SMM Weekly Forecast on China Selenium Metal Market (May 21-25)-Shanghai Metals Market

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SMM Weekly Forecast on China Selenium Metal Market (May 21-25)

SMM Insight 05:17:59PM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) –
Review: Last week, mainstream traded prices of selenium dioxide fell to RMB 630-640/kg from RMB 650-660/kg, and mainstream offers of selenium powder dropped to RMB 950-1,000/kg from RMB 990-1,020/kg a week earlier.
According to SMM sources, prices of selenium powder on LME fell by USD 1/lb to USD 56-62/lb last week, leaving prices for importing selenium powder lowering further. Meanwhile, selenium dioxide markets remained gloomy, dragging down domestic selenium powder prices. The dampened EMM markets and falling selenium powder prices drove prices for domestic selenium dioxide down to RMB 630-640/kg.

Forecast: SMM expects that prices of selenium dioxide may move around RMB 620/kg and selenium powder prices should fluctuate around RMB 950/kg this week.
 

SMM Weekly Forecast on China Selenium Metal Market (May 21-25)

SMM Insight 05:17:59PM May 21, 2012 Source:SMM

SHANGHAI, May 21 (SMM) –
Review: Last week, mainstream traded prices of selenium dioxide fell to RMB 630-640/kg from RMB 650-660/kg, and mainstream offers of selenium powder dropped to RMB 950-1,000/kg from RMB 990-1,020/kg a week earlier.
According to SMM sources, prices of selenium powder on LME fell by USD 1/lb to USD 56-62/lb last week, leaving prices for importing selenium powder lowering further. Meanwhile, selenium dioxide markets remained gloomy, dragging down domestic selenium powder prices. The dampened EMM markets and falling selenium powder prices drove prices for domestic selenium dioxide down to RMB 630-640/kg.

Forecast: SMM expects that prices of selenium dioxide may move around RMB 620/kg and selenium powder prices should fluctuate around RMB 950/kg this week.