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[Minor metal] Selenium Dioxide Prices Continue to Rise in Domestic Market
SHANGHAI, July 28 (SMM) -- Domestic supply of selenium dioxide was tight, while the demand remained strong, so selenium dioxide prices continued to rise to RMB 300/kg from previous RMB 295/kg.
Sources report that domestic large suppliers failed to supply spot goods due to production cuts or shortages of raw material supply, resulting in tight spot supply in domestic market. Recently, operating rates at refined manganese factories increased constantly due to continuous increases in refined manganese prices, leading to increasing demand for selenium dioxide, and helping push up selenium dioxide prices increasingly.
SMM believes short supply will unlikely be eased in the short term, creating further upward room for selenium dioxide prices.
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