Baiyin Nonferrous to Sell 33 Tons of Crude Selenium via Bidding, Floor Premium at RMB 5,000/ton

This week, the tungsten market showed a divergent trend with mild corrections in domestic prices and a contrarian rise in overseas APT prices. Domestic tungsten concentrate and midstream product prices remained relatively firm, while scrap tungsten prices dropped sharply as profit-taking emerged. Supported by a tight supply-demand balance, overseas markets strengthened, further widening the price gap between domestic and international markets.

SMM March 27 News: According to SMM, Baiyin Nonferrous Group's Northwest Lead-Zinc Smelter has launched an open bidding sale for approximately 100 tons of crude cadmium. According to official sources, the bidding floor price is set at a discount of RMB 1,000/ton against the SMM average price, with the highest bidder winning the auction. The bidding will proceed only if at least three companies register. The registration deadline is 5:00 PM on March 30, 2026, and the bidding will begin at 10:00 AM on March 31, 2026. Market participants noted that as cadmium prices have shown an upward trend recently, this bidding event is worth close attention. To some extent, it will reflect the strength of market demand and serve as a reference for whether cadmium prices can steadily rise.