SHANGHAI, Apr 20 (SMM) – Selenium prices in China stayed at low levels during the week ended Friday April 20 amid thin transactions.
SMM assessed selenium powder at 300-320 yuan/kg as of Friday, flat from levels seen last week with sellers mostly fulfilling long-term orders. The offers in the international market also kept flat from at $23.5-26/lb.
SMM assessed selenium dioxide at 175-180 yuan/kg, down 8.5 yuan/kg from last Friday. While manufacturing cost dipped on lower raw material prices, sellers cut offers in order to destock. Buy tenders from manganese producers in south China also suggested declining prices. Buyers were mostly small- and medium-sized companies, SMM learned.
For crude selenium, SMM's assessment stood at 210-220 yuan/kg on Friday, down 21 yuan/kg from the previous week. Sellers lowered prices to speed up destocking after taking a cautious stance for a long time.
SMM sees prices of selenium dioxide to go down gradually in the near term as destocking need remained. We also see downward room for crude selenium as most large plants will lower their offers to make deals.
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