Chinese selenium dioxide prices increase
2023-03-29 08:24:28 [Print]
BEIJING (Asian Metal) 29 Mar 23 - Driven by higher prices of crude selenium, most Chinese selenium dioxide 98%min suppliers marked up the prices over the past week and the market saw active inquiries. Currently, the mainstream prices of Chinese selenium dioxide 98%min hover at RMB124-127/kg (USD18
A South-China-based producer noted that they increased the price of selenium dioxide 98%min to RMB140/kg (USD20.34/kg) delivered D/P at present and could not accept any price lower than RMB135/kg (USD19.61/kg) delivered D/P even for firm bids, while they still could accept RMB130/kg (USD18.89/kg) delivered D/P last week. They last sold around 1t at RMB130/kg (USD18.89/kg) delivered D/P last week and prefer to watch the market with firm offer now . The source said, "We forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay firm within this week supported by higher crude selenium prices now."
The producer, with a production capacity of 1,200tpy of selenium dioxide 98%min, expects to produce around 50t this month, unchanged from last month. They hold more than 20t of stocks now, in line with last month.
A trader in Southern China disclosed that they moved up the price to RMB130/kg (USD18.89/kg) delivered D/P for selenium dioxide 98%min now and could not accept any price cheaper than RMB125/kg (USD18.16/kg) delivered D/P for regular clients. However, they still insisted on RMB120/kg (USD17.44/kg) delivered D/P one week ago and last sold around 2.5t at RMB125/kg (USD18.16/kg) delivered D/P early this week . "We think that the mainstream prices of Chinese selenium dioxide 98%min would keep firm in the rest days of this week as the crude selenium prices keep rising now," the source said.
The trader, having a regular monthly trading volume of 10t of selenium dioxide 98%min, holds around 15t of stocks now, in line with the end of last month. They expect to sell around 10t this month and sold around 5t last month . They sold around 200t in 2022 and around 20t in the past two months in 2023.
. 02-18.45/kg) delivered D/P, up by RMB5/kg (USD0.73/kg) from the end of last week . Considering that suppliers generally tend to move up the prices further and the supply keeps tight, market participants believe that the prevailing prices of Chinese selenium dioxide 98%min would go up in the coming week.
A South-China-based producer noted that they increased the price of selenium dioxide 98%min to RMB140/kg (USD20.34/kg) delivered D/P at present and could not accept any price lower than RMB135/kg (USD19.61/kg) delivered D/P even for firm bids, while they still could accept RMB130/kg (USD18.89/kg) delivered D/P last week. They last sold around 1t at RMB130/kg (USD18.89/kg) delivered D/P last week and prefer to watch the market with firm offer now . The source said, "We forecast that the prevailing prices of Chinese selenium dioxide 98%min would stay firm within this week supported by higher crude selenium prices now."
The producer, with a production capacity of 1,200tpy of selenium dioxide 98%min, expects to produce around 50t this month, unchanged from last month. They hold more than 20t of stocks now, in line with last month.
A trader in Southern China disclosed that they moved up the price to RMB130/kg (USD18.89/kg) delivered D/P for selenium dioxide 98%min now and could not accept any price cheaper than RMB125/kg (USD18.16/kg) delivered D/P for regular clients. However, they still insisted on RMB120/kg (USD17.44/kg) delivered D/P one week ago and last sold around 2.5t at RMB125/kg (USD18.16/kg) delivered D/P early this week . "We think that the mainstream prices of Chinese selenium dioxide 98%min would keep firm in the rest days of this week as the crude selenium prices keep rising now," the source said.
The trader, having a regular monthly trading volume of 10t of selenium dioxide 98%min, holds around 15t of stocks now, in line with the end of last month. They expect to sell around 10t this month and sold around 5t last month . They sold around 200t in 2022 and around 20t in the past two months in 2023.