SHANGHAI, Oct. 27 (SMM) -- Domestic refined selenium prices climbed to RMB 480-500/kg from last week levels of RMB 460-490/kg.
According to SMM sources, there are two reasons behind the price rise. First, refined manganese prices increased, raising the expectations of growth in operating rates at refined manganese producers, and prices for selenium dioxide advanced as a result. Second, recent imports of refined selenium dropped due to higher MB prices than domestic traded prices, resulting in limited spot inventories at domestic large suppliers and small traders. The short supply helped drive up refined selenium prices.
SMM believes refined selenium prices will stabilize along with arrivals of raw materials at large suppliers, limiting the possibility of price surges.
In addition, today mainstream traded prices for selenium dioxide are RMB 330-340/kg, with limited deals done at RMB 350-370/kg.
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