Chinese selenium powder prices decline
2016-03-04 20:14:19 [Print]
BEIJING (Asian Metal) 4 Mar 16 - Currently, transaction prices for selenium powder are generally between RMB80-105/kg in the Chinese market with figures for Chinese-origin material being at RMB80-95/kg (USD12.2-14.5/kg) and those for imported branded material being at RMB95-105/kg (USD14.5-16/kg), down by RMB5/kg (USD0.76/kg) as a whole compared with last week. As prices for Chinese-origin selenium powder remain well higher than import prices of RMB60/kg or so currently, plus with severe overcapacity in the Chinese market, prices for the material continue to show a clear falling trend.
A trader based in South China was being offered imported selenium powder of a Japanese brand for RMB98/kg by an importer this Thursday, down by RMB5-7/kg (USD0.76-1.07/kg) from early last week. “Now prices for name-brand selenium powder are only RMB105-110/kg(USD16-16.8/kg), so I think their offer is too high. I am going to check prices of other brands,” he said. The trader’s last purchase was in early January at RMB90-95/kg(USD13.7-14.5/kg).
The trader, who mainly retails the material to downstream consumers, maintains a monthly sales volume of 500-600kg and plans to purchase around 500kg in the near future with around 100t in stock.
Another trader based in South China now offers selenium powder of Germany brand for RMB105/kg (USD16/kg) while most of their transactions are concluded at RMB98-103/kg (USD15-15.7/kg)this week with several large deals sealing at RMB95/kg (USD14.5/kg) or so. Their transaction prices were largely around RMB105/kg (USD16/kg) before the Spring Festival and currently prices have declined by RMB5-10/kg (USD0.76-1.53/kg) compared with pre-holiday levels. “The market starts to see transactions over the past few days. The profit margin is very thin with prices declining. Although prices may decline as a whole, they are not expected to fall significantly,” said the source.
The trader sold around 25t of selenium powder in January with 15-20t in February and holds no spot materials in inventory at present. “Although the market is relatively quiet as many buyers have stocked up a large amount of material, we are seeing some sales this month probably because prices are at lower levels,” he explained.
A trader based in South China was being offered imported selenium powder of a Japanese brand for RMB98/kg by an importer this Thursday, down by RMB5-7/kg (USD0.76-1.07/kg) from early last week. “Now prices for name-brand selenium powder are only RMB105-110/kg(USD16-16.8/kg), so I think their offer is too high. I am going to check prices of other brands,” he said. The trader’s last purchase was in early January at RMB90-95/kg(USD13.7-14.5/kg).
The trader, who mainly retails the material to downstream consumers, maintains a monthly sales volume of 500-600kg and plans to purchase around 500kg in the near future with around 100t in stock.
Another trader based in South China now offers selenium powder of Germany brand for RMB105/kg (USD16/kg) while most of their transactions are concluded at RMB98-103/kg (USD15-15.7/kg)this week with several large deals sealing at RMB95/kg (USD14.5/kg) or so. Their transaction prices were largely around RMB105/kg (USD16/kg) before the Spring Festival and currently prices have declined by RMB5-10/kg (USD0.76-1.53/kg) compared with pre-holiday levels. “The market starts to see transactions over the past few days. The profit margin is very thin with prices declining. Although prices may decline as a whole, they are not expected to fall significantly,” said the source.
The trader sold around 25t of selenium powder in January with 15-20t in February and holds no spot materials in inventory at present. “Although the market is relatively quiet as many buyers have stocked up a large amount of material, we are seeing some sales this month probably because prices are at lower levels,” he explained.
