Weekly Review of selenium Market (3.26 ≤ 3.30): selenium Powder continues to passively follow the rise in the Price of selenium in the external Market this week

Published: Mar 30, 2018 16:53

Selenium powder continued to passively follow the rise this week, the price of selenium fell. As of Friday, selenium powder was quoted overseas at $23 to $25.50 a pound, up $0.5 a pound from Friday's low and high end. The overseas market is strong. according to the selenium import volume of 67767 kg and the export volume of 40201 kg announced by the Customs in February, the reasons for the Spring Festival are basically long orders, high outside and low inside to discourage importers from purchasing, and import costs continue to rise passively to raise prices. The quotation has reached 330 ≤ 340 yuan / kg level, but the domestic market demand is still depressed, the actual transaction there is a certain amount of room for negotiation. By Friday, the domestic price of selenium powder was 295 ≤ 310 yuan / kg, up 5 yuan / kg from last week.

In terms of crude selenium, the price as of Friday was 230 ≤ 250 yuan / kg, the average price was the same as last Friday. At present, the anode mud allowance of processing enterprises is limited, copper plants are not in a hurry to generate profits, overseas selenium powder rising trend has not been changed, there is no intention to take the initiative to ship. Downstream selenium producers have a certain panic, for high-priced raw materials do not want to undertake, so there are few procurement intention to release.

Forecast next week: the external market will continue to rise or drive selenium powder to continue to rise passively, but the range will be relatively limited; the atmosphere in the secondary selenium market is not good, or it may be stable and weak; crude selenium consumption is weak, and prices are difficult to fluctuate. Next week Qingming Festival short holiday approaches, the market as a whole is expected to be scarce trading volume, mainly stable prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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