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SMM Weekly Forecast on China's Selenium Market
SHANGHAI, Jun. 11 (SMM) -- Prices of selenium dioxide quickly fell below cost level and still have room to fall slightly. As operating rates at EMM producers may continue to deteriorating, domestic selenium dioxide may face sell-off pressure, and prices may fall below RMB 400/kg.
As prices of selenium dioxide and offers from overseas market are both on downward track, domestic selenium powder prices will also fall.
It is expected that mainstream traded prices of selenium powder will move between RMB 500- 550/kg and prices of selenium dioxide will move below RMB 400/mt next week.
To contact the writer on this report: fergiewang@smm.cn
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