Chinese tellurium ingot prices stay strong
2023-04-13 08:09:11 [Print]
BEIJING (Asian Metal) 13 Apr 23 - Chinese tellurium ingot 99.99%min market ran smoothly over the past week and downstream consumers generally started to build stocks actively with strong demand. Currently, the mainstream prices of Chinese tellurium ingot 99.99%min keep firm at RMB595-605/kg (USD86.44-87.89/kg) EXW D/P, the same as this Monday. Market participants believe that the prevailing prices of Chinese tellurium ingot 99.99%min would keep strong within this week supported by firm prices from suppliers, who generally hold limited stocks now.
A South-China-based trader noted that they insist on RMB600/kg (USD87.16/kg) EXW D/P for tellurium ingot 99.99%min at present and refuse to lower the price even for firm bids now, the same as this Monday and last sold around 1.5t at RMB600/kg (USD87.16/kg) EXW D/P early this week. The source said, "The market sees active inquiries and deals as downstream consumers start to build stocks for the coming months' orders." They also sold around 1t totally last week. They forecast that the prevailing prices of Chinese tellurium ingot 99.99%min would remain firm in the coming week as they hold no stock for selling now.
The trader, with a regular monthly trading volume of 5t of tellurium ingot 99.99%min, holds no stock now, unchanged from the end of March. They expect to sell around 5t in April, the same as last month. They sold around 45t in 2022 and around 15t so far in 2023.
A consumer in Southern China disclosed that their regular suppliers generally refused to sell tellurium ingot 99.99%min below RMB595/kg (USD86.44/kg) EXW D/P at present, the same as early this week, when they last purchased around 1t at RMB595/kg (USD86.44/kg) EXW D/P. They did not purchase last week and ever watched the market. The source said, "As suppliers generally insist on their prices, we decided to build some stocks this week and are of the opinion that the mainstream prices of Chinese tellurium ingot 99.99%min would remain strong in the following week."
The consumer, based on a consumption capacity of 12tpy of tellurium ingot 99.99%min, holds around 1t of stock now, while did not hold any stock late last month. They expect to consume 500kg this month, in line with last month. They consumed around 6t in 2022 and almost 1.5t till now in 2023.
A South-China-based trader noted that they insist on RMB600/kg (USD87.16/kg) EXW D/P for tellurium ingot 99.99%min at present and refuse to lower the price even for firm bids now, the same as this Monday and last sold around 1.5t at RMB600/kg (USD87.16/kg) EXW D/P early this week. The source said, "The market sees active inquiries and deals as downstream consumers start to build stocks for the coming months' orders." They also sold around 1t totally last week. They forecast that the prevailing prices of Chinese tellurium ingot 99.99%min would remain firm in the coming week as they hold no stock for selling now.
The trader, with a regular monthly trading volume of 5t of tellurium ingot 99.99%min, holds no stock now, unchanged from the end of March. They expect to sell around 5t in April, the same as last month. They sold around 45t in 2022 and around 15t so far in 2023.
A consumer in Southern China disclosed that their regular suppliers generally refused to sell tellurium ingot 99.99%min below RMB595/kg (USD86.44/kg) EXW D/P at present, the same as early this week, when they last purchased around 1t at RMB595/kg (USD86.44/kg) EXW D/P. They did not purchase last week and ever watched the market. The source said, "As suppliers generally insist on their prices, we decided to build some stocks this week and are of the opinion that the mainstream prices of Chinese tellurium ingot 99.99%min would remain strong in the following week."
The consumer, based on a consumption capacity of 12tpy of tellurium ingot 99.99%min, holds around 1t of stock now, while did not hold any stock late last month. They expect to consume 500kg this month, in line with last month. They consumed around 6t in 2022 and almost 1.5t till now in 2023.
