Chinese selenium dioxide market witnesses limited deals
2024-04-08 08:20:22 [Print]
BEIJING (Asian Metal) 8 Apr 24 - Chinese selenium dioxide 98%min market saw limited deals over the past week as suppliers generally hold back from selling as they can not build stocks due to high price of crude selenium 99%min. Currently, the mainstream prices of Chinese selenium dioxide 98%min remain at RMB121-124/kg (USD7.60-7.79/lb) delivered D/P, in line with early 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 increasing crude selenium prices.
A producer in Hunan states that they hold back from selling selenium dioxide 98%min since two weeks ago, while they concluded 2 deals before that. They insisted on prices no lower than RMB128/kg (USD8.02/lb) delivered D/P presently, unchanged from one week ago. They last sold around 5t at RMB123/kg (USD7.73/lb) two weeks ago. The producer says, "We intend to firm our price due to tight supply of raw material and expect that the mainstream prices of Chinese selenium dioxide 98%min would go up 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 700tpy of selenium powder 99.9%min, produced around 40t in March. They hold no stock now, unchanged from the end of last month.
Another producer in Hunan notes that they refuse to sell selenium dioxide 98%min since late last month, while they conclude 2-3 deals before that. They have no intention to sell at prices less than RMB125/kg (USD7.84/lb) delivered D/P at present, in line with early last week. They last sold around 2t at RMB121/kg (USD7.59/lb) two weeks ago. The trader says, "We hold back from selling as we had difficulty in replenishing inventory of crude selenium at present and expect that the mainstream prices of Chinese selenium dioxide 98%min would increase in the forthcoming week".
The producer, with a production capacity of 360tpy of selenium dioxide 98%min, holds 5t of stocks now, the same as the end of last month. They expected to produce about 25t this month, unchanged from last month.
A producer in Hunan states that they hold back from selling selenium dioxide 98%min since two weeks ago, while they concluded 2 deals before that. They insisted on prices no lower than RMB128/kg (USD8.02/lb) delivered D/P presently, unchanged from one week ago. They last sold around 5t at RMB123/kg (USD7.73/lb) two weeks ago. The producer says, "We intend to firm our price due to tight supply of raw material and expect that the mainstream prices of Chinese selenium dioxide 98%min would go up 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 700tpy of selenium powder 99.9%min, produced around 40t in March. They hold no stock now, unchanged from the end of last month.
Another producer in Hunan notes that they refuse to sell selenium dioxide 98%min since late last month, while they conclude 2-3 deals before that. They have no intention to sell at prices less than RMB125/kg (USD7.84/lb) delivered D/P at present, in line with early last week. They last sold around 2t at RMB121/kg (USD7.59/lb) two weeks ago. The trader says, "We hold back from selling as we had difficulty in replenishing inventory of crude selenium at present and expect that the mainstream prices of Chinese selenium dioxide 98%min would increase in the forthcoming week".
The producer, with a production capacity of 360tpy of selenium dioxide 98%min, holds 5t of stocks now, the same as the end of last month. They expected to produce about 25t this month, unchanged from last month.
