Yuntong Technology Successfully Bid 30 mt of Crude Selenium Yesterday [SMM Selenium]

SMM August 27 News: According to the official announcement of Yunnan Copper Science & Technology Development Co., Ltd., the recent public sale of 30 mt of crude selenium with metal content was successfully transacted yesterday. SMM's understanding indicates that this batch of crude selenium was 99% selenium ingots, and the final buyer, an industrial company, was not disclosed by the officials. The transaction price was around 135,000 yuan/mt. This transaction price is indeed high, but such a tender result was within market expectations. Upon the release of this news, current market suppliers of crude selenium are more reluctant to sell, and the markets for selenium dioxide and refined selenium have also entered a wait-and-see state. Many traders in the market have raised their quotes, and insiders still believe that as the price of crude selenium raw material continues to rise, the cost of selenium dioxide has already become very high, making it impossible to sell at low prices. Market insiders firmly believe that the recent firm auction prices of crude selenium prove the increasing activity in the selenium market transactions, and the overall confidence in the future trend of selenium prices among industry practitioners is also growing. Yunnan Copper Science & Technology Development Co., Ltd. officially announced that due to limited crude selenium inventory, they will start selling 3N selenium powder from next month.