Weekly Review and Forecast on China's Selenium Market

SHANGHAI, Feb. 18 (SMM) -- With the official close of Chinese New Year holiday, EMM producers will gradually resume production in the following week. Downstream EMM prices are expected to stabilize at high level and operating rates at EMM producers will also grow. However, prices for selenium power are still high due to high offers in overseas market and tight domestic supply.

In this context, prices of selenium dioxide are expected to move higher from high costs and growing demand. SMM expects that mainstream traded prices of selenium dioxide will be in the RMB 880-900/kg range, and mainstream traded prices of selenium powder will be in the RMB 1,200-1,300/kg range.

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