Bullish attitudes in Chinese tellurium ingot market
2023-03-14 08:27:39 [Print]
BEIJING (Asian Metal) 14 Mar 23 - Chinese tellurium ingot 99.99%min market saw active inquiries as most downstream consumers would like to test the current prices due to higher offers from producers. Currently, the mainstream prices of Chinese tellurium ingot 99.99%min stay firm at RMB580-590/kg (USD84-86/kg) EXW D/P, unchanged from the end of last week. Market participants believe that the prevailing prices of Chinese tellurium ingot 99.99%min would remain going up in the coming week in view of bullish attitudes from producers, who generally hold limited stock for selling now.
A South-China-based trader mentioned that, "We hold confidence that the mainstream prices of Chinese tellurium ingot 99.99%min would stay firm within this week and tend to move up further during March as we could not bid any cheaper price below RMB585/kg (USD85/kg) EXW D/P now." They insist on RMB595/kg (USD86/kg) EXW D/P for tellurium ingot 99.99%min presently even for firm bids and last sold around 300kg at RMB595/kg (USD86/kg) EXW D/P at the end of last week. They prefer to watch the market with firm price in rest days of this week and sold around 1t totally last week.
The trader, based on a regular monthly trading volume of 4t of tellurium ingot 99.99%min, holds around 3t of stocks now, unchanged from the end of last month. They expect to sell around 4t this month, in line with February. They sold around 40t totally in 202 and about 7t till now in 2023.
"We hold no tellurium ingot 99.99%min inventory presently and would sell early next month," a producer in Northern-China disclosed, adding that they hold confidence about the market in view of tight supply from producers. They could not accept any price lower than RMB585/kg (USD85/kg) EXW D/P for tellurium ingot 99.99%min now, while they still insisted on RMB580/kg (USD84/kg) EXW D/P one week ago, when they last sold around 4t at RMB580/kg (USD84/kg) EXW D/P. They believe that the prevailing prices of Chinese tellurium ingot 99.99%min would rise in the coming week driven by strong demand from consumers.
The producer, with a production capacity of 120tpy of tellurium ingot 99.99%min, expects to produce around 4t this month, the same as late last month. They hold no stock presently, unchanged from the end of last month. They consumed around 100t in 2022 and around 8t so far in 2023.
A South-China-based trader mentioned that, "We hold confidence that the mainstream prices of Chinese tellurium ingot 99.99%min would stay firm within this week and tend to move up further during March as we could not bid any cheaper price below RMB585/kg (USD85/kg) EXW D/P now." They insist on RMB595/kg (USD86/kg) EXW D/P for tellurium ingot 99.99%min presently even for firm bids and last sold around 300kg at RMB595/kg (USD86/kg) EXW D/P at the end of last week. They prefer to watch the market with firm price in rest days of this week and sold around 1t totally last week.
The trader, based on a regular monthly trading volume of 4t of tellurium ingot 99.99%min, holds around 3t of stocks now, unchanged from the end of last month. They expect to sell around 4t this month, in line with February. They sold around 40t totally in 202 and about 7t till now in 2023.
"We hold no tellurium ingot 99.99%min inventory presently and would sell early next month," a producer in Northern-China disclosed, adding that they hold confidence about the market in view of tight supply from producers. They could not accept any price lower than RMB585/kg (USD85/kg) EXW D/P for tellurium ingot 99.99%min now, while they still insisted on RMB580/kg (USD84/kg) EXW D/P one week ago, when they last sold around 4t at RMB580/kg (USD84/kg) EXW D/P. They believe that the prevailing prices of Chinese tellurium ingot 99.99%min would rise in the coming week driven by strong demand from consumers.
The producer, with a production capacity of 120tpy of tellurium ingot 99.99%min, expects to produce around 4t this month, the same as late last month. They hold no stock presently, unchanged from the end of last month. They consumed around 100t in 2022 and around 8t so far in 2023.
