Selenium Dioxide Prices Decline Slightly -Shanghai Metals Market

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Selenium Dioxide Prices Decline Slightly

SMM Insight 03:04:30PM Mar 16, 2010 Source:SMM

SHANGHAI, Mar. 16 (SMM) -- China's domestic selenium dioxide prices fell slightly due to lukewarm demand, with mainstream traded prices falling from RMB 520-530/kg to RMB 510-520/kg.

As EMM prices fell, demand of selenium dioxide was negatively affected. Rumors reported that some selenium dioxide suppliers will sell off goods at low prices, exerting greater pressure on selenium dioxide market price, and prices were depressed down. It was reported that selenium powder suppliers from Europe and India took the initiative to make offers to China's importers, an indication of price decline of selenium powder which is raw material for the production of selenium dioxide.

SMM believes that supply hasn't increased yet, and operating rates at EMM producers are basically at 70%. Supply and Demand is relatively balanced, and prices of selenium dioxide are expected to move above RMB 500/kg in the near term.

To contact the writer on this report: fergiewang@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn


 

Selenium Dioxide Prices Decline Slightly

SMM Insight 03:04:30PM Mar 16, 2010 Source:SMM

SHANGHAI, Mar. 16 (SMM) -- China's domestic selenium dioxide prices fell slightly due to lukewarm demand, with mainstream traded prices falling from RMB 520-530/kg to RMB 510-520/kg.

As EMM prices fell, demand of selenium dioxide was negatively affected. Rumors reported that some selenium dioxide suppliers will sell off goods at low prices, exerting greater pressure on selenium dioxide market price, and prices were depressed down. It was reported that selenium powder suppliers from Europe and India took the initiative to make offers to China's importers, an indication of price decline of selenium powder which is raw material for the production of selenium dioxide.

SMM believes that supply hasn't increased yet, and operating rates at EMM producers are basically at 70%. Supply and Demand is relatively balanced, and prices of selenium dioxide are expected to move above RMB 500/kg in the near term.

To contact the writer on this report: fergiewang@smm.cn

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn