SHANGHAI, May 25 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fell to RMB 580-590/kg, down RMB 50/kg, while mainstream offers for selenium powder dropped to RMB 900-950/kg, down RMB 50/kg from a week ago.
According to SMM sources, prices for importing selenium powder continued to fall since prices of selenium powder on LME dropped by USD 2/lb to USD 54-60/lb last week. Meanwhile, selenium dioxide markets saw no improvements, weighing down domestic selenium powder prices. Thus, the remaining weak EMM markets and lower selenium powder prices led prices for domestic selenium dioxide to fall to RMB 580-590/kg.
Forecast: SMM expects that prices of selenium dioxide may be around RMB 550/kg and selenium powder prices should move around RMB 900/kg in the coming week.