SMM Weekly Forecast on China's Selenium Market (May 24-28)

SHANGHAI, May 21 (SMM) -- Although selenium prices advanced in overseas market, EMM prices fell significantly last week, and demand for selenium may further weaken. Market concern over a second round of economic crisis increased, and a new around of sell-offs may occur in the following week. In this context, prices of selenium powder and selenium dioxide may be weighed down.

It is expected that mainstream traded prices of selenium powder will fall to RMB 550/kg and prices of selenium dioxide will move around RMB 450/mt next week.

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

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