SHANGHAI, Aug. 30 (SMM) -- Mainstream offers of selenium powder were in the RMB 1,050-1,090/kg range and mainstream traded prices for selenium dioxide were around RMB 770/kg on August 30th.
According to SMM sources, as EMM prices rose steadily, domestic selenium dioxide prices also began to rally slightly. However, as growth in EMM prices began to weaken and operating rates at EMM producers continued to stay at low level, selenium dioxide prices lack upward momentum to advance further.
Based on result of an SMM survey, current EMM prices are inclined to fall due to weak downstream demand. Meanwhile, operating rates at EMM producers continued to stay at low level due to producers’ low interest in conducting production and continuous power rationing, which is negative factor for selenium dioxide demand. In addition, China’s imports of selenium powder in July were 132 mt, slightly ample compared to less than 70 kt EMM output. The relatively ample but concentrated supply of selenium dioxide will make prices of selenium dioxide temporarily stable.