SHANGHAI, Mar. 19 (SMM) -- Supply of selenium powder gradually increased after offers from overseas market lowered but prices from domestic suppliers didn't adjust, resulting in wait-and-see sentiment from the purchasers. Mainstream traded prices slipped slightly in the RMB 690-750/kg range.
Prices of China's selenium dioxide prices continued to fall slightly, and mainstream traded prices fell from RMB 520/kg last week to RMB 500-510/kg this week. The declining price trend is mainly attributed to wait-and-see purchasing sentiment from EMM producers due to slip of EMM prices. In addition, lower offers form some cargo-holders affected selenium prices as well.
Any downward room for domestic selenium prices to fall will be limited in the short term, and mainstream prices of selenium powder will move in the RMB 680-730/kg range. Although EMM prices slipped, operating rates at EMM producers are still above 70%, so demand of selenium dioxide will not change too much. In this context, selenium dioxide prices will move around RMB 500/kg.
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