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.
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