China’s Selenium Prices Advance Further

SHANGHAI, Nov. 11 (SMM) -- Mainstream offers of selenium were between RMB 640-660/mt from a day earlier, and mainstream offers of selenium powder were between RMB 890-920/kg.

According to SMM sources, China’s supply of selenium powder was relatively tight due to declining importing volumes, which is caused by importer’s cautious attitude for goods replenishment amid constant rising selenium prices in overseas market. Domestic selenium powder supplier’s reluctance to move goods strengthened when selenium powder were offered between USD 40-46/lbs in overseas market. In this context, prices of domestic selenium powder have been constantly rising, and current mainstream traded prices of selenium powder were between RMB 900-920/kg.

Prices for selenium dioxide were temporarily stable. Although selenium powder prices have been rising, upward momentum for selenium dioxide is weak due to sluggish condition at downstream EMM sector. However, selenium dioxide prices may advance further amid rising selenium powder.

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