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SMM Weekly Forecast on China's Selenium Market
SHANGHAI, May 14 (SMM) -- Supply of goods from overseas market was still slightly few, and prices remained stable between USD 34-38/lbs. However, supply of domestic spot goods was sufficient, while demand from downstream consumers continued to be weak. In this context, profit at traders were very tin and selenium prices struggled to remain at RMB 650/kg due to support from high selenium powder prices.
Selenium prices are still under pressure to fall under the context that EMM market is still sluggish and supply of spot selenium dioxide is in surplus. It is expected that mainstream traded prices will fall below RMB 470/kg next week.
To contact the writer on this report: fergiewang@smm.cn
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