Leveraging the dual-carbon strategy and the broader trend of circular economy development, China’s recycled metals industry led the world in scale while also facing numerous development challenges. To help enterprises seize industry policy and market opportunities and address industry development challenges, SMM will hold a major event in Ningbo, Zhejiang, from August 17 to 18, 2026 , namely the 2026 SMM Recycled Metals Industry Peak Forum and Casting & Smelting Technology Special Session . sincerely invites you to witness and participate in building an international platform for exchange and cooperation, resource sharing, and collaborative innovation, supporting the establishment and improvement of a global resource recycling and utilization system, and contributing to the global green economic transition. Click the link to register for the conference immediately. Booth No.: E14 Yinuo Instruments: Analyzing the Future was a leading technology-based company in China, focusing on scientific instruments and industrial equipment for nearly two decades. It was a comprehensive technology-based enterprise integrating R&D, production, sales, detection, metrology, and maintenance services. Its headquarters was located in Wenzhou Southern Zhejiang Science and Technology City – Wenzhou Wanyang Technology Innovation Hub. It was a provincial technology-based small and medium-sized enterprise and a provincial high-growth technology-based enterprise, and had passed ISO9000 certification. Group members included Yinuo holding companies and sales/service outlets in Wenzhou, Shanghai, Suzhou, Hebei, Hangzhou, Shaoxing, Shenzhen, Chengdu, Suzhou, Wuhan, Zhengzhou, and other locations. Yinuo Electromechanical ’s X-ray fluorescence spectrometers (XRF) and laser analyzers (LIBS) were applicable across various industries, including metal processing, petrochemicals, new energy battery, aerospace, strategic metals (lithium, rare earth elements, etc.), environmental protection, power and energy, mining, scrap metal recycling, and more. SciAps LIBS Z-70 1. Exceptional value for money, providing accurate and rapid alloy identification and chemical analysis 2. An extensive grade database, with full coverage of aluminum grades for fast differentiation and identification 3. High-power laser capable of penetrating surface oil stains, anodised layers, and more SciAps XRF X-50+ 1. Accurate analysis: Al aluminum, Mg magnesium, Si silicon, Ti titanium, V vanadium, Cr chromium, Mn manganese, Fe iron, Co cobalt, Ni nickel, Cu copper, Zn zinc, Y yttrium, Se selenium, Zr zirconium, Nb niobium, Mo molybdenum, W tungsten, Ta tantalum, Hf hafnium, Re rhenium, Au gold, Pb lead, Bi bismuth, Rh rhodium, Ru ruthenium, Pd palladium, Ag silver, Cd cadmium, Sn tin, Sb antimony, and other elements. 2. In addition to accurately identifying aluminum alloy grades, it can also analyze stainless steel, tungsten steel, copper alloys, die steel, etc. 3. Non-destructive analysis, convenient and fast, photo capture, Bluetooth sharing. Contact Information Ma Haochen: 13634297366 Website: Address: Room 1201, Block B1, Wanyang Technology City, No. 2999 Nanyang Avenue, Zhenan Science and Technology City, Longwan District, Wenzhou, Zhejiang Province, China SMM Conference Contact Guan Changkui 18715173598 Email:
Aug 7, 2026 11:45SMM News, August 3: SMM has been informed that Shandong Humon Smelting Co., Ltd. has initiated a public bidding sale for its high-purity selenium head and tail materials with immediate effect. The total volume of this batch of materials is 1,000 kilograms. According to official notices, the goods are packed in iron drums and collected by buyers on a self-pickup basis with all freight charges borne by purchasers. In accordance with national regulations, transportation must be carried out by qualified vehicles for hazardous chemicals. Buyers are required to complete pickup prior to August 20, 2026 at the premises of Shandong Humon Smelting Co., Ltd. Market participants commented that selenium prices have remained relatively stable recently. The tendered selenium material released by Shandong Humon can gauge the actual market purchasing capacity to a certain extent. Given the small shipment volume, a successful transaction is highly likely. The final winning bid price will mirror current market fundamentals and provide directional references for the whole industry. SMM will keep track of and update follow-up bidding developments.
