SMM Weekly Forecast on China Selenium Metal Market (Jul. 2-6)-Shanghai Metals Market

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SMM Weekly Forecast on China Selenium Metal Market (Jul. 2-6)

Price Review & Forecast 10:36:50AM Jun 30, 2012 Source:SMM

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.

SMM Weekly Forecast on China Selenium Metal Market (Jul. 2-6)

Price Review & Forecast 10:36:50AM Jun 30, 2012 Source:SMM

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.