Published: Jul 16, 2024 11:03
[SMM Bismuth Market Follow-up Report: Daye Nonferrous Metals Group's Tellurium Ingot Bidding Successfully Completed] SMM News on July 16th: According to the official news of Daye Nonferrous Metals Group Co., Ltd., the bidding sale of 3 tons of tellurium ingots under Daye Nonferrous Metals yesterday was successfully completed. The official news showed that the final transaction price of tellurium ingots was 785 yuan/kg, which was 45 yuan/kg higher than the bidding transaction price of 740 yuan/kg of Henan Jinli Jinqian on July 11th. As the bidding quantity of 3 tons was not large, many market participants said that the final bidding result was completely within expectation. However, many market participants also expressed surprise at such a transaction price. The fierce competition for tellurium resources was somewhat unexpected. Related personnel of Daye Nonferrous Metals also said that they did not know why tellurium products were so popular, but it could be seen that the industry chain was optimistic about the future trend of tellurium prices.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
50 mins ago
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
Read More
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]
50 mins ago
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
1 hour ago
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
Read More
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]
[SMM Titanium Spot Express: Titanium Dioxide Market Remains in the Doldrums, Supply Divergence Persists as Prices Creep Upward Slowly] On September 2, the SMM titanium dioxide index stood at 14,080 yuan/mt, with quotes for all grades unchanged. Supply-side cargo divergence was evident in the market, with some enterprises offering discounts to move inventory. Downstream demand remained weak with no concentrated restocking yet, and the effectiveness of price adjustments still needs to be verified. In the short term, prices are expected to consolidate.
1 hour ago
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
1 hour ago
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
Read More
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]
[Cost Support Lifts Magnesium Ingot Quotations; Weak Demand in Domestic and Overseas Markets May Keep Prices Consolidating] Mainstream quotations for magnesium ingot in Fugu stand at 16,050-16,150 yuan/mt, with FOB prices at $2,280-2,380/mt. Domestic producers are actively holding prices firm on cost support, but downstream purchases remain cautious and high-price deals are hard to close. The overseas market is rising passively in tandem with China without any substantial improvement in ex-China demand. Magnesium prices are likely to consolidate within a range in the short term.
1 hour ago
[SMM Bismuth Market Follow-up Report: Daye Nonferrous Metals Group's T - Shanghai Metals Market (SMM)