Aug 3, 2026 09:47SMM August 3 News: According to SMM, Shandong Humon Smelting Co., Ltd. started an open tender today for the sale of its high-purity selenium head and tail materials. This batch amounts to 1,000 kg. According to official information, the packaging is iron drums, delivery is EXW (buyer picks up goods), freight is borne by the buyer, and the goods must be transported by qualified hazardous chemical vehicles in accordance with national regulations. The buyer must pick up the goods before August 20, 2026, at the delivery location of Shandong Humon Smelting Co., Ltd. Sales contact: Wang Peng, Tel: 17616212861. Currently, the official has not announced a starting bid price for the tender, but stated that the highest bidder wins. Buyers should submit their quotations based on their own circumstances. If a buyer's bid does not reach the seller's reserve price, the seller has the right to refuse the sale. To ensure timely quotation, the inquiry form, copies of the participating bidder's business license, invoicing information (stamped with the company seal), and hazardous chemical business license must be returned to 17616212861@163.com before 11:30 a.m. on August 4, 2026, and promptly contact Humon personnel to collect them. Market participants noted that as selenium market prices have been relatively stable recently, the quantity offered by Shandong Humon in this tender can test market consumption to some extent. Moreover, the relatively small volume makes a deal likely. The final bid price could reflect certain market conditions and provide some guidance to the market. SMM will continue to follow up and report on the tender progress.
Aug 3, 2026 09:45SMM News, July 24: Sources familiar with the market stated that Jinguan Copper Branch of Tongling Nonferrous Metals Group Co., Ltd. recently completed the public external sale of its 32 tonnes of crude selenium via bidding, with the transaction closed successfully at around 140 yuan per kilogram.
Jul 24, 2026 10:22SMM News, July 22: According to official information from Jinguan Copper Branch of Tongling Nonferrous Metals Group Co., Ltd., the company will publicly offer 32 tons of crude selenium for external sale starting today, with the reserve price undisclosed. Deadline for quotation submissions: Before 11:30 a.m., July 23, 2026. Buyers are required to complete goods pickup prior to August 8.
Jul 22, 2026 14:48SMM News, July 22: According to official information, a tender for the sale of a batch of crude selenium issued by a northern manufacturer was successfully concluded, with the final transaction price at around 142 yuan per kilogram. Market participants stated that the dibasic selenium market has softened recently, while trading of selenium powder remains steady. End-users may conduct large-scale purchasing and stockpiling in September. As a result, overall selenium prices have entered a cooling-off period. Nevertheless, results from recent crude selenium sales by producers indicate upward price signals for crude selenium at present, and the future price trend remains to be monitored.
Jul 22, 2026 12:16Dear User, Hello! To better assist upstream and downstream enterprises in the industry chain in monitoring market fluctuations and promptly reflecting the spot market prices, thereby reducing transaction risks and costs in the metal market, and continuously improving and deepening the research on the metal industry chain, SMM, after a period of preparation and market research, plans to introduce new price points starting from November 1. These include Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, and Cadmium Ingot 99.99% min India Delivery, among others, for market reference. I. General Principles of SMM Price Methodology Shanghai Metals Market (hereinafter referred to as SMM) is a fully independent third-party service provider and does not participate in any substantive transactions. Instead, it acts as a market observer or organizer, maintaining close communication with buyers and sellers in transactions and providing relevant services to the market. SMM continuously develops, reviews, and revises its methodology through communication with industry professionals, adopting the most common product specifications, trade terms, and conditions in the industry, while giving equal importance to normal transactions that meet standard specifications. SMM reserves the right to exclude any price information deemed unreliable or unrepresentative from its pricing assessments. SMM publishes daily metal spot prices (or price indices, including the Chinese market, markets outside China, and global markets), commonly referred to as SMM prices. SMM has established corresponding methodologies for all published SMM prices (all of which are available for reference on SMM’s official website, www.smm.cn ). These methodologies specify the methods and procedures for generating and publishing SMM prices, which are strictly