SHANGHAI, Jun. 29 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fell to RMB 510-520/kg, while mainstream offers for selenium powder dropped to RMB 760-820/kg.
SMM has confirmed that selenium powder prices on LME fell by USD 3/lb to USD 44-50/lb as of June 27. Domestic selenium powder prices kept falling due to the remaining weak selenium dioxide markets. Prices for domestic selenium dioxide to dropped to RMB 510-520/kg influenced by dampened EMM markets and slipping selenium powder costs.
Forecast: SMM expects that prices of selenium dioxide should move around RMB 500/kg, while selenium powder prices are expected to fluctuate around RMB 800/kg in the coming week.