Baiyin Nonferrous Group Co., Ltd. conducted an open tender for 5 mt of tellurium ingots on the 11th, [SMM reports]

[Tungsten Express] SMM, June 11: The tungsten raw material prices remained sideways today, with divergence appearing across various segments of the industry chain. Spot supply of upstream tungsten concentrates was tight, as suppliers held firm on quotations with strong reluctance to sell, while downstream procurement pace slowed, leading to a significant contraction in mainstream transactions at the mine end and for APT. Tungsten powder enterprises had limited support from orders on hand and were extremely cautious in restocking, mostly producing based on sales. Amid the tug-of-war between longs and shorts across the entire industry chain, the market stagnated. Yesterday, a leading tungsten enterprise in Guangdong locked in the long-term contract price for APT at 780,000 yuan/mt, effectively stabilizing industry expectations. Currently, the trading center of the APT spot market is fluctuating around 800,000 yuan/mt, with some inventory still needing to be cleared. Short-term prices are expected to move sideways.

SMM, June 11 — According to official information obtained by SMM, Baiyin Nonferrous Group Co., Ltd. today launched a public tender for 5 tonnes of tellurium ingots from its inventory. Official sources indicate that this batch of tellurium ingots meets the Te99.95 quality standard. The reserve price for the tender is set at a discount of RMB 30/kg. Storage location: factory warehouse. Transportation costs are to be borne by the buyer. The registration deadline is 17:00 on June 14, 2026, with bidding commencing at 15:00 on June 15, 2026.

[Inventory Under Pressure, Producers Offering Discounts; Weak Demand, Magnesium Market in the Doldrums] Today, the quoted price for 99.90% magnesium ingot in main producing areas was 16,300 yuan/mt, unchanged from yesterday.