Selenium prices remain stable with a slight decline [SMM Selenium Market Analysis]

Published: May 16, 2025 16:02

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SMM May 16 News: After a period of stable consolidation in the domestic selenium product market prices, entering the first half of May, the demand from the terminal sector continued to show a weak off-season trend. Additionally, many manufacturers began to tender for crude selenium, causing the overall selenium prices to weaken slightly. However, as the current selenium prices are at a historical low over the past three years, the overall cost of selenium restricts many manufacturers from further reducing their selling prices, especially for selenium powder and selenium ingots. Nevertheless, due to the recent increase in tenders for selenium products such as crude selenium in the market, the prices of crude selenium and selenium dioxide have still weakened. According to official news from Daye Nonferrous Metals Group Holding Co., Ltd., 15 mt (metal content) of crude selenium, which was recently put up for public sale, has been successfully traded. SMM learned that the official starting price was 140,000 yuan/mt (metal content), and market rumors suggest that the difference between the starting price and the final transaction price was relatively small. According to official news from Guangxi Nanko Copper Co., Ltd., bidding sales for 4,000 kg of selenium ingots (99.99%) under its banner began today. The specifications and model are as follows: Cu: ≤0.0003; Hg: ≤0.0003; As: ≤0.0005; Sb: ≤0.0005; Te: ≤0.0010; Fe: ≤0.0010; Pb: ≤0.0005; Ni: ≤0.0005; Bi: ≤0.0005; Mg: ≤0.0008; Al: ≤0.0008; Si: ≤0.0009; B: ≤0.0005; S: ≤0.004; Sn: ≤0.0005; total impurity content: ≤0.01, packaged in wooden boxes. The official starting price was not disclosed. The deadline for this quotation is 10:50 on May 16, 2025. Currently, market participants are closely monitoring the ongoing and future tender situations. At present, the average price of SMM crude selenium is 142.5 yuan/kg, the average price of selenium dioxide is 117.5 yuan/kg, the average price of 99.9% selenium powder is 195 yuan/kg, and the average price of 99.99% selenium powder is 280 yuan/kg.

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.

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