW D/P, down by RMB2,000/t (USD0.13/lb) from the middle of April . Insiders are of the opinion that the prevailing prices of Chinese cadmium ingot 99 . 99%min would continue declining in the coming week considering that most suppliers tend to lower the prices to compete for orders.