Chinese selenium dioxide market sees active inquiries
2024-03-28 08:29:03 [Print]
BEIJING (Asian Metal) 28 Mar 24 - Chinese selenium dioxide 98%min market saw active inquiries and suppliers generally held back from selling since late last 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 RMB121-124/kg (USD7.60-7.79/lb) delivered D/P, an increase of RMB2/kg (USD0.13/lb) 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 upcoming week in view of active inquiries in the spot market.
A producer in Southern China started that they received 5-6 inquiries for selenium dioxide 98%min over the past week, while they got no more than 2 inquiries before that. They insisted on prices no lower than RMB125/kg (USD7.85/lb) delivered D/P presently, while they accepted the price as low as RMB123/kg (USD7.73/lb) one week ago. They last sold around 5t at RMB123/kg (USD7.73/lb) late last week. The producer said, "We intended to firm our prices due to tight supply of raw material and expect that the mainstream prices of Chinese selenium dioxide 98%min would go up further in the forthcoming week given the active inquiries from the downstream and limited stocks from the producers".
The producer, based on a production capacity of 360tpy of selenium dioxide 98%min, expected to produce almost 20t this month, without much change from last month. They hold around 5t of stocks now, in line with late last month.
A trader in Southern China noted that more than 5 clients sent inquiries for selenium dioxide 98%min to them since late last week, while they only got 2 inquiries before that. They had no intention to sell at prices less than RMB125/kg (USD7.85/lb) delivered D/P at present, while they last sold around 5t at RMB122/kg (USD7.66/lb) early last week. The trader said, "We held back from selling as we had difficulty in replenishing inventory at present and expected that the mainstream prices of Chinese selenium dioxide 98%min would increase in the forthcoming week".
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, expected to sell almost 10t this month and sold around 5t last month. They hold around 5t of stocks now, in line with late last month.
A producer in Southern China started that they received 5-6 inquiries for selenium dioxide 98%min over the past week, while they got no more than 2 inquiries before that. They insisted on prices no lower than RMB125/kg (USD7.85/lb) delivered D/P presently, while they accepted the price as low as RMB123/kg (USD7.73/lb) one week ago. They last sold around 5t at RMB123/kg (USD7.73/lb) late last week. The producer said, "We intended to firm our prices due to tight supply of raw material and expect that the mainstream prices of Chinese selenium dioxide 98%min would go up further in the forthcoming week given the active inquiries from the downstream and limited stocks from the producers".
The producer, based on a production capacity of 360tpy of selenium dioxide 98%min, expected to produce almost 20t this month, without much change from last month. They hold around 5t of stocks now, in line with late last month.
A trader in Southern China noted that more than 5 clients sent inquiries for selenium dioxide 98%min to them since late last week, while they only got 2 inquiries before that. They had no intention to sell at prices less than RMB125/kg (USD7.85/lb) delivered D/P at present, while they last sold around 5t at RMB122/kg (USD7.66/lb) early last week. The trader said, "We held back from selling as we had difficulty in replenishing inventory at present and expected that the mainstream prices of Chinese selenium dioxide 98%min would increase in the forthcoming week".
The trader, based on a regular monthly trading volume of 10t of selenium dioxide 98%min, expected to sell almost 10t this month and sold around 5t last month. They hold around 5t of stocks now, in line with late last month.
