Dear User:
South Korea's major smelters have substantial total sulphuric acid capacity, with an export footprint covering Asian markets such as India, Thailand, Vietnam, and Indonesia, as well as American markets including Chile. Their annual export volume reaches millions of mt, exerting a significant impact on the regional and even global sulphuric acid supply-demand balance. To accurately reflect South Korea’s sulphuric acid spot market conditions and to help make global sulphuric acid trade pricing more transparent and refined, SMM, based on thorough market surveys and data accumulation, plans to add SMM FOB Korea Sulfuric Acid price point starting from June 26, 2026 (Friday).
The relevant price points are defined as follows:
Price Point Name: SMM FOB Korea Sulfuric Acid
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Quality Standard:Concentration 98% (Industrial Grade)
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Definition:Free on board price of sulfuric acid, main ports of Korea
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Unit:USD/ton
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Minimum trading volume level:Minimum 10000 tons
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Delivery Deadline: Within 10 days
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Release Time:Every Friday working day in Seoul, 12:00 noon
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Payment Terms:TT or other conventional payment methods
General Rules of SMM Pricing Methodology Shanghai Metals Market (hereinafter referred to as SMM) is a completely independent third-party service provider that does not participate in any substantial transactions. Instead, it maintains close communication with the buyers or sellers of transactions as a market observer or organizer and provides relevant services to the market. Through communication with industry insiders, SMM continuously formulates, reviews, and revises its methodology, adopts the most common product specifications, trade terms, and trade conditions in the industry, and equally values normal transactions that meet the specification standards. SMM reserves the right to exclude any price information deemed to be of poor reliability or unrepresentative from its price quotation judgment.
SMM publishes daily metal spot prices (or indices, including those for the Chinese market, markets outside China, and global markets), commonly referred to as SMM Prices. SMM has developed corresponding methodologies for all published SMM Prices (which will be published on SMM's official website https://www.metal.com/ for query), and the methodologies specify the methods and procedures for the generation and publication of SMM Prices, with SMM Prices being generated and published strictly in accordance with the provisions of the methodologies. To align with the actual situation of the Spot Market, SMM will make necessary revisions to the SMM Price Methodology and announce them on SMM's official website prior to formal implementation. If you have any questions or suggestions regarding SMM Prices or their methodologies, please contact SMM customer service staff (please query the contact information on SMM's official website https://www.metal.com/).
June 23, 2026
Shanghai Metals Market Industry Research Team