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SMM Weekly Forecast on China's Selenium Market
SHANGHAI, May 28 (SMM) --
Supply
Some foreign traders lowered selenium prices and some middleman sold off selenium.
Demand
Glass-ceramics industry stepped into its seasonal low production and sales period and demand for EMM industry was also sluggish. In this context, selenium prices shall continue to be weighed. However, as current selenium prices were lower than cost, any downward pace of selenium prices shall become slow.
Forecast
It is expected that mainstream traded prices of selenium powder will fall to RMB 550/kg and prices of selenium dioxide will move around RMB 440/mt next week.
To contact the writer on this report: fergiewang@smm.cn
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