SMM Weekly Forecast on China's Selenium Market

SHANGHAI, July 9 (SMM) -- Prices of selenium powder were stable this week, with mainstream traded prices between RMB 600-630/kg. Prices of selenium were firm in overseas market, and mainstream offers were still above USD 33/lbs. It is expected that domestic selenium powder prices may still have risk to fall further as demand was weak and transactions were sluggish.

Prices of selenium dioxide firstly climbed but later slipped this week, and fluctuated around RMB 430/kg. Production of EMM slowed down in July and demand for EMM was not brisk, leading to constant decline of EMM prices. Reduced demand for selenium dioxide, coupled with EMM price decline, dragged down prices of selenium dioxide.

SMM believes that demand from EMM industry may continue to fall, and operating rates at EM producers will continue to fall. In this context, demand for selenium dioxide will reduce further, which will weigh on selenium dioxide prices, and prices will move between RMB 400-420/kg. Mainstream traded prices of selenium may fall around RMB 600/kg.

To contact the writer on this report: fergiewang@smm.cn

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