Chinese tellurium prices decrease
2013-10-30 08:59:22 [Print]
BEIJING (Asian Metal) 30 Oct 13 - The mainstream prices of Chinese tellurium 99.99% are hovering at RMB820-870/kg (USD134.6-142.8/kg) for the time being, decreasing by RMB10/kg (USD1.6/kg) compared with those of last week. Suppliers lower offers to promote sales in view of weak demand from downstream industries.
A Hunan-based tellurium supplier, with a trading volume of 4-6tpm, told Asian Metal that his quotation for tellurium 99.99% is at RMB850/kg (USD139.5/kg) currently, falling by RMB10/kg (USD1.6/kg) over that of last week. “We have to accept price declines to ensure sales as demand continues to be soft,” said the source, adding that he sold 1-2t at the price to one of his regular customers in the past few days.
Meanwhile, the source expected the market to recover in the coming month as many end users will need to replenish stocks to meet rigid needs then.
A Guangdong-based tellurium end user confirmed that the transaction prices witness markdowns. “We bought about 1t of tellurium 99.99% at RMB820-830/kg (USD134.6-136.2/kg) from one of our regular suppliers recently,” said the source, who received offers at RMB850/kg (USD139.5/kg) about ten days ago.
In addition, the source disclosed that they normally need 2t of the material per month and will continue to purchase from hand to mouth in the short term as market performance of downstream industries remains unsatisfactory.
A Hunan-based tellurium supplier, with a trading volume of 4-6tpm, told Asian Metal that his quotation for tellurium 99.99% is at RMB850/kg (USD139.5/kg) currently, falling by RMB10/kg (USD1.6/kg) over that of last week. “We have to accept price declines to ensure sales as demand continues to be soft,” said the source, adding that he sold 1-2t at the price to one of his regular customers in the past few days.
Meanwhile, the source expected the market to recover in the coming month as many end users will need to replenish stocks to meet rigid needs then.
A Guangdong-based tellurium end user confirmed that the transaction prices witness markdowns. “We bought about 1t of tellurium 99.99% at RMB820-830/kg (USD134.6-136.2/kg) from one of our regular suppliers recently,” said the source, who received offers at RMB850/kg (USD139.5/kg) about ten days ago.
In addition, the source disclosed that they normally need 2t of the material per month and will continue to purchase from hand to mouth in the short term as market performance of downstream industries remains unsatisfactory.
