SMM June 20 News: After a period of weak but stable market prices for domestic selenium products, as June arrived, marking the mid-year point, the off-season effect began to weaken selenium prices. Additionally, recent tenders by numerous selenium producers to sell their products have increased market supply pressure. Many producers increased their shipments ahead of the mid-year, putting downward pressure on selenium prices. For instance, according to unverified market news, Daye Nonferrous Metals recently publicly sold 25 mt (metal content) of crude selenium with a product quality of approximately 91% content. It was ultimately sold at a price higher than 105,000 yuan/mt (metal content), with the successful bidder being a company in the southwest that purchased the entire lot. According to official news from Jinchuan Group Tonggui Co., Ltd., the company publicly sold approximately 28-36 mt (metal content) of crude selenium produced in June 2025, with all lots ultimately sold. However, the company has not yet disclosed specific transaction details. Additionally, according to official news from Yunnan Copper Science & Technology Development Co., Ltd., the company recently publicly sold approximately 30 mt (metal content) of selenium ingots, with a metal content grade of selenium ≥99% (based on the factory test results of Yunnan Copper Science & Technology, which only guarantees the main element, selenium). Currently, the average price of SMM crude selenium is 107.5 yuan/kg, the average price of selenium dioxide is 97.5 yuan/kg, the average price of 99.9% selenium powder is 180 yuan/kg, and the average price of 99.99% selenium powder is 265 yuan/kg.
Many market participants have stated that, from the perspective of selenium's downstream industries, such as the healthy operating conditions of manganese plants this year, this will provide some support for future selenium prices. However, in the coming period, it is possible that producers such as Jinlong Copper and Jiangxi Copper Corporation may also gradually release their shipments, and supply pressure will persist.
