Selenium is trading at $34.50-38.50 per lb compared with $34-38 per lb previously.
Little business was reported on Wednesday, although there is speculation in the European market that spot deals have already been struck at $40 per lb.
“It’s still going up. We’re buying at $34.50 and selling up to $38. I’m telling my guys to book metal, but to be fair to the customers,” one market participant said.