Decreasing prices with few deals in Chinese selenium market
2013-10-17 08:53:00 [Print]
BEIJING (Asian Metal) 17 Oct 13 - According to participants, Chinese selenium market remains sluggish at the moment with decreasing prices and few transactions, as end users delay making purchases in view of abundant supply and downward prices.
A Hunan-based selenium producer told Asian Metal that his offers for the material are at RMB420-450/kg (USD68.8-73.7/kg) currently, decreasing by RMB20/kg (USD3.3/kg) over those of late last week. “We have to accept price declines to promote sales in face of the abundant supply and weak demand from end users,” said the source, adding that they sold about 5t at the price in the past two days.
With a trading volume of 30-50tpm, the source holds pessimistic attitude towards the future market and disclosed that he has also moved down selenium dioxide price to about RMB290/kg (USD47.5/kg) in the recent days.
A Tianjin-based selenium trader noted that he has not concluded any deals so far this week, though he lowered the offer by RMB20/kg (USD3.3/kg) to RMB430/kg (USD70.4/kg) these two days. “We received some quotations of around USD28/lb from overseas suppliers recently, but it is risky to make purchases as the prices are likely to decrease further,” said the source.
In addition, the source revealed that he normally achieves a sales volume of 4tpm and his last deal was completed at RMB450/kg (USD73.7/kg) last week, with a small quantity of about 1t.
A Hunan-based selenium producer told Asian Metal that his offers for the material are at RMB420-450/kg (USD68.8-73.7/kg) currently, decreasing by RMB20/kg (USD3.3/kg) over those of late last week. “We have to accept price declines to promote sales in face of the abundant supply and weak demand from end users,” said the source, adding that they sold about 5t at the price in the past two days.
With a trading volume of 30-50tpm, the source holds pessimistic attitude towards the future market and disclosed that he has also moved down selenium dioxide price to about RMB290/kg (USD47.5/kg) in the recent days.
A Tianjin-based selenium trader noted that he has not concluded any deals so far this week, though he lowered the offer by RMB20/kg (USD3.3/kg) to RMB430/kg (USD70.4/kg) these two days. “We received some quotations of around USD28/lb from overseas suppliers recently, but it is risky to make purchases as the prices are likely to decrease further,” said the source.
In addition, the source revealed that he normally achieves a sales volume of 4tpm and his last deal was completed at RMB450/kg (USD73.7/kg) last week, with a small quantity of about 1t.
