Weekly Review of selenium Market (8.27-8.31): the selenium market is deadlocked and resistant to a slight decline in selenium market this week.

Selenium market stalemate this week, two selenium fell slightly. By Friday, the overseas offer for selenium powder was $13.5 to $15 per pound, up $0.50 per pound from the low end last week, and the high end was flat. The external market price performance is relatively strong, the domestic import selenium powder business is limited by the cost also basically did not have the desire to continue to reduce the price. The price of domestic selenium powder is limited by the price of crude selenium and there is no room for price reduction. By Friday, the price of selenium powder in China was 190 to 230 yuan / kg, the average price was the same as last Friday.

In terms of crude selenium, the price was 132 to 140 yuan / kg by Friday, 1.5 yuan / kg lower than last Friday. Near the end of the month, mainstream suppliers wait-and-see attitude, few shipments, within the week only sporadic transactions in the low price, so the overall focus of trading is still stable.

Forecast for next week: under the guidance of external market prices, the decline of domestic selenium powder prices will obviously slow down. In the short term, the selenium powder market should pay close attention to the supply of crude selenium and the conduction effect of price on domestic selenium powder. Selenium suppliers are also limited by costs and limited room for price reduction. At present, the crude selenium market is anxious, the market is waiting for suppliers to make a tradeoff between smooth delivery and guaranteed price.