Domestic Selenium Market Remains Weakly Stable Amid Seasonal Lull and Increased Supply

SMM, June 11 — According to official information from Baiyin Nonferrous Group Co., Ltd., Baiyin Nonferrous Group plans to sell 33 tonnes of crude selenium, with pricing determined through competitive bidding based on a premium/discount basis. The reserve discount price is RMB 11,000/tonne. A minimum of three registered bidders is required for the auction to proceed. The registration deadline is 17:00 on June 24, 2026, with bidding commencing at 15:00 on June 25, 2026.

SMM May 28: According to reliable market sources, a northern plant's tender project originally planning to sell 33 mt of crude selenium ultimately failed to close a deal. The project required a minimum of three bidders to proceed with the auction, but sources indicated that the tender was ultimately canceled due to fewer than three registrations. Market participants noted that recent trading in selenium dioxide and selenium powder markets has been stable, and end-users may not begin large-scale procurement and stockpiling until June. As a result, overall selenium market prices have entered a cooling-off period. Moreover, since this northern plant's crude selenium tender was denominated in mt in physical content rather than mt in metal content, the additional uncertainties may have caused many bidders to hold back for the time being. However, judging from the results of previous crude selenium sales by other plants, crude selenium prices have not yet shown signs of decline, and future price trends remain to be observed.

Shanghai Metals Market (SMM) reported on May 28 that, according to reliable market sources, a northern refinery’s tender for the sale of 33 tonnes of crude selenium ultimately failed to close. The auction required at least three bidders to proceed, but sources indicate that the tender fell short of this minimum, forcing its cancellation. Market participants note that recent trading in selenium dioxide and selenium powder has been steady, with end-users likely to hold off on large-scale stockpiling until June.

SMM May 19 – According to official information from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tons of crude selenium, with pricing based on bidding for premiums or discounts against a benchmark. The floor discount is set at RMB 6,000 per ton. The auction will proceed only if at least three bidders register. Registration deadline: 17:00, May 25, 2026. Auction start time: 10:00, May 26, 2026.

SMM May 12 – According to official information from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 tonnes of crude selenium, with pricing based on a competitive bidding process for a premium/discount. The floor discount is set at RMB 4,000/tonne. The project requires at least three bidders to register before the auction can proceed as scheduled. The registration deadline is 17:00 on May 14, 2026. The bidding will begin at 10:00 on May 15, 2026. Given the recent strong trading prices for crude selenium tenders in the market, market participants expect the outcome of this premium bidding to be promising.