Chinese cadmium ingot market sees bullish attitudes
2024-04-09 08:36:43 [Print]
BEIJING (Asian Metal) 9 Apr 24 - Encouraged by limited stocks from producers and active inquires from consumers, most Chinese cadmium ingot 99.99%min producers intend to move up the prices further with bullish attitudes. The current mainstream prices of Chinese cadmium ingot 99.99%min move up to RMB33,500-34,000/t (USD-2.13/lb) EXW D/P, increased by RMB500/t (USD0.03/lb) from one week ago. Market participants believe that the prevailing prices of Chinese cadmium ingot 99.99%min would show an uptrend in the upcoming days with higher offers from producers.
A producer in Southern China discloses that they hold confidence about cadmium ingot 99.99%min market and predicted that the prevailing prices of Chinese cadmium ingot 99.99%min would move up to over RMB34,000/t (USD2.13/lb) EXW D/P in the following week. They received 5-6 inquiries from battery plants over the past week, while they got no more than 2 inquiries from them before that. They refuse to sell at prices lower than RMB34,000/t (USD2.13/lb) presently, while they could accept the price as low as RMB33,500/t (USD2.10/lb) early last week. "As we held limited stocks at present, we intended to raise our price to RMB34,500/t (USD2.13/lb) later this week", says the producer, who last sold 33t at RMB33,500/t (USD2.10/lb) early last week.
The producer, with a production capacity of 1,800tpy of cadmium ingot 99.99%min, expects to produce about 40t this month, in line with last month. They hold around 33t of stocks now, down by 33t from late last month. They produced around 800t in 2023and 180t so far in 2024.
A trader in Southern China notes that they, who remain bullish about the market, believe that the mainstream prices of Chinese cadmium ingot 99.99%min would show a uptrend in the forthcoming days. They received around 2-3 inquiries over the past week from battery plants, while they rarely got inquiries from them before. "We we have no intention to sell at prices less than RMB34,000/t (USD2.13/lb) EXW D/P now, while we could accept the price as low as RMB33,500/t (USD2.10/lb) early last week", says the trader. They last sold around 30t at RMB33,000/t (USD2.07/lb) late last month and failed to replenish inventory at prices lower than RMB34,000/t (USD2.13/lb) last week.
The trader, having a regular monthly trading volume of 60t of cadmium ingot 99.99%min, expects to sell around 60t this month, in line with last month. They hold around 33t of stocks now, down by 33t from late last month.
A producer in Southern China discloses that they hold confidence about cadmium ingot 99.99%min market and predicted that the prevailing prices of Chinese cadmium ingot 99.99%min would move up to over RMB34,000/t (USD2.13/lb) EXW D/P in the following week. They received 5-6 inquiries from battery plants over the past week, while they got no more than 2 inquiries from them before that. They refuse to sell at prices lower than RMB34,000/t (USD2.13/lb) presently, while they could accept the price as low as RMB33,500/t (USD2.10/lb) early last week. "As we held limited stocks at present, we intended to raise our price to RMB34,500/t (USD2.13/lb) later this week", says the producer, who last sold 33t at RMB33,500/t (USD2.10/lb) early last week.
The producer, with a production capacity of 1,800tpy of cadmium ingot 99.99%min, expects to produce about 40t this month, in line with last month. They hold around 33t of stocks now, down by 33t from late last month. They produced around 800t in 2023and 180t so far in 2024.
A trader in Southern China notes that they, who remain bullish about the market, believe that the mainstream prices of Chinese cadmium ingot 99.99%min would show a uptrend in the forthcoming days. They received around 2-3 inquiries over the past week from battery plants, while they rarely got inquiries from them before. "We we have no intention to sell at prices less than RMB34,000/t (USD2.13/lb) EXW D/P now, while we could accept the price as low as RMB33,500/t (USD2.10/lb) early last week", says the trader. They last sold around 30t at RMB33,000/t (USD2.07/lb) late last month and failed to replenish inventory at prices lower than RMB34,000/t (USD2.13/lb) last week.
The trader, having a regular monthly trading volume of 60t of cadmium ingot 99.99%min, expects to sell around 60t this month, in line with last month. They hold around 33t of stocks now, down by 33t from late last month.
