SMM News August 27: According to official information from Yunnan Copper Technology Development Co., Ltd., the recent public sale of 30 metric tons of crude selenium (in metal content) was successfully concluded yesterday. SMM has learned that this batch of crude selenium consists of 99% selenium ingots. While the final buyer was not disclosed by the company, it was described as a manufacturing enterprise. The final transaction price was reported to be approximately 135,000 CNY per metric ton. This price is notably high, though such an auction outcome was within market expectations.
Following the news, market suppliers of crude selenium have shown stronger reluctance to sell, leading to a wait-and-see attitude in both the selenium dioxide and refined selenium markets. Many market participants have raised their offers, with insiders noting that as the price of crude selenium raw materials continues to rise, the production cost of selenium dioxide has remained high, making low-price sales unlikely. Market players firmly believe that the consistently strong auction prices for crude selenium in recent times reflect growing activity in the selenium market, boosting industry confidence in future price trends.
Yunnan Copper Technology Development Co., Ltd. also announced that, due to limited crude selenium inventory, it plans to begin selling 3N selenium powder starting next month.
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