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SMM Weekly Forecast on China’s Selenium Market
SHANGHAI, Sep. 30 (SMM) -- SMM believes that prices of electrolytic manganese metal will mainly keep steady, with operating rates at around 50%, thus will lend certain support to demand for domestic selenium dioxide. In addition, high costs of selenium powder will also help stabilize prices of domestic selenium dioxide at high levels.Hence, SMM expects that prices of domestic selenium dioxide will experience slight rises after the National Day holiday, with mainstream traded prices between RMB 540-560/kg.
As regard to domestic selenium powder, SMM expects that prices in domestic selenium powder market will fluctuate between RMB 760-780/kg, given firm offers reported on MB and relatively tight overseas supply.
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