Suppliers raise selenium quotations
2005-01-17 08:58:00 【Print】
BEIJING (Asian Metal) 17-Jan-05 Chinese suppliers raise the quotations of selenium powder 99.9%min to around rmb1030-1050/kg from rmb950-970/kg last week for they reckoned that the selenium market would wake up soon in China.
“We offer rmb1050/kg for selenium powder with Germany origin 99.9%min now, up from rmb900-1000/kg seen last week,” a Hubei based trader told Asian Metal today, adding,“although no transactions have been reported so far, I believed that consumers would accept the price in the coming weeks.”
Meanwhile, a Tianjin based consumer confirmed that suppliers raise the quotations to just over rmb1000/kg from rmb960/kg seen last week. “We have no idea that whether the price would continue to go up in the following weeks. Now we intend to watch and wait for the further market development,” added the manager. According to her, the firm still has some selenium powder which could meet the demand for one more month production.
The manager complained that overseas suppliers’ quotations are much higher than the domestic level. “A dealer offered as high as $89.5/kg for the crude selenium powder 98.5%min and 2mm, an equivalence to rmb1007/kg, at which we could purchase better materials of 99.9%min and 300 meshes in China ,” added the manager.
Another China consumer also reported that now he can’t accept a price above $35/lb at all for the materials 99.5%min. “I thought that selenium market is full of risks and even might collapse if the international price moves up to $40/lb,” added the consumer.
