China's tellurium price dropped on July 9 after climbing for around 18 months, according to Fastmarkets' price assessment.
Fastmarkets' weekly price assessment for tellurium 99.99% Temin, in-whs China was 575-582 yuan ($88.74-89.82) per kg on Friday July 9, downby 0.3% from $575-585 yuan per kg a week earlier.
It marks the first time the tellurium price has fallen since early 2020, when the price was 320-340 yuan per kg.
Sources told Fastmarkets that cargo holders lowered prices when they noticed trading starting to slow.
"Hot summer is traditionally the slack season for the [downstream]thermoelectric cooler industry, so industry...