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Sluggish Transactions for High-priced Selenium
SHANGHAI, Sep. 9 (SMM) -- Offers of domestic selenium continued advancing. Mainstream offers of selenium dioxide were between RMB 520-540/kg and mainstream prices of selenium powder were between RMB 700-720/kg.
According to SMM sources, due to high offers from overseas suppliers, China’s domestic offers for selenium powder were above RMB 720/kg and some were even above RMB 750/kg. However, most traders told that actual transactions were sluggish and downstream purchasers still adopted a wait-and-see attitude, despite of price hike.
Offers of domestic selenium dioxide were also firm due to high costs. Meanwhile slight advance of EMM prices also allow selenium dioxide prices advance slightly. However, EMM prices were pushed up by expectation of possible lower operating rates, which will serve as a negative factor for selenium dioxide prices. Selenium dioxide producers obviously felt sluggish transactions amid low demand.
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