SHANGHAI, Jun. 8 (SMM) –
Review: During the past week, mainstream traded prices of selenium dioxide in China fell to RMB 550-560/kg, down RMB 10/kg, while mainstream offers for selenium powder dropped to RMB 860-910/kg, down RMB 30/kg from a week ago.
According to SMM sources, selenium powder prices on LME were down USD 1/lb to USD 50-57/lb during the past week. Domestic selenium powder prices continued to fall as selenium dioxide markets remained bleak. The weak EMM markets and lower selenium powder prices cuased prices for domestic selenium dioxide to slip to RMB 540-550/kg.
Forecast: SMM expects that prices of selenium dioxide may fall further to move around RMB 530/kg, while selenium powder prices are expected to fluctuate around RMB 820/kg in the coming week.