Weekly Review of selenium Market (5.27-5.31): the transaction price of selenium market continues to decline

Transactions in the selenium market this week continued to weaken compared with last week, with some prices falling. Foreign media selenium powder quoted at $9 to 11 / lb, high-end and low-end unchanged from last week. Overseas prices remained stable and export orders remained normal. Although the overall price of the domestic selenium powder market is still resistant to decline, the center of gravity of the price has shifted slightly, and importers of selenium powder are in a strong mood for the high price of imported resources, while the consumption of domestic selenium powder is light, coupled with the price reduction of raw material crude selenium. The price has fallen somewhat. The price premium range between different domestic brand resources has been opened again. By Friday, the price of selenium powder in China was 145 to 170 yuan / kg, and the low end price was 5 yuan / kg lower than that of last week, and the average price was 2.5 yuan / kg lower than that of last week.

In terms of selenium, the price also fell slightly this week, to 85 to 90 yuan / kg on Friday, down 2.5 yuan / kg from Friday. In the near future, although the price of electrolytic manganese has remained stable as a whole, the price trend has still shown a downward shift. The new pricing policy of Ghanaian mines, the situation of domestic steel tactics, and the sharp fluctuation of the exchange rate and other factors have made the downstream electrolytic manganese price stable and resistant to decline. Therefore, the current shortage of buying in the downstream is not a small impact on the trading volume of selenium market. Coupled with the impact of crude selenium price reduction, the second selenium business mentality as a whole to maintain an empty attitude.

In terms of crude selenium, it is consistent with the performance of the second selenium market, the behavior of second selenium producers to replenish crude selenium is only to meet the needs of production, and adhere to low-cost procurement, the stalemate between supply and demand leads to dull trading within the week. Due to the gradual accumulation of crude selenium inventory in copper enterprises and the increase in pressure, and in the approach of the middle of the year, the willingness to cash out of crude selenium suppliers has gradually increased, and the price relaxation has increased, with a price of 98 to 108 yuan / kg by Friday. The average price is down 6 yuan / kg from Friday.

Forecast for next week: affected by terminal consumption, it is difficult to improve short-term consumer demand in the domestic selenium market, although the overseas market is stable, there is still negative sentiment in the market. The selenium market is expected to remain weak next week, but suppliers are expected to keep prices up and down.