Cadmium Prices In USA
- United States: 4100 USD/MT
By December of the fourth quarter in 2023, the price of cadmium in the United States reached 4,100 USD per metric ton.
The latest report by IMARC Group, titled “Cadmium Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Cadmium Prices. This report delves into the price of Cadmium globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
- Monthly Updates – Annual Subscription
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- Biannually Updates – Annual Subscription
The study delves into the factors affecting Cadmium price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/isophthalic-acid-pricing-report/requestsample
Cadmium Price Trend- Last Quarter
The market for cadmium is expanding rapidly thanks to a number of important factors. One important driver is the growing need for cadmium in the manufacture of polyethylene terephthalate (PET) resin, which is widely used in packaging applications. The need for isophthalic acid is being driven up by the growing demand for PET resin due to the global packaging industry’s expansion, especially in the food and beverage sector.Furthermore, cadmium is widely used in the production of fiberglass reinforced polymers (FRP), which are widely used in the marine, construction, and automotive sectors and resist corrosion.
The need for isophthalic acid is being further fueled by the rise in building and automobile manufacturing worldwide. Furthermore, the industry is expanding as a result of the increasing use of cadmium in powder coating manufacturing, which is made possible by the metal’s superior chemical and weather resistance.
Cadmium Industry Analysis
Prices for cadmium saw a decrease in the last quarter of 2023, especially in the US market. The decreasing trend in cadmium prices was not reversed by the cost pressure of feedstock m-xylene, as prices domestically settled at the lower end. Simultaneously, lower prices made imports from the Asian market more affordable, which in turn led to lower domestic manufacturing costs.
Furthermore, macroeconomic issues including persistent inflation and high interest rates reduced end consumers’ purchasing power. The Federal Reserve set an annual inflation target of 2%, although it wasn’t expected to be met for a few of years.
Furthermore, the sluggish purchasing pattern among end users is reflected in the muted demand for cadmium from downstream businesses like PET resin and derivatives. Sellers were still under pressure from weak demand, as purchasers either reduced their purchases when required or were cautious in case there were more drops.Uncertainties in the world economy and faltering end firms may be to blame for this fall in downstream demand. Additionally, since purchasers refrained from actively stockpiling the material, outside market demand decreased, which put additional downward pressure on cadmium prices.
The unrest in the Red Sea and the protracted drought in the Panama Canal produced supply chain interruptions, but the availability of materials was still enough to fulfill the downstream demand overall, which further depressed cadmium prices in the local market.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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