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

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

SMM Insight 05:56:19PM May 21, 2010 Source:SMM

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

 

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 24-28)

SMM Insight 05:56:19PM May 21, 2010 Source:SMM

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

 

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