adhered to. To align with the actual conditions of the spot market, SMM may make necessary revisions to the SMM price methodology, which will be announced on the SMM official website before formal implementation. For any questions or suggestions regarding SMM prices or their methodologies, please contact SMM customer service (contact information can be found on the SMM official website, www.smm.cn ). This document outlines the standards for establishing price points such as Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, and Cadmium Ingot 99.99% min India Delivery. The purpose of this standard is to establish a transparent and verifiable mechanism for SMM price determination. II. Formation of SMM Price Points for Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, Cadmium Ingot 99.99% min India Delivery, etc. 2.1 Definition SMM price points for Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, Cadmium Ingot 99.99% min India Delivery, etc., are formed and published by SMM in accordance with this methodology. They can be used by trading parties as reference for spot trade settlement of these price points. 2.2 New Metal-Related Price Points Added by SMM Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, Cadmium Ingot 99.99% min India Delivery, etc. 2.3 Quotation Generation Method SMM collects data for evaluating price points such as Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, and Cadmium Ingot 99.99% min India Delivery through data collection (i.e., gathering raw data information that meets SMM standards). This includes bid and ask quotes provided by data providers for transactions not concluded on the same day, as well as actual transaction prices for spot trades provided by data providers. 2.4 Data Collection Method SMM price analysts collect data for price points such as Selenium Powder 99.5% min Europe Delivery, Selenium Powder 99.9% min India Delivery, Selenium Powder 99.9% min USA Delivery, Selenium Powder 99.9% min Russia FOB, Cadmium Ingot 99.99% min USA Delivery, Cadmium Ingot 99.99% min Europe Delivery, and Cadmium Ingot 99.99% min India Delivery regularly (between 9:30 AM and 11:15 AM on each trading day) via phone, QQ, WeChat, fax, and email. This data may include prices of concluded transactions on the same day, companies’ expected most likely prices for pending transactions, and offers. 2.5 Product Standards Price Point Name Reference Standard Selenium Powder 99.5% min Europe Delivery Powder below 200 mesh or 1-5 mm particles. Selenium content not less than 99.5%, other elements unspecified. Selenium Powder 99.9% min India Delivery Powder below 200 mesh or 1-5 mm particles. Selenium content not less than 99.9%, other elements unspecified. Selenium Powder 99.9% min USA Delivery Powder below 200 mesh or 1-5 mm particles. Selenium content not less than 99.9%, other elements unspecified. Selenium Powder 99.9% min Russia FOB Powder below 200 mesh or 1-5 mm particles. Selenium content not less than 99.9%, other elements unspecified. Cadmium Ingot 99.99% min USA Delivery Rod or ingot form. Cadmium content 99.99%, other elements unspecified. Cadmium Ingot 99.99% min Europe Delivery Rod or ingot form. Cadmium content 99.99%, other elements unspecified. Cadmium Ingot 99.99% min India Delivery Rod or ingot form. Cadmium content 99.99%, other elements unspecified. 2.6 Pricing Unit and Presentation Price Point Name Unit Selenium Powder 99.5% min Europe Delivery USD/lb Selenium Powder 99.9% min India Delivery INR/kg Selenium Powder 99.9% min USA Delivery USD/lb Selenium Powder 99.9% min Russia FOB USD/lb Cadmium Ingot 99.99% min USA Delivery USD/lb Cadmium Ingot 99.99% min Europe Delivery USD/lb Cadmium Ingot 99.99% min India Delivery INR/kg 2.7 Delivery Method Pick-up from relevant warehouses. 2.8 Payment Method Cash payment or wire transfer. Other terms handled as per常规. 2.9 Update Time Before 11:30 AM on each trading day. III. Methodology Changes All markets evolve, and SMM has a responsibility to ensure that the methodologies for market reporting keep pace with these changes. Therefore, SMM regularly conducts internal reviews of the appropriateness of its methodologies based on industry feedback. For all substantive but non-urgent potential revisions, SMM will follow a formal external consultation process. Major changes will be announced with a notice period of at least 28 days, inviting industry comments, unless special circumstances, particularly force majeure (natural disasters, war, exchange bankruptcy, etc.), necessitate a shorter notice period. SMM is committed to carefully reviewing all comments on proposed methodology changes. However, in some cases, it may be necessary to make changes to the methodology against the wishes of some market participants. Additionally, SMM has a formal methodology consultation process. Shanghai Metals Market Information Technology Co., Ltd. Precious Metals Team November 1, 2025
PriceNov 1, 2025 17:37