SMM

SMM September 9 report: According to official information from Tongling Nonferrous Metals Group Co., Ltd.'s Jinguan Copper Branch, over 30 mt of crude selenium was successfully traded today at a transaction price of around 130 yuan/kg. Market participants indicated that the current market price of crude selenium has stabilized above 130 yuan/kg, reflecting increasingly fierce competition for crude selenium supply in the recent period and growing market confidence, with buyers showing strong purchasing interest. This development has also provided upward momentum for selenium products, such as selenium dioxide, further driving their prices higher. The overall industry chain remains optimistic about the medium and long-term market outlook.