SHANGHAI, Jul. 6 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fell to RMB 505-515/kg, while mainstream offers for selenium powder dropped to RMB 740-790/kg.
SMM has confirmed that selenium powder prices on LME fell by USD 1/lb to USD 43-49/lb. Domestic selenium powder prices kept falling due to the remaining weak selenium dioxide markets. Prices for domestic selenium dioxide dropped to RMB 505-515/kg influenced by depressed EMM markets and falling selenium powder costs.
Forecast: SMM expects that prices of selenium dioxide should move below RMB 500/kg, while selenium powder prices are expected to fluctuate around RMB 720/kg in the coming week.