The tender fever for selenium heats up, with market confidence driving selenium prices higher [SMM Selenium Market Weekly Review]

SMM reported on July 4: This week, there are still many selenium manufacturers conducting tenders to sell selenium products. According to official news from Baiyin Nonferrous Group Co., Ltd., the company plans to sell 33 mt of crude selenium in July 2025. The pricing will be based on the average price of crude selenium on SMM for five consecutive working days from the date of successful auction, plus premiums and discounts. Currently, the bidding for the premium and discount price is underway. The base price for the discount is 2,000 yuan/mt. This project requires at least three participants to register before the auction can proceed normally. The bidding deadline is 10:00:00 on July 9, 2025. Additionally, SMM has learned that Shandong Humon Smelting Co., Ltd. has launched a public tender for the sale of a batch of 5N high-purity selenium starting today. The 5N high-purity selenium has a selenium content of 99.999% (chemical composition meets the requirements of Se99.999 in YS/T 816-2012) and is packaged in iron drums, with 30 kg per drum. The 5N high-purity selenium has a selenium content of 99.999% (chemical composition meets the requirements of Se99.999 in YS/T 816-2012) and is packaged in iron drums, with 30 kg per drum. According to official news, the quantity of this batch of 5N high-purity selenium is 5,000 kg (the specific weight is subject to actual weighing). The delivery method is self pick-up by the buyer, and the freight is borne by the buyer. The transportation must comply with national regulations and use qualified hazardous chemical vehicles. The buyer needs to pick up the goods before July 24. The delivery location is Shandong Humon Smelting Co., Ltd. Currently, the official starting price for the tender has not been announced. Instead, it is stated that the highest bidder will win, and buyers should fill in their quotes based on their own situations. If the buyer's quote does not reach the seller's base price, the seller has the right to refuse the sale. Market participants said that due to the recent gradual stabilization of selenium market prices and the upward trend in selenium raw material prices, although trading activity is generally moderate, the tender volume of this batch of selenium products released by Shandong Humon can test market consumption to a certain extent. Moreover, the quantity is relatively small, so the possibility of a deal is high. The final bidding price can reflect some market situations and provide guidance to the market.

Currently, we have entered a new H2. With the arrival of Q3 and the continuous promotion of the recent tender wave by selenium manufacturers, some winning bid prices have indeed shown remarkable performance. Currently, buyers and sellers in the market are also showing increasing confidence and are eager to participate. From the recent market prices, selenium product prices have a further strengthening trend. From the perspective of transaction situations, on the one hand, it shows the industry chain's optimism about the medium and long-term market. On the other hand, many market participants said that the current selenium price is at a historical low, and the risk of continuing to buy at a low price is already small. This is why there has been frequent buying consumption in recent selenium product tenders. Currently, the average price of SMM crude selenium is 115 yuan/kg, and the average price of selenium dioxide is 97.5 yuan/kg. Both have increased by 5 yuan/kg compared to last week. 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.