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SMM Weekly Forecast on China’s Selenium Market (Sep. 20-24)
Sep 17,2010 16:45CST
smm insight
Source:SMM
It is expected that prices of selenium dioxide will be largely stable.

SHANGHAI, Sep. 17 (SMM) -- Selenium prices didn’t rally along with EMM price surge, as EMM prices were boosted by government crackdown on energy conservation and emission reduction which actually leads to demand reduction for selenium.

High costs for importing selenium, and reduced supply of selenium in the overseas market added difficulty for selenium imports. Prices for selenium powder continued staying at high level amid tight supply this week, with mainstream traded prices between RMB 720-730/kg.

In this context, traded prices of selenium dioxide remained stable between 530-540/kg as demand reduced but production costs were high.

SMM believes that prices of selenium dioxide prices will remain stable it is because that demand for selenium will be weak due to low operating rates at EMM producers from government crackdown on energy conservation and emission reduction, but high selenium powder prices will lend support for selenium dioxide prices. It is expected that prices of selenium dioxide will be largely stable, with mainstream traded prices between RMB 530-540/kg, and prices of selenium powder will be around RMB 720/kg.

 

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