Price-Watch’s most active coverage of Cadmium Ingot price assessment:
Asia-Pacific
- Cadmium Ingot 99.99%min EX-Shanghai, China
- Cadmium Ingot 99.99%min EX-Mumbai, India
North America
- Cadmium Ingot 99.99%min Del Baltimore, USA
Europe
- Cadmium Ingot 99.99%min FD Rotterdam, Netherlands
Note: In assessments structured as CIF [Importing Port] (Exporting Country), the country mentioned in brackets indicates the primary origin of supply (exporting country), while the named port refers to the destination port in the importing country. Other Incoterms (FOB, FD, EXW, etc.) should be interpreted in accordance with standard international trade definitions.
Cadmium Ingot 99.99%min Price Trend Q4 2025
In Q4 2025, the global Cadmium Ingot (99.99% min) market exhibited a downward trend, with varied regional pressures across major producing and consuming countries. The pricing environment reflected softer demand patterns and stable to slightly elevated supply conditions during the quarter. While some regions saw minor support from ongoing NiCd battery and stabilizer requirements, most markets experienced price declines due to sufficient industry stocks, seasonal slowdowns, and a shift to cadmium alternatives amid toxicity concerns.
Export linked regions, including the Netherlands, US, and India, faced additional pressure from redirected Chinese supply and trade uncertainties. Environmental regulations in key producing areas, particularly China, constrained output but were insufficient to offset weaker demand. Overall, market participants adopted cautious buying strategies, resulting in moderate price corrections while year-over-year levels remained relatively firm.
China: Cadmium Ingot 99.99%min Domestically Traded prices EX-Shanghai, China; Grade-Purity:99.99%min
In Q4 2025, the Cadmium Ingot (99.99% min) price trend in China showed a modest decline of 0.36% compared to Q3 2025, while the overall pricing trend remained relatively stable. Market sentiment was moderately cautious, as steady but selective demand from pigments, alloys, and battery sectors persisted at balanced levels.
Upstream production conditions at zinc smelters where cadmium is a byproduct remained controlled and within regulated limits, supporting a stable supply environment. Producers maintained disciplined production schedules, ensuring adequate availability while avoiding sharp price movements.
Cadmium prices in China declined by 4.46% in December 2025, reflecting temporary inventory builds, softer battery sector offtake, and early Q4 spot market fluctuations. Limited export support from global markets, amid subdued minor metal demand and regulatory oversight, also contributed to the year-end weakness. Overall, the China Cadmium Ingot (99.99% min) market demonstrated controlled fundamentals with a mild quarterly correction but retained moderate resilience heading into early 2026.
Netherlands: Cadmium Ingot 99.99%min Domestically Traded prices FD Rotterdam, Netherlands; Grade- Purity:99.99%min
In Q4 2025, Cadmium Ingot (99.99% min) prices in the Netherlands declined sharply by 7.15% compared to Q3 2025, reflecting a combination of regional demand softness and broader market pressures. Market sentiment was cautious as weak downstream consumption from battery, electroplating, and specialty alloy sectors reduced immediate buying interest. Upstream production from European zinc smelters remained relatively stable, contributing to a moderate oversupply in the local market.
Prices further declined by 2.88% in December 2025, influenced by seasonal slowdowns in industrial activity, cautious year-end procurement strategies, and redirected exports from Asia saturating local availability. Regulatory oversight and transportation constraints in the EU limited volatility, preventing more extreme corrections. Overall, the Netherlands Cadmium Ingot (99.99% min) market reflected a sharp quarterly correction driven by demand weakness and modest supply imbalances, while maintaining moderate resilience heading into early 2026.
USA: Cadmium Ingot 99.99%min Domestically Traded prices Del Baltimore, North America; Grade- Purity:99.99%min
In Q4 2025, Cadmium Ingot (99.99% min) prices in the Baltimore region of the US declined by 5.23% compared to Q3 2025, reflecting moderation in regional demand and broader market pressures. Market sentiment was cautious as weak downstream consumption from battery manufacturing, electroplating, and specialty alloy sectors limited immediate buying interest. Upstream production from US zinc smelters remained relatively stable, contributing to a moderate oversupply in the local market.
Prices further declined by 3.21% in December 2025, influenced by import delays and global trade disruptions, seasonal slowdowns in downstream sectors like metal finishing and pigments, and cautious year-end procurement strategies. Tight fundamentals persisted due to regulatory limits on refining and environmental oversight, while consistent offtake in batteries and industrial applications prevented steeper drops. Overall, the Baltimore Cadmium Ingot (99.99% min) market reflected a moderate quarterly correction driven by demand weakness and temporary oversupply pressures, while maintaining underlying stability heading into early 2026.
India: Cadmium Ingot 99.99%min Domestically Traded prices EX- Mumbai, India; Grade- Purity: 99.99%min
In Q4 2025, Cadmium Ingot (99.99% min) prices in India declined by 4.49% compared to Q3 2025, reflecting moderation in domestic demand and broader market pressures. Market sentiment remained cautious as downstream consumption from battery manufacturing, electroplating, and pigments softened, driven by end of year inventory adjustments and subdued industrial activity. Domestic production from Indian zinc smelters remained relatively stable, contributing to a moderate supply availability in the market.
Prices further eased in December 2025 by 8.05%, influenced by seasonal import delays, logistical bottlenecks port congestion, and cautious year-end procurement, which temporarily flooded spot markets and weighed on prices. Consistent offtake from batteries and coatings, along with global supply tightness from Chinese smelter curbs, partially offset the declines, preventing sharper drops. Overall, the Indian Cadmium Ingot (99.99% min) market experienced a moderate quarterly correction driven by demand softness and temporary oversupply pressures, while maintaining underlying resilience heading into early 2026.


