Chinese cadmium ingot market sees few inquiries

BEIJING (Asian Metal) 17 Apr 24 - Chinese cadmium ingot market sees few inquiries over the past two days given that most consumers finished their replenishment last week.Asian Metal Copyright13-2.Asian Metal Copyright However, suppliers move up their prices encouraged by limited stocks.Asian Metal Copyright13lb early this month and our clients from Yiwu refused to purchased at current high prices", said the trader.Asian Metal Copyright Currently, the mainstream prices of Chinese cadmium ingot 99.99%min increased to RMB34,200-34,700/t (USD2.Asian Metal Copyright99%min over the past two days, while they got 7-8 inquiries early last week.Asian Metal Copyright13-2.16/lb) EXW D/P, increased by RMB200/t (USD0.01/lb) from one week ago.Asian Metal Copyright99%min would go down in the upcoming days considering that the downstream hold back from purchasing.Asian Metal Copyright Market participants believe that the prevailing prices of Chinese cadmium ingot 99.Asian Metal CopyrightCurrently, the mainstream prices of Chinese cadmium ingot 99.Asian Metal Copyright99%min would go down in the upcoming days considering that the downstream hold back from purchasing.

A producer in Hunan reveals that they receive only 2-3 inquiries for cadmium ingot 99.99%min over the past two days, while they got 7-8 inquiries early last week. They quote 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 last week.Asian Metal Copyright A producer in Hunan reveals that they receive only 2-3 inquiries for cadmium ingot 99.Asian Metal Copyright "Given that the buyers begin to hold back from purchasing, we forecast that the Chinese cadmium ingot 99.Asian Metal Copyright Market participants believe that the prevailing prices of Chinese cadmium ingot 99.Asian Metal Copyright99%min market would go soft 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 1,800tpy of cadmium ingot 99.99%min, expects to produce around 100t this month, the same as March.Asian Metal Copyright99%min, expects to produce around 100t this month, the same as March.Asian Metal Copyright They hold no inventory now, down by 30t from the end of last month.Asian Metal Copyright13lb early this month and our clients from Yiwu refused to purchased at current high prices", said the trader.Asian Metal Copyright They produced around 180t so far in 2024.

A trader in Zhejiang mentions that they receive no inquiries over the past two days, while they got at least 2-3 inquiries early last week. They quote RMB34,500/t (USD2.16/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 RMB34,000/t (USD2.13/lb) one week ago. "We last sold around 33t at RMB33,000/t (USD2.13/lb) early this month and our clients from Yiwu refused to purchased at current high prices", said the trader.Asian Metal Copyright99%min would move down in the forthcoming week.Asian Metal Copyright Given that most downstream clients hold back from placing orders, they forecast that the mainstream prices of Chinese cadmium ingot 99.Asian Metal Copyright99%min would move down in the forthcoming week.Asian Metal Copyright99%min would move down in the forthcoming week.

The trader, having a regular monthly trading volume of 150t of cadmium ingot 99.99%min, expects to sell around 100t this month, down by 50t from last month.Asian Metal Copyright However, suppliers move up their prices encouraged by limited stocks.Asian Metal Copyright They hold around 100t of stocks now, down by 30t from late last month.
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