A Northern Factory's Crude Selenium Competitive Bidding Sale Was Unsuccessful [SMM Selenium Report]

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.