Yanggu Xiangguan Launches Inquiry-and-Comparison Sale for 30 MT of Crude Selenium, Bidding Starts at RMB 137.18/kg

SMM assessment shows that China’s refined bismuth estimated output in September 2026 will drop by approximately 3.5% month-on-month compared with August. Market participants believe this decline is within a reasonable range. Overall, market supply remains largely stable. Although end-user demand was generally subdued in September, trading markets hold expectations for October.

SMM News, September 24: SMM has learned that the Northwest Lead-Zinc Smelter of Baiyin Nonferrous Group is launching a public tender for the sale of approximately 230 tonnes of crude cadmium. According to official details, the bidding floor price will be set at SMM average price minus a discount of 1,820 yuan per tonne, with the highest bidder to win the auction. The tender will only proceed if a minimum of three bidders register. Bidding will commence at 15:00 on October 9, 2026. Market participants commented that given the recent strong cadmium prices, this tender warrants close attention. To a certain extent, it can reflect the strength of market demand and serve as a reference for the future direction of cadmium prices.