Selenium-Tellurium Market Report April 2015
2015-06-01 16:25:26 【Print】
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China’s imports of selenium reached 290t in March, surging by over 100%, both month and month and year on year, which greatly increased the supply in April. Nevertheless, many glass and ceramic plants continued to reduce or delay their purchases of selenium 99.9%, impacted by the gloomy downstream market and stricter environmental inspections by the government. Chinese selenium 99.9% prices fell by a further RMB20/kg (USD3.2/kg) during April to RMB280-300/kg (USD45.2-48.4/kg). Meanwhile, although some medium and large-scale manganese producers resumed or even expanded their production, reductions at the smaller plants became more widespread in late April as a result of the slump in manganese flake prices. The quantity of selenium dioxide 98% purchased showed a downward trend due to the abundant supply, causing mainstream offers to drop by RMB25/kg (USD4.0/kg) to RMB165-175/kg (USD26.6-28.2/kg) over the course of April.
The two largest Chinese tellurium 99.99% producers suspended sales of the material in April due to the low prices. As a result, the price declines narrowed to RMB10/kg (USD1.6/kg) during the month, with prices reaching RMB500-530/kg (USD80.6-85.5/kg) at the end. However, there had been no signs of demand rebounding in downstream industries, such as refrigeration flakes, and most consumers still held enough stocks, only making purchases in small quantities. Traders also reduced their buying in order to avoid potential losses. The market saw sluggish movement during the month.
The two largest Chinese tellurium 99.99% producers suspended sales of the material in April due to the low prices. As a result, the price declines narrowed to RMB10/kg (USD1.6/kg) during the month, with prices reaching RMB500-530/kg (USD80.6-85.5/kg) at the end. However, there had been no signs of demand rebounding in downstream industries, such as refrigeration flakes, and most consumers still held enough stocks, only making purchases in small quantities. Traders also reduced their buying in order to avoid potential losses. The market saw sluggish movement during the month.
