SMM Weekly Forecast on China Selenium Market (April. 2-6)

SHANGHAI, March 30 (SMM) --

Review:

Mainstream traded prices of selenium dioxide were around RMB 700/kg and mainstream offers of selenium powder were in the RMB 1,050-1,080/kg range last week.

Based on result of SMM survey, prices of selenium dioxide were relatively stable last week, and operating rates at selenium dioxide producers also stabilized around 45%. Prices of selenium powder, raw material of selenium dioxide, increased by RMB 10/kg due to speculation. However, any room for selenium dioxide prices to advance along with selenium powder price hike was limited due to sluggish demand for EMM. Therefore, prices of selenium dioxide were between RMB 700-710/kg.

Forecast:

SMM expects that prices of selenium dioxide may fall slightly after Qingming Festival due to weak demand from EMM producers.