Yuntong Technology successfully concluded the tender for approximately 21.6 mt (metal content) of 3N selenium powder [SMM selenium]

SMM August 6 News: According to the official news from Yunnan Copper Science & Technology Development Co., Ltd., approximately 21.6 mt (metal content) of 3N selenium powder was tendered publicly yesterday. Product specifications: 200-mesh selenium powder, 25 kg/barrel, 1,200 kg/pallet (18 pallets can be loaded on a conventional hazardous chemical transport vehicle). The transaction was successfully concluded, with the final transaction price reported to be around 180,000 yuan/mt. Some market participants said that this transaction price was already not low. Considering the recent prices of selenium products such as crude selenium, the selenium market price has clearly stabilized and strengthened. In the short term, it seems that the downward trend in selenium prices may have ended. Market participants said that, in terms of the selenium market trend, it is expected that there is a high possibility of bottoming out and rebounding in the future. There are also signs that crude selenium and selenium dioxide have basically bottomed out, waiting for the end of the traditional off-season in summer. There is a certain possibility of a volatile increase when entering September and October.