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.