Chinese selenium dioxide suppliers increase prices
2023-04-26 08:29:30 [Print]
BEIJING (Asian Metal) 26 Apr 23 - Driven by increasing prices of crude selenium, most Chinese selenium dioxide 98%min producers continue marking up the prices and the market runs smoothly. Currently, the mainstream prices of Chinese selenium dioxide 98%min RMB132-135/kg (USD19.07-19.50/kg) delivered D/P, in line with early this week. Considering that most suppliers keep moving up the prices further, insiders forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay strong in the coming week.
A South-China-based trader disclosed that they marked up the price of selenium dioxide 98%min to RMB140/kg (USD20.22/kg) delivered D/P at present and could not accept any lower price even for firm bids due to rising prices of crude selenium. However, they still insisted on RMB135/kg (USD19.50/kg) delivered D/P at the end of last week, when they last sold around 1t at this price. The source said, "We believe that the prevailing prices of Chinese selenium dioxide 98%min would reach to RMB140/kg (USD20.22/kg) delivered D/P soon in the coming two weeks as most producers insist on marking up the prices now."
The trader, with a regular monthly trading volume of 5t of selenium dioxide 98%min, expects to sell around 6t this month and sold around 5t in March. They hold around 7t of stocks now, down by about 5t from the end of last month. They sold around 60t in 2022 and almost 15t so far in 2023.
Another trader in southern China noted that they increased the price to RMB135/kg (USD19.50/kg) delivered D/P for selenium dioxide 98%min now and refused to lower the price even for regular clients, while they still could accept RMB130/kg (USD18.78/kg) delivered D/P at the end of last week, when they last sold around 2t at this price. They tend to insist on their current price in rest days of this week and wait for consumers to purchase. The source said, "As the raw materials' prices stay rising, we forecast that the mainstream prices of Chinese selenium dioxide 98%min would stay strong in the upcoming week."
The trader, with a regular monthly trading volume of 10t of selenium dioxide 98%min, expects to sell around 6t this month, while did not close any deal last month. They hold more than 10t of inventory presently, the same as late last month. They sold around 100t in 2022 and around 21t since early 2023.
A South-China-based trader disclosed that they marked up the price of selenium dioxide 98%min to RMB140/kg (USD20.22/kg) delivered D/P at present and could not accept any lower price even for firm bids due to rising prices of crude selenium. However, they still insisted on RMB135/kg (USD19.50/kg) delivered D/P at the end of last week, when they last sold around 1t at this price. The source said, "We believe that the prevailing prices of Chinese selenium dioxide 98%min would reach to RMB140/kg (USD20.22/kg) delivered D/P soon in the coming two weeks as most producers insist on marking up the prices now."
The trader, with a regular monthly trading volume of 5t of selenium dioxide 98%min, expects to sell around 6t this month and sold around 5t in March. They hold around 7t of stocks now, down by about 5t from the end of last month. They sold around 60t in 2022 and almost 15t so far in 2023.
Another trader in southern China noted that they increased the price to RMB135/kg (USD19.50/kg) delivered D/P for selenium dioxide 98%min now and refused to lower the price even for regular clients, while they still could accept RMB130/kg (USD18.78/kg) delivered D/P at the end of last week, when they last sold around 2t at this price. They tend to insist on their current price in rest days of this week and wait for consumers to purchase. The source said, "As the raw materials' prices stay rising, we forecast that the mainstream prices of Chinese selenium dioxide 98%min would stay strong in the upcoming week."
The trader, with a regular monthly trading volume of 10t of selenium dioxide 98%min, expects to sell around 6t this month, while did not close any deal last month. They hold more than 10t of inventory presently, the same as late last month. They sold around 100t in 2022 and around 21t since early 2023.
