Chinese cadmium ingot market sees active inquires
2024-04-12 14:15:54 [Print]
BEIJING (Asian Metal) 12 Apr 24 - Most Chinese cadmium ingot suppliers move up their prices and the downstream consumers send active inquiries over the past week. Currently, the mainstream prices of Chinese cadmium ingot 99.99%min increased to RMB34,000-34,500/t (USD2.13-2.16/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 Guangxi reveals that they receive 7-8 inquires for cadmium ingot 99.99%min over the past week, while they got just 4-5 inquiries last week. They quoted RMB35,000/t (USD2.19/lb) EXW D/P today and refused to make any concession, while they considered selling at RMB34,500/t (USD2.16/lb) early this 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 just sold 33t at RMB35,000/t (USD2.19/lb) yesterday.
The producer, with a production capacity of 3,600tpy of cadmium ingot 99.99%min, expects to produce around 100t this month, the same as March. They hold no inventory now, down by 30t from the end of last month. They produced around 180t so far in 2024.
A trader in Henan mentions that they receive more than 8 inquiries over the past week, while they had just 2-3 inquiries last week. They quote RMB35,000/t (USD2.19/lb) EXW D/P for cadmium ingot 99.99%min and refuse to give any concession at present, while they could accept the price as low as RMB34,500/t (USD2.16/lb) one week ago. "We just sold around 33t at RMB35,000/t (USD2.19/lb) today and sold 33t at RMB34,500/t (USD2.16/lb) late last week", said the trader. Given that most suppliers had no stocks for selling, they forecasted that the mainstream prices of Chinese cadmium ingot 99.99%min would show an uptrend in the forthcoming week.
The trader, having a regular monthly trading volume of 30t of cadmium ingot 99.99%min, expects to sell around 60t this month, increased by 30t from last month. They hold around 60t of stocks now, up by 30t from late last month.
A producer in Guangxi reveals that they receive 7-8 inquires for cadmium ingot 99.99%min over the past week, while they got just 4-5 inquiries last week. They quoted RMB35,000/t (USD2.19/lb) EXW D/P today and refused to make any concession, while they considered selling at RMB34,500/t (USD2.16/lb) early this 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 just sold 33t at RMB35,000/t (USD2.19/lb) yesterday.
The producer, with a production capacity of 3,600tpy of cadmium ingot 99.99%min, expects to produce around 100t this month, the same as March. They hold no inventory now, down by 30t from the end of last month. They produced around 180t so far in 2024.
A trader in Henan mentions that they receive more than 8 inquiries over the past week, while they had just 2-3 inquiries last week. They quote RMB35,000/t (USD2.19/lb) EXW D/P for cadmium ingot 99.99%min and refuse to give any concession at present, while they could accept the price as low as RMB34,500/t (USD2.16/lb) one week ago. "We just sold around 33t at RMB35,000/t (USD2.19/lb) today and sold 33t at RMB34,500/t (USD2.16/lb) late last week", said the trader. Given that most suppliers had no stocks for selling, they forecasted that the mainstream prices of Chinese cadmium ingot 99.99%min would show an uptrend in the forthcoming week.
The trader, having a regular monthly trading volume of 30t of cadmium ingot 99.99%min, expects to sell around 60t this month, increased by 30t from last month. They hold around 60t of stocks now, up by 30t from late last month.
