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China’s Domestic Selenium Market under Pressure

iconAug 31, 2010 00:00

SHANGHAI, Aug. 31 (SMM) -- Today, mainstream offers for domestic selenium powder were between RMB 660-670/kg, and offers for selenium dioxide were around RMB 490/kg.

According to SMM sources, as overseas selenium powder prices rallied, most domestic selenium powder importer ceased to replenish stocks temporarily given high costs. Tight supply and high importing costs allow suppliers to lift offers, and some suppliers lifted selenium powder prices to RMB 680/kg. However, purchase interest from downstream selenium dioxide producers was low.

Although domestic selenium dioxide producers want to lift offers due to increased costs, upward momentum for domestic selenium dioxide prices is weak due to sluggish demand from EMM producers. Mainstream traded prices of selenium dioxide were around RMB 490/kg on August 30.

 

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