For the Quarter Ending September 2025
North America
• In United States, the Selenium Price Index rose quarter-over-quarter in Q3 2025, due to rising costs and strong electronics demand.
• Selenium production costs increased in Q3 2025, influenced by higher natural gas and industrial electricity prices.
• Demand outlook for Selenium is positive, supported by rapid U.S. electronics production growth in August 2025.
• The Selenium Price Index is expected to remain firm, influenced by persistent cost pressures and sustained industrial demand.
• Inflationary pressures were evident with U.S. CPI up 3.0% in September 2025 and PPI up 2.6% in August 2025.
• Industrial production showed a marginal 0.1% year-over-year increase in September 2025, indicating slow manufacturing growth.
• Retail sales increased 5.42% in September 2025, and low unemployment at 4.3% supported consumer spending.
• Consumer confidence declined to 94.2 in September 2025, potentially impacting discretionary spending on end products.
Why did the price of Selenium change in September 2025 in North America?
• Rising production costs were driven by an uptick in U.S. natural gas prices during Q3 2025.
• Industrial electricity costs increased in August 2025, contributing to higher overall manufacturing expenses.
• Strong demand from the electronics sector, with rapid production growth in August 2025, supported Selenium prices.
APAC
• In China, the Selenium Price Index fell quarter-over-quarter in Q3 2025, driven by weak industrial demand.
• Selenium production costs were influenced by reduced refined copper output in July and September 2025.
• Industrial production expanded 6.5% year-on-year in September 2025, providing some demand support.
• Consumer confidence at 89.6 in September 2025 indicated pessimism, impacting consumer-facing applications.
• The Manufacturing Index was contracting in September 2025, signaling reduced new orders.
• New Energy Vehicle production surged from January to August 2025, boosting selenium demand in electronics.
• Intelligent Equipment Manufacturing rose in Q1-Q3 2025, supporting selenium demand in high-tech sectors.
• Deflationary pressures, with CPI at -0.3% and PPI at -2.3% in September 2025, weighed on market.
• Property investment continued to weigh in Q3 2025, negatively affecting construction-related selenium demand.
Why did the price of Selenium change in September 2025 in APAC?
• Weak industrial demand, evidenced by a -2.3% PPI in September 2025, pressured selenium prices downward.
• The Manufacturing Index contracting in September 2025 indicated reduced new orders for industrial materials.
• Reduced refined copper output in July and September 2025 tightened selenium supply, offering some price support.
Europe
• In Germany, the Selenium Price Index fell quarter-over-quarter in Q3 2025, influenced by contracting industrial activity.
• Selenium production costs faced upward pressure from high raw material and energy costs in Q3 2025.
• Demand for Selenium strengthened in electronics and glass manufacturing sectors during Q3 2025.
• The Manufacturing Index was contracting in Q3 2025, indicating reduced demand for industrial raw materials.
• Industrial production declined 1.0% in September 2025, contributing to decreased overall Selenium consumption.
• Global copper supply tightened in Q3 2025 due to mine disruptions, potentially impacting Selenium availability.
• German chemical production, excluding pharmaceuticals, declined in Q3 2025, affecting overall Selenium supply.
• Retail sales rose modestly by 0.2% in September 2025, offering slight indirect support for Selenium demand.
• Producer prices fell 1.7% in September 2025, potentially easing cost pressures for end-product manufacturers.
• The Selenium price forecast suggests continued pressure from weak industrial output and fluctuating demand.
Why did the price of Selenium change in September 2025 in Europe?
• Industrial production declined 1.0% in September 2025, reducing overall Selenium demand.
• High raw material and energy costs in Q3 2025 pressured Selenium production.
• Contracting Manufacturing Index in Q3 2025 signaled weaker industrial activity, impacting demand.