[Minor metal] Slim Transactions in Domestic Selenium Market

SHANGHAI, June 8 (CBI China) -- Selenium powder transactions were very limited in domestic market, with the price stabilizing in the RMB 370-400/kg range; trading volumes decreased slightly in selenium dioxide market, with the traded price in the RMB 270-275/kg range.

    It is said operating rates at domestic glass and ceramic producers continued to fall due to scarce demand, leading to dramatic decreases in the demand for refined selenium. However, the price remained stable temporarily as the spot market supply and demand remained in balance. Currently, the spot supply was limited at selenium dioxide suppliers in Guangzhou, Guixi and Changsha regions. However, the trading volumes of spot selenium dioxide decreased compared to last week, as the refined manganese factories purchased relatively large volumes of raw materials previously.

    CBI believes selenium market will remain stable in the near future, with limited fluctuations in price, due mainly to balanced supply and demand in selenium market.

Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040