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SMM Weekly Forecast on China Selenium Market (Aug. 13-17)
Aug 12, 2011 16:45SMM expects that prices of selenium dioxide will fall limited to around RMB 755/kg. Prices of selenium powder will be in the RMB 1,050-1,100/kg range next week.
SHANGHAI, Aug. 12 (SMM) -- Prices for EMM will slip slightly in the following week due to soft demand. Meanwhile, operating rates at downstream EMM producers were not high due to power restriction impact. In this context, demand for selenium dioxide will weaken. In addition, with the end of summer break in overseas market, supply of selenium powder from overseas supplier will increase. Growing supply of selenium powder will weigh on selenium dioxide prices.
SMM expects that prices of selenium dioxide will fall limited to around RMB 755/kg since supply of selenium dioxide has not increased significantly. Prices of selenium powder will be in the RMB 1,050-1,100/kg range next week.
selenium powder; selenium dioxide; minor metal
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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