China’s selenium market stuck in stalemate

Prices for refined selenium in China were unchanged last week amid an inactive market, with cargo holders being reluctant to sell while demand from the downstream glass industry remained weak, Fastmarkets learned.

Fastmarkets’ weekly price assessment for selenium 99.9% Se min, in-whs China was 160-215 yuan ($25-34) per kg on Friday June 4, unchanged for a fourth week.
The low end of the range represents prices for domestically produced material while imported selenium were priced toward the middle and high end.
Sources told Fastmarkets that the current market was stuck in a stalemate. Cargo holders are keeping prices firm despite a sluggish demand, they said.

“I know many participants have no intention to lower prices to facilitate sales. Domestic copper plants are asking for high prices for crude selenium, thus there is no reason for cargo holders...

Published

Ruby Liu

June 08, 2021

08:50 GMT

Shanghai