SMM

SMM News on June 25: According to the official announcement from the Jinguan Copper Branch of Tongling Nonferrous Metals Group Co., Ltd., the company began publicly selling 32 mt of crude selenium yesterday, with the base price yet to be disclosed. The deadline for submitting quotation responses is June 25, 2025. Many market participants have noted that with only one day for bidding, it is evident that the tenderer is confident in selling this batch of crude selenium. Recently, many selenium manufacturers have intensified their efforts to sell selenium products through tenders. Many manufacturers have increased their shipments ahead of mid-year, which has also put pressure on selenium product prices. The increase in manufacturers' shipments of crude selenium has kept the supply pressure on crude selenium, leading to a weak market for selenium products, including selenium dioxide, with a clear downward trend in prices. Some market participants have also stated that the tender results of the Jinguan Copper Branch of Tongling Nonferrous Metals Group Co., Ltd. this time are very important, as they can, to a certain extent, indicate the resilience of crude selenium prices. SMM will continue to follow up on this story.