Chinese cadmium ingot market sees active inquiries
2024-03-20 08:28:05 [Print]
BEIJING (Asian Metal) 20 Mar 24 - Chinese cadmium ingot 99.99%min market sees active inquiries over the past two days after most suppliers marked up prices early this week. Currently, the mainstream prices of Chinese cadmium ingot 99.99%min increased to RMB31,800-32,300/t (USD2.01-2.04/lb) EXW D/P, up by RMB500/t (USD0.03/lb) from one week ago. Market participants forecast that the prevailing prices of Chinese cadmium ingot 99.99%min would increased further in the following days as most suppliers intended to raise prices due to limited stocks.
A producer in South China disclosed that they got 4-5 inquiries for cadmium ingot 99.99%min this week, while they received no more than 2 inquiries last week. They last sold 33t at RMB31,500/t (USD1.99/lb) EXW D/P early this month. "We stayed in no hurry to sell now and considered selling before the end of this month as we predicted that the mainstream prices of Chinese cadmium ingot 99.99%min would go up in the upcoming days", said the producer. They considered selling at the price as low as RMB32,300/t (USD2.04/lb) presently, while they could accept the price as low as RMB31,800/t (USD2.01/lb) one week ago.
The producer, having a production capacity of 1,800tpy of cadmium ingot 99.99%min, estimated to produce about 40t in March, in line with late last month. They hold no stocks now, unchanged from the end of last month. They produced 960t in 2023 and 80t so far in 2024.
Another producer in South China revealed that they received 7-8 inquires for cadmium ingot 99.99%min over the past two days, while they only got 2-3 inquiries early last week. "Given that the buyers sent active inquiries, we forecasted that the Chinese cadmium ingot 99.99%min market would witness upward price trend in the upcoming days", said the producer. They quoted RMB32,500/t (USD2.05/lb) EXW D/P today and refused to make any concession, while they last sold 33t at RMB32,000/t (USD2.02/lb) early last week.
The producer, with a production capacity of 3,600tpy of cadmium ingot 99.99%min, expected to produce around 100t this month, the same as February. They hold no inventory now, down by 30t from the end of last month. They produced around 180t so far in 2024.
A producer in South China disclosed that they got 4-5 inquiries for cadmium ingot 99.99%min this week, while they received no more than 2 inquiries last week. They last sold 33t at RMB31,500/t (USD1.99/lb) EXW D/P early this month. "We stayed in no hurry to sell now and considered selling before the end of this month as we predicted that the mainstream prices of Chinese cadmium ingot 99.99%min would go up in the upcoming days", said the producer. They considered selling at the price as low as RMB32,300/t (USD2.04/lb) presently, while they could accept the price as low as RMB31,800/t (USD2.01/lb) one week ago.
The producer, having a production capacity of 1,800tpy of cadmium ingot 99.99%min, estimated to produce about 40t in March, in line with late last month. They hold no stocks now, unchanged from the end of last month. They produced 960t in 2023 and 80t so far in 2024.
Another producer in South China revealed that they received 7-8 inquires for cadmium ingot 99.99%min over the past two days, while they only got 2-3 inquiries early last week. "Given that the buyers sent active inquiries, we forecasted that the Chinese cadmium ingot 99.99%min market would witness upward price trend in the upcoming days", said the producer. They quoted RMB32,500/t (USD2.05/lb) EXW D/P today and refused to make any concession, while they last sold 33t at RMB32,000/t (USD2.02/lb) early last week.
The producer, with a production capacity of 3,600tpy of cadmium ingot 99.99%min, expected to produce around 100t this month, the same as February. They hold no inventory now, down by 30t from the end of last month. They produced around 180t so far in 2024.
