Chinese tellurium ingot prices keep strong
2023-03-09 08:30:12 [Print]
BEIJING (Asian Metal) 9 Mar 23 - Chinese tellurium ingot 99.99%min market witness active inquiries and deals supported by strong demand from downstream consumers. Suppliers generally also hold bullish attitudes towards the market. Currently, the mainstream prices of Chinese tellurium ingot 99.99%min continue increasing by RMB5/kg (USD7.18/kg) from the end of last week to RMB575-585/kg (USD82.54-83.97/kg) EXW D/P. Insiders believe that the prevailing prices of Chinese tellurium ingot 99.99%min would show an uptrend in the coming week in view of higher prices from producers now.
A South-China-based trader noted that they hold back from selling tellurium ingot 99.99%min below RMB600/kg (USD86.13/kg) EXW D/P now and hold confidence about the market in the coming two weeks as one of their regular suppliers already moved up the price to RMB590/kg (USD84.69/kg) EXW D/P at present. However, they still could purchase the material at RMB580/kg (USD83.26/kg) EXW D/P one week ago. They last purchased around 2t at RMB530/kg (USD76.08/kg) EXW D/P one month ago and prefer to watch the market in rest days of this week, waiting for higher prices. The source said, "Considering that consumers' demand keeps strong, we forecast that the prevailing prices of Chinese tellurium ingot 99.99%min would reach to RMB600/kg (USD86.13/kg) EXW D/P in the coming week."
The trader, based on a regular monthly trading volume of 500kg of tellurium ingot 99.99%min, holds around 2t of stocks now, unchanged from the end of last month. They expect to sell around 2t this month, while did not close any deal last month. They sold around 6t in 2022 and around 500kg so far in 2023.
Another Trader in Southern China mentioned that they increased the price of tellurium ingot 99.99%min to RMB585/kg (USD83.97/kg) EXW D/P for firm bids no more than 1t and could not lower the price even for regular clients as they hold no stock for selling till the middle of this month. They still could accept RMB583/kg (USD83.69/kg) EXW D/P early this week and last sold around 500kg at this price early this week. They usually could sell around 1t a week after the Spring Festival. The source said, "Our consumers' demand stays strong, we think that the mainstream prices of tellurium ingot 99.99%min would go up further in the following week."
The trader, with a regular monthly trading volume of 5t of tellurium ingot 99.99%min, holds no stock now, down by about 2t from the end of last month. They expect to sell around 5t this month, unchanged MoM. They sold around 60t in 2022 and around 10t till now in 2023.
A South-China-based trader noted that they hold back from selling tellurium ingot 99.99%min below RMB600/kg (USD86.13/kg) EXW D/P now and hold confidence about the market in the coming two weeks as one of their regular suppliers already moved up the price to RMB590/kg (USD84.69/kg) EXW D/P at present. However, they still could purchase the material at RMB580/kg (USD83.26/kg) EXW D/P one week ago. They last purchased around 2t at RMB530/kg (USD76.08/kg) EXW D/P one month ago and prefer to watch the market in rest days of this week, waiting for higher prices. The source said, "Considering that consumers' demand keeps strong, we forecast that the prevailing prices of Chinese tellurium ingot 99.99%min would reach to RMB600/kg (USD86.13/kg) EXW D/P in the coming week."
The trader, based on a regular monthly trading volume of 500kg of tellurium ingot 99.99%min, holds around 2t of stocks now, unchanged from the end of last month. They expect to sell around 2t this month, while did not close any deal last month. They sold around 6t in 2022 and around 500kg so far in 2023.
Another Trader in Southern China mentioned that they increased the price of tellurium ingot 99.99%min to RMB585/kg (USD83.97/kg) EXW D/P for firm bids no more than 1t and could not lower the price even for regular clients as they hold no stock for selling till the middle of this month. They still could accept RMB583/kg (USD83.69/kg) EXW D/P early this week and last sold around 500kg at this price early this week. They usually could sell around 1t a week after the Spring Festival. The source said, "Our consumers' demand stays strong, we think that the mainstream prices of tellurium ingot 99.99%min would go up further in the following week."
The trader, with a regular monthly trading volume of 5t of tellurium ingot 99.99%min, holds no stock now, down by about 2t from the end of last month. They expect to sell around 5t this month, unchanged MoM. They sold around 60t in 2022 and around 10t till now in 2023.
