SMM Weekly Forecast on China Selenium Metal Market (May 14-18)

SHANGHAI, May 11 (SMM) –
Review: Mainstream traded prices of selenium dioxide fell to RMB 650-660/kg, and mainstream offers of selenium powder dropped to RMB 990-1,020/kg during the past week.
According to SMM survey, prices of selenium powder on LME fell by USD 2/lb to USD 58-62/lb early last week, leaving lower prices for importing selenium powder. Meanwhile, selenium dioxide markets remained depressed, weighing down domestic selenium powder prices slightly, combined with the gloomy EMM markets, prices of domestic selenium dioxide dropped to RMB 650-660/kg.

Forecast: SMM expects that prices of selenium dioxide may hover between RMB 650-660/kg and selenium powder prices should move around RMB 1,000/kg in the coming week.