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Weekly Review and Forecast of Selenium Market
Jan 15,2010 11:19CST
smm insight
Source:SMM

SHANGHAI, Jan. 15 --

Weekly Review

This week, prices of domestic selenium powder were on upward track, with mainstream traded prices in the RMB 560-580/kg range. There were not many transactions in the market because prices advanced quickly but downstream purchases were not brisk. Selenium powder suppliers in overseas market were reluctant to move goods and there was not much supply in domestic market. In this context, suppliers were obviously unwilling to move goods, and prices of selenium powder will climb further.

This week, prices of selenium dioxide continued to advance, with prices rising from RMB 400/kg to RMB 440/kg. Supply of spot goods was relatively tight, and large suppliers' reluctance to move selenium dioxide was the mainly reason behind the steady climb of selenium dioxide.

Weekly Forecast

Demand was not strong in domestic selenium market. However, supply was tight in overseas market and suppliers' confidence in price increases was high, and speculative buying was increasing. Prices of selenium powder will break through RMB 600/kg; prices of selenium dioxide will also be on upward track, and are expected to rise further after getting support at RMB 450/kg.

 

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