Offers of Selenium Dioxide up -Shanghai Metals Market

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Offers of Selenium Dioxide up

SMM Insight 06:00:19PM Jun 28, 2010 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- Affected by EMM price increases, China's domestic selenium dioxide prices advanced slightly. Mainstream offers advanced from last weekend RMB 390-400/kg to current RMB 410-430/kg.

According to SMM sources, price hike is attributed to EMM price increases as well as the fact that supply of goods was dominated by certain cargo-holders. It is reported that current mainstream costs for selenium dioxide were above RMB 430/kg and producers' unwillingness to sell goods also help push up selenium prices.

SMM believes that prices of selenium dioxide will hover around RMB 430/kg in the short term, and any room for prices to rise will be limited given that operating rates at downstream companies havent improved much.

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



 

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Offers of Selenium Dioxide up

SMM Insight 06:00:19PM Jun 28, 2010 Source:SMM

SHANGHAI, Jun. 28 (SMM) -- Affected by EMM price increases, China's domestic selenium dioxide prices advanced slightly. Mainstream offers advanced from last weekend RMB 390-400/kg to current RMB 410-430/kg.

According to SMM sources, price hike is attributed to EMM price increases as well as the fact that supply of goods was dominated by certain cargo-holders. It is reported that current mainstream costs for selenium dioxide were above RMB 430/kg and producers' unwillingness to sell goods also help push up selenium prices.

SMM believes that prices of selenium dioxide will hover around RMB 430/kg in the short term, and any room for prices to rise will be limited given that operating rates at downstream companies havent improved much.

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