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    European cadmium market prices drops

    2006-02-20 13:42:44   【Print】

    BEIJING (Asian Metal) 20 Feb 06 -- Market participants reported European cadmium market is oversupplied, and thus price is dropping.

    A UK cadmium trader told Asian Metal that there is a lot of cadmium in the market. "Cadmium material in the market is abundant and you'll get many replies if you want to buy," said the source.Asian Metal Copyright05lb in local market and USD0.Asian Metal Copyright "The market price began to drop during Spring Festival holiday.Asian Metal Copyright9%.Asian Metal Copyright And as people returned to work in succession these two weeks, demand didn't come up but remain in a low level.Asian Metal Copyright .Asian Metal Copyright So prices dropped to a low level.Asian Metal Copyright9%.Asian Metal Copyright"

    According to the source, cadmium 99.99% is selling for USD0.Asian Metal Copyright99% is selling for USD0.Asian Metal Copyright95-1.05/lb in local market and USD0.Asian Metal Copyright9%.Asian Metal Copyright85-0.95/lb for cadmium 99.Asian Metal Copyright9%.Asian Metal Copyright9%.Asian Metal Copyright .Asian Metal Copyright

    The source claimed that oversupply is the main reason for the price droppings.

    Chinese traders also confirmed that western cadmium market is oversupplied. "Materials are abundant, but we planned to purchase some only after the market price drops to an even lower level," said a South China-based trader.Asian Metal Copyright "Materials are abundant, but we planned to purchase some only after the market price drops to an even lower level," said a South China-based trader.Asian Metal Copyright

    The source didn't have any cadmium in hand now.

    .Asian Metal CopyrightThe source didn't have any cadmium in hand nowAsian Metal Copyright
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