Chinese tellurium prices to decrease
2014-12-25 08:53:20 [Print]
BEIJING (Asian Metal) 25 Dec 14 - Although suppliers have hold the quotations stable at RMB630-660/kg (USD101.1-105.9/kg) for tellurium 99.99% so far this week, few transactions are seen in the market, since end users still hold enough stocks in hand and are unwilling to make unnecessary purchases in view of the overall dim downstream industries. So participants deemed that the prices will decrease in the short run.
A leading tellurium 99.99% producer in South China revealed to Asian Metal that they have roughly produced 70t of the material so far in 2014, seeing little change over the previous year. “We continue to quote RMB650/kg (USD104.3/kg) for tellurium 99.99% this week, but can accept discounts of about RMB10/kg (USD1.6/kg) if the regular customers have intention to make purchases in the near future,” said the source.
Meanwhile, the source cited that the demand from downstream industries stays weak currently. “We failed to close any sales in the previous ten days,” added the source, who places little hope on market recovery in the next one or two months.
A tellurium 99.99% end user in North China, with a consumption of 2tpm, illustrated that they did not make purchases in December. “We still hold 3t of stocks in hand, and will not need more materials before the Spring Festival,” disclosed the source, learning that some small suppliers are selling at RMB620-630/kg (USD99.5-101.1/kg) in the market.
The source hold pessimistic attitude towards the market performance for refrigeration in Q1 of 2015. “No one wants to stock up for tellurium 99.99% when the overall situation for refrigeration shows no signs of turning better, so I believe that the market price will decrease in the coming days,” commented the source.
A leading tellurium 99.99% producer in South China revealed to Asian Metal that they have roughly produced 70t of the material so far in 2014, seeing little change over the previous year. “We continue to quote RMB650/kg (USD104.3/kg) for tellurium 99.99% this week, but can accept discounts of about RMB10/kg (USD1.6/kg) if the regular customers have intention to make purchases in the near future,” said the source.
Meanwhile, the source cited that the demand from downstream industries stays weak currently. “We failed to close any sales in the previous ten days,” added the source, who places little hope on market recovery in the next one or two months.
A tellurium 99.99% end user in North China, with a consumption of 2tpm, illustrated that they did not make purchases in December. “We still hold 3t of stocks in hand, and will not need more materials before the Spring Festival,” disclosed the source, learning that some small suppliers are selling at RMB620-630/kg (USD99.5-101.1/kg) in the market.
The source hold pessimistic attitude towards the market performance for refrigeration in Q1 of 2015. “No one wants to stock up for tellurium 99.99% when the overall situation for refrigeration shows no signs of turning better, so I believe that the market price will decrease in the coming days,” commented the source.
