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

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 March 20 News: According to comprehensive information from multiple market sources, Yuntong Technology recently held a tender for its selenium powder with 99.5% purity. Reports indicate that the tender was successfully concluded. Based on various market sources, the specific transaction price is currently around 245 yuan/kg. Many market insiders suggest that this result indeed reflects strong trading sentiment in the selenium powder market, and the price trend is expected to remain relatively strong in the near term.