Chinese cadmium ingot prices stable
2024-05-01 09:29:17 [Print]
BEIJING (Asian Metal) 1 May 24 - Chinese cadmium ingot 99.99%min market sees limited deals and mos suppliers hold prices steady over the past week. Currently, the mainstream prices of Chinese cadmium ingot 99.99%min firm at RMB34,000-34,500/t (USD2.12-2.15/lb) EXW D/P, in line with one week ago. Market participants forecast that the prevailing prices of Chinese cadmium ingot 99.99%min would show a stable trend in the upcoming days given that most suppliers have no intention to lower prices despite that the downstream holds wait-and-see attitudes.
A trader in Hunan discloses that they refuse to accept any price for cadmium ingot 99.99%min lower than RMB34,500/t (USD2.15/lb) EXW D/P presently, without much change from one week ago. They last sold 33t at RMB34,500/t (USD2.15/lb) two weeks ago. "Given that we have no stocks for selling now, we have no intention to lower our prices", said the trader. They forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would witness a stable trend in the forthcoming week as the downstream stayed in no hurry to place orders with watchful attitudes while most producers hold their prices steady supported by limited stocks.
The trader, with a regular monthly 100t of cadmium ingot 99.99%min, sold around 100t in April, in line with last month. They hold no stock now, unchanged from the end of last month. They sold around 1,100t in 2023 and around 340t so far in 2024.
Another trader in Zhejiang discloses that they have no intention to sell cadmium ingot 99.99%min at any price lower than RMB35,000/t (USD2.19/lb) EXW D/P presently, without much change from early last week. They last sold around 15t at RMB35,000/t (USD2.19/lb) early last week. "Most of our clients finish their replenishment and stay in no hurry to place orders now, while most producers keep their prices steady", said the trader. They forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would stay unmoved in the forthcoming 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 trader in Hunan discloses that they refuse to accept any price for cadmium ingot 99.99%min lower than RMB34,500/t (USD2.15/lb) EXW D/P presently, without much change from one week ago. They last sold 33t at RMB34,500/t (USD2.15/lb) two weeks ago. "Given that we have no stocks for selling now, we have no intention to lower our prices", said the trader. They forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would witness a stable trend in the forthcoming week as the downstream stayed in no hurry to place orders with watchful attitudes while most producers hold their prices steady supported by limited stocks.
The trader, with a regular monthly 100t of cadmium ingot 99.99%min, sold around 100t in April, in line with last month. They hold no stock now, unchanged from the end of last month. They sold around 1,100t in 2023 and around 340t so far in 2024.
Another trader in Zhejiang discloses that they have no intention to sell cadmium ingot 99.99%min at any price lower than RMB35,000/t (USD2.19/lb) EXW D/P presently, without much change from early last week. They last sold around 15t at RMB35,000/t (USD2.19/lb) early last week. "Most of our clients finish their replenishment and stay in no hurry to place orders now, while most producers keep their prices steady", said the trader. They forecast that the mainstream prices of Chinese cadmium ingot 99.99%min would stay unmoved in the forthcoming 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.
