The low end of the domestic Chinese selenium price was pulled down over the past week by lower raw material costs as a result of ample supply of upstream crude selenium.
Fastmarkets assessed the selenium 99.9% Se min, in-whs China price at 85-135 yuan ($12-19) per kg on Friday October 11, down by 5 yuan on the low end from 90-135 yuan per tonne the week before. The price has fallen by 47.6% from 180-240 yuan per kg in the beginning of this year and is now trading at a three-year low, when the price was at 85-100 yuan per kg in May 2016. Crude selenium, an upstream material used in the...