Weekly Forecast on China's Selenium Market (Mar. 28-Apr. 1)

Mar 25, 2011 18:24

Significant decline of China's selenium imports volume during February will allow selenium prices continue hover at high level.

SHANGHAI, Mar. 25 (SMM) -- Significant decline of China's selenium imports volume during February will allow selenium prices continue hover at high level, which will strongly buoy selenium dioxide prices. Meanwhile, operating rates at downstream EMM produces were stable, and are expected to grow. In this context, prices of selenium dioxide may advance further to around 9,000/mt due to stale demand and high costs, and prices of selenium powder may move between RMB 1,300-1,350/kg.

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Weekly Forecast on China's Selenium Market (Mar. 28-Apr. 1)

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