Chinese selenium dioxide suppliers hold back from selling
2023-03-15 08:30:24 [Print]
BEIJING (Asian Metal) 15 Mar 23 - Chinese selenium dioxide 98%min suppliers generally held back from selling the materials since early this week as they could not build stocks due to high price of crude selenium 99%min. Currently, the mainstream prices of Chinese selenium dioxide 98%min increase to RMB109-112/kg (USD15
A South-China-based trader noted that they hold back from selling selenium dioxide 98%min at present with a bottom price of RMB115/kg (USD16.72/kg) delivered D/P, while they still could accept RMB108/kg (USD15.71/kg) delivered D/P two weeks ago. They last sold around 5t at RMB108/kg (USD15.71/kg) delivered D/P in the middle of February, then kept watching the market till now. The source said, "Some traders would like to bid the materials at RMB110/kg (USD16.00/kg) delivered D/P, while we refused to sell as we could not build stock now . " They forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay rising next week supported by strong demand from traders.
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, has no plan to sell in March and sold around 5t last month. They hold more than 10t of stocks now, in line with the end of February . They sold around 100t in 2022 and around 15t till now in 2023.
"We prefer to watch the market without any selling plan of selenium dioxide 98%min presently as the current product cost stays higher than our stock cost now," another trader stated, adding that they refused to below RMB115/kg (USD16.72/kg) delivered D/P for selenium dioxide 98%min presently even for regular consumers. They last sold around 3t at RMB108/kg (USD15.71/kg) delivered D/P at the end of February . They think that the prevailing prices of Chinese selenium dioxide 98%min would remain moving up next week given that increasing prices of raw materials now.
With a regular monthly trading volume of 15t of selenium dioxide 98%min, the trader expects to sell around 5t this month and sold around 8t totally in February. They hold around 10t of stock now, in line with late last month.
. 85-16.29/kg) delivered D/P, an increase of RMB2/kg (USD0.3/kg) from the end of last week . Market participants believe that the prevailing prices of Chinese selenium dioxide 98%min would go up slightly in the coming week in view of active inquiries in the spot market.
A South-China-based trader noted that they hold back from selling selenium dioxide 98%min at present with a bottom price of RMB115/kg (USD16.72/kg) delivered D/P, while they still could accept RMB108/kg (USD15.71/kg) delivered D/P two weeks ago. They last sold around 5t at RMB108/kg (USD15.71/kg) delivered D/P in the middle of February, then kept watching the market till now. The source said, "Some traders would like to bid the materials at RMB110/kg (USD16.00/kg) delivered D/P, while we refused to sell as we could not build stock now . " They forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay rising next week supported by strong demand from traders.
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, has no plan to sell in March and sold around 5t last month. They hold more than 10t of stocks now, in line with the end of February . They sold around 100t in 2022 and around 15t till now in 2023.
"We prefer to watch the market without any selling plan of selenium dioxide 98%min presently as the current product cost stays higher than our stock cost now," another trader stated, adding that they refused to below RMB115/kg (USD16.72/kg) delivered D/P for selenium dioxide 98%min presently even for regular consumers. They last sold around 3t at RMB108/kg (USD15.71/kg) delivered D/P at the end of February . They think that the prevailing prices of Chinese selenium dioxide 98%min would remain moving up next week given that increasing prices of raw materials now.
With a regular monthly trading volume of 15t of selenium dioxide 98%min, the trader expects to sell around 5t this month and sold around 8t totally in February. They hold around 10t of stock now, in line with late last month.