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[Minor metal] Forecast of Domestic Selenium Market Next Week
SHANGHAI, May 8 (CBI China) -- Next week, the trend of domestic selenium market will be closely related with the changes in refined manganese market and its operating rates. The supply and demand remained in balance in domestic selenium powder market, with the price still moving in the RMB 360-400/mt range.
The price of selenium dioxide will stabilize in current level. More than 100kt of selenium dioxide from Jiangxi Copper flowed into the market during this week, but the impact on domestic selenium dioxide market was very limited due to limited volumes. As refined manganese price will hover around current price, and the operating rates will likely remain unchanged, so the price of selenium dioxide will remain stable, with thin possibility of downward room.
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