SMM Weekly Forecast on China's Selenium Market (May 17-21)-Shanghai Metals Market

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SMM Weekly Forecast on China's Selenium Market (May 17-21)

SMM Insight 05:24:53PM May 14, 2010 Source:SMM

SHANGHAI, May 14 (SMM) -- Supply of goods from overseas market was still slightly few, and prices remained stable between USD 34-38/lbs. However, supply of domestic spot goods was sufficient, while demand from downstream consumers continued to be weak. In this context, profit at traders were very tin and selenium prices struggled to remain at RMB 650/kg due to support from high selenium powder prices.

Selenium prices are still under pressure to fall under the context that EMM market is still sluggish and supply of spot selenium dioxide is in surplus. It is expected that mainstream traded prices will fall below RMB 470/kg next week.

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


 

SMM Weekly Forecast on China's Selenium Market (May 17-21)

SMM Insight 05:24:53PM May 14, 2010 Source:SMM

SHANGHAI, May 14 (SMM) -- Supply of goods from overseas market was still slightly few, and prices remained stable between USD 34-38/lbs. However, supply of domestic spot goods was sufficient, while demand from downstream consumers continued to be weak. In this context, profit at traders were very tin and selenium prices struggled to remain at RMB 650/kg due to support from high selenium powder prices.

Selenium prices are still under pressure to fall under the context that EMM market is still sluggish and supply of spot selenium dioxide is in surplus. It is expected that mainstream traded prices will fall below RMB 470/kg next week.

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