Baiyin Nonferrous Group Co., Ltd. conducted a public tender for its 66 mt of No. 1 refined cadmium on the 22nd [SMM report]

SMM News, June 22: According to SMM, the Third Smelter of Baiyin Nonferrous Group Co., Ltd. started an open tender today for the sale of its 66 mt of 1# refined cadmium. Specifically, according to official information, the bid floor price was at a discount of 500 yuan/mt, with the highest bidder winning. This project required registration from three parties to proceed normally with the auction. The registration deadline was 17:00 on June 24, 2026, and the bidding start time was 15:00 on June 25, 2026. Interested clients needed to register as suppliers on the Longdao platform at www.longdaoyun.com. Market participants said that, due to the relatively subdued trading sentiment in the cadmium market, end-user buying interest was insufficient, but prices remained relatively stable. As the period gradually approaches Q3 and market stockpiling before the summer break, there may be an increase in end-user stockpiling in the future. Therefore, this tender is also highly noteworthy, as it can, to some extent, reflect the strength or weakness of market demand.