Strengthening market sentiment pushes Chinese selenium price up

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.
The price is up by around 61% since the beginning of this year, when it was assessed at 90-125 yuan per kg.
Market sources told Fastmarkets that it is participants' enthusiasm, and not fundamentals, that is supporting the rising selenium price.

"[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...

Gold stocks mixed after previous week's huge gains

Large TSXV gold multiple driven up by high Artemis weighting

Monetary-driven precious metals outperform major base metals

Gold stocks hit by plunging equities markets

Gold stocks down as metal and equities momentum fades