SMM Weekly Forecast on China Selenium Metal Market (Jul. 23-27)-Shanghai Metals Market

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SMM Weekly Forecast on China Selenium Metal Market (Jul. 23-27)

SMM Insight 05:27:52PM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fluctuated around RMB 510/kg, while mainstream offers for selenium powder remained between RMB 730-780/kg since the price has touched cost lines for most producers, leaving them unwilling to sell goods when prices on LME showed little changes.

Forecast: Downstream EMM markets remained depressed with operating rates at enterprises expected to fall below 40%, weakening demand in selenium market. Meanwhile, supply for selenium dioxide was still sufficient. Thus, SMM expects that prices of selenium dioxide may fall further below RMB 500/kg, while selenium powder prices are expected to fluctuate around RMB 720/kg in the coming week.

SMM Weekly Forecast on China Selenium Metal Market (Jul. 23-27)

SMM Insight 05:27:52PM Jul 20, 2012 Source:SMM

SHANGHAI, Jul. 20 (SMM) –
Review: During the past week, China’s mainstream traded prices of selenium dioxide fluctuated around RMB 510/kg, while mainstream offers for selenium powder remained between RMB 730-780/kg since the price has touched cost lines for most producers, leaving them unwilling to sell goods when prices on LME showed little changes.

Forecast: Downstream EMM markets remained depressed with operating rates at enterprises expected to fall below 40%, weakening demand in selenium market. Meanwhile, supply for selenium dioxide was still sufficient. Thus, SMM expects that prices of selenium dioxide may fall further below RMB 500/kg, while selenium powder prices are expected to fluctuate around RMB 720/kg in the coming week.