SMM Weekly Forecast on China's Selenium Market

SHANGHAI, July 16 (SMM) -- Prices of selenium powder were stable this week, with mainstream traded prices between RMB 600-630/kg.

Prices of selenium powder were firm in overseas market. Prices of imported selenium powder still stayed at high level, which are almost the same with domestic traded prices. Demand from China's glass-ceramic industry is still sluggish, and more and more producers halted production. In this context, demand for selenium will continue to be sluggish. 

Prices of selenium dioxide slipped slightly between RMB 410-420/mt due to low operating rates at EMM producers. Sluggish demand from stainless steel mills push operating rates at EMM producers at low level, leading to EMM prices near cost level. In this context, supply for selenium dioxide is reducing, and prices of selenium dioxide also slip.

SMM believes that demand for selenium remained low, but production costs for selenium are still high. In this context, prices of selenium will fluctuate around current level. Prices of selenium dioxide will move between RMB 400-420/kg. Mainstream traded prices of selenium powder may move around RMB 600/kg.

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