Strengthening market sentiment has been the driving force behind the recent robust performance in China's selenium market, according to sources.
Fastmarkets' weekly price assessment for selenium 99.9% Se min, in-whs China was 155-190 yuan ($24-29) per kg on Friday March 26, up by 10-25 yuan per kg (11.3%) from 130-180 yuan per kg a week earlier. The low end of the range represents prices for domestically produced material, while prices for imported selenium were toward the middle or high end of the range."[China's] market is oversupplied with selenium. If we only look at market fundamentals, it would be impossible for the selenium price to pick up. However, sentiment...