SHANGHAI, Aug. 17 (SMM) -- Prices of domestic selenium dioxide prices climb slightly, and mainstream traded prices were between RMB 440-445/kg. According to SMM sources, downstream EMM prices climbed slightly and production costs for selenium dioxide are high. In this context, prices of selenium dioxide are advancing.
Supply: transactions of domestic silicon metal prices were relatively sluggish and mainstream offers were between RMB 610-640/kg. Current supply of selenium is tight and overseas offers are firm, pushing up import costs. In this context, most selenium dioxide traders kept offers firm.
Demand: transactions for downstream EMM were relatively sluggish, and the constant climb of EMM prices failed to stimulate downstream purchasing interest. Any room for EMM prices to climb further may be limited in the future due to current sluggish demand. Meanwhile, operating rates at EMM producers still remained at low levels, so demand for selenium dioxide from EMM producers will still be limited.
SMM believes that selenium dioxide prices may remain largely stable and any room for EMM prices to climb further will be limited under that context that demand is not expected to improve.
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