SMM Weekly Forecast on China Selenium Metal Market (Jun. 4-8)-Shanghai Metals Market

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SMM Weekly Forecast on China Selenium Metal Market (Jun. 4-8)

Price Review & Forecast 03:57:51PM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fell to RMB 570-580/kg, down RMB 40/kg, while mainstream offers for selenium powder dropped to RMB 860-910/kg, down RMB 20/kg from a week ago.

According to SMM sources, selenium powder prices on LME were relatively stable at USD 52-59/lb during the past week. Domestic selenium powder prices continued a downtrend on sluggish selenium dioxide markets. The remaining weak EMM markets and lower selenium powder prices drove prices for domestic selenium dioxide to slip to RMB 550-560/kg.

Forecast: SMM expects that prices of selenium dioxide may remain around RMB 550/kg, while selenium powder prices are expected to move around RMB 900/kg in the coming week.
 

SMM Weekly Forecast on China Selenium Metal Market (Jun. 4-8)

Price Review & Forecast 03:57:51PM Jun 01, 2012 Source:SMM

SHANGHAI, Jun. 1 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fell to RMB 570-580/kg, down RMB 40/kg, while mainstream offers for selenium powder dropped to RMB 860-910/kg, down RMB 20/kg from a week ago.

According to SMM sources, selenium powder prices on LME were relatively stable at USD 52-59/lb during the past week. Domestic selenium powder prices continued a downtrend on sluggish selenium dioxide markets. The remaining weak EMM markets and lower selenium powder prices drove prices for domestic selenium dioxide to slip to RMB 550-560/kg.

Forecast: SMM expects that prices of selenium dioxide may remain around RMB 550/kg, while selenium powder prices are expected to move around RMB 900/kg in the coming week.