SHANGHAI, Apr. 20 (SMM) –
Mainstream traded prices of selenium dioxide were between RMB 700-705/kg and mainstream offers of selenium powder were around RMB 1,050/kg during the past week.
Based on result of SMM survey, EMM markets remained weak, leaving demand for selenium dioxide hard to improve. However, selenium dioxide supply did not show surplus, combined with support from the firm prices of selenium powder on LME, selenium dioxide prices did not fall sharply and moved between RMB 700-705/kg. Domestic selenium powder prices dropped RMB 15/kg to move around RMB 1,050/mt.
SMM expects that prices of selenium dioxide may remain stable between RMB 700-710/kg and selenium powder prices should continue to hover around RMB 1,050/kg in the coming week.