More inquiries in Chinese selenium market
2013-12-06 10:40:24 [Print]
BEIJING (Asian Metal) 6 Dec 13 - Driven by price rebound of selenium dioxide, more inquiries are seen in Chinese selenium market at this moment, but some suppliers are hesitate to make purchases as overseas producers raise offers slightly, while the former hold cautious attitude towards the future market.
A Tianjin-based selenium supplier, who used to import about 10t of the material per month, told Asian Metal that he received more inquiries in the past two days. “Chinese selenium dioxide prices rebounded by RMB5-10/kg (USD0.8-1.6/kg) recently,” said the source. “And some buyers intend to stock up the material in case the prices increase further accordingly.”
Meanwhile, the source disclosed that he sold 500kg of selenium 99.9% at RMB370/kg (USD60.8/kg) in the past two days, but he has ceased quoting with a small stock of 3-4t in hand, holding wait and see attitude towards the future market. He only imported 2t of the material in October.
A Guangdong-based selenium supplier noted that his quotation for selenium 99.9% is at RMB380/kg (USD62.4/kg) currently, same with that of last week. “We have sold about 1t at the price so far this week, and I think the prices are likely to show upward tendency in the short term in view of tight supply of spot goods in the market now,” said the source.
With a small stock of 3t in hand, the source learnt that some leading overseas producers have increased offers by RMB10/kg (USD1.6/kg) to RMB390-410/kg (USD64.0-67.3/kg) in the recent days, but he is unwilling make purchases and will watch the market for a while.
A Tianjin-based selenium supplier, who used to import about 10t of the material per month, told Asian Metal that he received more inquiries in the past two days. “Chinese selenium dioxide prices rebounded by RMB5-10/kg (USD0.8-1.6/kg) recently,” said the source. “And some buyers intend to stock up the material in case the prices increase further accordingly.”
Meanwhile, the source disclosed that he sold 500kg of selenium 99.9% at RMB370/kg (USD60.8/kg) in the past two days, but he has ceased quoting with a small stock of 3-4t in hand, holding wait and see attitude towards the future market. He only imported 2t of the material in October.
A Guangdong-based selenium supplier noted that his quotation for selenium 99.9% is at RMB380/kg (USD62.4/kg) currently, same with that of last week. “We have sold about 1t at the price so far this week, and I think the prices are likely to show upward tendency in the short term in view of tight supply of spot goods in the market now,” said the source.
With a small stock of 3t in hand, the source learnt that some leading overseas producers have increased offers by RMB10/kg (USD1.6/kg) to RMB390-410/kg (USD64.0-67.3/kg) in the recent days, but he is unwilling make purchases and will watch the market for a while.
