SHANGHAI, Jan. 14 (SMM) -- As overseas suppliers were reluctant to move goods, prices of domestic selenium poised to rise. Currently, mainstream offers of selenium powder were in around RMB 600/kg; mainstream offers of selenium dioxide were in the RMB 430-440/kg range. Suppliers' interest in moving goods was obviously low.
According to SMM, demand of selenium increased in European market due to increased output of thin film solar cell in Europe, which tightened supply of selenium. In this context, supply of selenium in Chinese market was also negative affected. Import cost of selenium climbed to the RMB 580,000-590,000/mt range, which was flat with selling prices of domestic selenium. Supply of spot goods was also tight in domestic market, and suppliers were reluctant to move goods. Although transactions were few and downstream consumers adopted a wait-and-see attitude, rising price trend of selenium will be hard to reserve.
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