Dear Users,
Greetings!
To further refine price definitions and better reflect real‑world trade practices, SMM will update the names and definitions for three Indonesia NPI price points.
Affected Price Codes and Name Revisions：
SMM‑NI‑NPI‑002
Former Name: Indonesia NPI 10‑12% DDP China
Revised Name: Indonesia NPI 10‑12% Delivered to Chinese Ports
SMM‑NI‑NPI‑004
Former Name: Indonesia NPI 12‑14% DDP China
Revised Name: Indonesia NPI 12‑14% Delivered to Chinese Ports
SMM‑NI‑NPI‑005
Former Name: Indonesia NPI 14% min DDP China
Revised Name: Indonesia NPI 14% min Delivered to Chinese Ports
Adjustment to Price Details Field ：
The definition is uniformly revised to Delivered to Chinese Ports.
This change only optimizes price‑point names and definitions displayed on the SMM English‑language website. The assessment methodology, price coverage, assessment cycle and publication frequency of the above price points remain unchanged. Historically published price data will not be affected.
Should you have any questions, please feel free to reach out to:
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Feng Disheng, Senior Research Manager, Nickel Research Department, SMM Tel: 021‑51666714 | Email: fengdisheng@smm.cn
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Zhou Zongxin (Bruce Chew), Senior Analyst, Overseas Nickel & Stainless Steel, SMM Tel: +601167087088 | Email: bruce.chew@smm.cn
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Zhang Tongxu (Liya Zhang), Senior Analyst, NPI & FeNi, Nickel Research Department, SMM Tel: 021‑20707929 | Email: zhangtongxu@smm.cn
Thank you for your attention and support to SMM!
SMM Nickel Research Team August 5, 2026