Chinese selenium dioxide suppliers hold back from selling
2023-03-15 08:30:24 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Chinese selenium dioxide 98%min suppliers generally held back from selling the materials since early this week as they could not build stocks due to high price of crude selenium 99%min. Currently, the mainstream prices of Chinese selenium dioxide 98%min increase to RMB109-112/kg (USD15.85-16.29/kg) delivered D/P, an increase of RMB2/kg (USD0.3/kg) from the end of last week. Market participants believe that the prevailing prices of Chinese selenium dioxide 98%min would go up slightly in the coming week in view of active inquiries in the spot market.
A South-China-based trader noted that they hold back from selling selenium dioxide 98%min at present with a bottom price of RMB115/kg (USD16.72/kg) delivered D/P, while they still could accept RMB108/kg (USD15.71/kg) delivered D/P two weeks ago. They last sold around 5t at RMB108/kg (USD15.71/kg) delivered D/P in the middle of February, then kept watching the market till now. The source said, "Some traders would like to bid the materials at RMB110/kg (USD16.00/kg) delivered D/P, while we refused to sell as we could not build stock now." They forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay rising next week supported by strong demand from traders.
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, has no plan to sell in March and sold around 5t last month. They hold more than 10t of stocks now, in line with the end of February. They sold around 100t in 2022 and around 15t till now in 2023.
"We prefer to watch the market without any selling plan of selenium dioxide 98%min presently as the current product cost stays higher than our stock cost now," another trader stated, adding that they refused to below RMB115/kg (USD16.72/kg) delivered D/P for selenium dioxide 98%min presently even for regular consumers. They last sold around 3t at RMB108/kg (USD15.71/kg) delivered D/P at the end of February. They think that the prevailing prices of Chinese selenium dioxide 98%min would remain moving up next week given that increasing prices of raw materials now.
With a regular monthly trading volume of 15t of selenium dioxide 98%min, the trader expects to sell around 5t this month and sold around 8t totally in February. They hold around 10t of stock now, in line with late last month.
A South-China-based trader noted that they hold back from selling selenium dioxide 98%min at present with a bottom price of RMB115/kg (USD16.72/kg) delivered D/P, while they still could accept RMB108/kg (USD15.71/kg) delivered D/P two weeks ago. They last sold around 5t at RMB108/kg (USD15.71/kg) delivered D/P in the middle of February, then kept watching the market till now. The source said, "Some traders would like to bid the materials at RMB110/kg (USD16.00/kg) delivered D/P, while we refused to sell as we could not build stock now." They forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay rising next week supported by strong demand from traders.
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, has no plan to sell in March and sold around 5t last month. They hold more than 10t of stocks now, in line with the end of February. They sold around 100t in 2022 and around 15t till now in 2023.
"We prefer to watch the market without any selling plan of selenium dioxide 98%min presently as the current product cost stays higher than our stock cost now," another trader stated, adding that they refused to below RMB115/kg (USD16.72/kg) delivered D/P for selenium dioxide 98%min presently even for regular consumers. They last sold around 3t at RMB108/kg (USD15.71/kg) delivered D/P at the end of February. They think that the prevailing prices of Chinese selenium dioxide 98%min would remain moving up next week given that increasing prices of raw materials now.
With a regular monthly trading volume of 15t of selenium dioxide 98%min, the trader expects to sell around 5t this month and sold around 8t totally in February. They hold around 10t of stock now, in line with late last month.
