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SMM

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SMM Index Prices

Base Metals

Product		Index	Change	Date
SMMI		3,608	+39(1.09%)	Dec 12, 2025
SMMI.Al		1,544.66	+11.21(0.73%)	Dec 12, 2025
SMMI.Cu		5,623.01	+55.87(1.00%)	Dec 12, 2025
SMMI.Ni		1,496.2	-8.23(-0.55%)	Dec 12, 2025
SMMI.Pb		3,603.17	-10.58(-0.29%)	Dec 12, 2025
SMMI.Sn		7,132.97	+214.05(3.09%)	Dec 12, 2025
SMMI.Zn		2,962.5	+73.75(2.55%)	Dec 12, 2025

Precious

Product		Index	Change	Date
SMMI.Ag		4,190.38	+53.18(1.29%)	Dec 12, 2025
SMMI.Au		6,151.52	+53.32(0.87%)	Dec 12, 2025
SMMI.PM		5,391.59	+51.46(0.96%)	Dec 12, 2025
SMMI.Pd		4,152.17	+27.17(0.66%)	Dec 12, 2025
SMMI.Pt		1,503.42	+35.96(2.45%)	Dec 12, 2025

Ferrous Metals

Product	Price Range	Avg.	Change	Date
62% Fe Fines (Qingdao Port): IOPI62-0.62 USD/mt	100.08 ~ 100.08	100.08	+0.07(0.07%)	Dec 12, 2025
SMMI. Coke-A<13，S<0.7，CSR>60，MT<0-National USD/mt	213.3 ~ 213.3	213.3	-6.73(-3.06%)	Dec 12, 2025
Rebar-HRB400/HRB400E-Φ18-22-National USD/mt	393.94 ~ 393.94	393.94	-0.23(-0.06%)	Dec 12, 2025
SMMI.HRC-Q235B-5.75*1500mm-National USD/mt	406.45 ~ 406.45	406.45	-0.99(-0.24%)	Dec 12, 2025

Iron Ore Port Stock Differentials To Qingdao

Product	Price Range	Avg.	Change	Date
Jingtang USD/mt	-1.25 ~ -1.25	-1.25	0(0.07%)	Dec 12, 2025
Beilun USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Nantong USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Dalian USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Tianjin USD/mt	-1.25 ~ -1.25	-1.25	0(0.07%)	Dec 12, 2025
Lanshan USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Lanqiao USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Rizhao USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Caofeidian USD/mt	-1 ~ -1	-1	0(0.07%)	Dec 12, 2025
Jiangyin USD/mt	-2.5 ~ -2.5	-2.5	0(0.07%)	Dec 12, 2025
Shekou USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Lianyungang USD/mt	-0.63 ~ -0.63	-0.63	0(0.07%)	Dec 12, 2025
Fangcheng USD/mt	-3.13 ~ -3.13	-3.13	0(0.07%)	Dec 12, 2025
Qingdao USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Majishan USD/mt	0 ~ 0	0	0(0.00%)	Dec 12, 2025
Bayuquan USD/mt	-5.63 ~ -5.63	-5.63	0(0.07%)	Dec 12, 2025
Huanghua USD/mt	0 ~ 0	0	0(0.00%)	Oct 08, 2024

Iron Ore Port Stock Normalization Differentials

Product	Price Range	Avg.	Change	Date
1% Fe differential (low grade) USD/mt	2.13 ~ 2.13	2.13	0(0.07%)	Dec 12, 2025
1% Silica differential (low grade) USD/mt	0.75 ~ 0.75	0.75	0(0.07%)	Dec 12, 2025
High Fe Grade 0.09%P0.115% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
High Fe Grade 0.115%P0.15% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
High Fe Grade Al 2.25-4% USD/mt	10.01 ~ 10.01	10.01	+0.01(0.07%)	Dec 12, 2025
High Fe Grade Al 2.25% USD/mt	2.25 ~ 2.25	2.25	0(0.07%)	Dec 12, 2025
High Fe Grade Si 4-6.5% USD/mt	5 ~ 5	5	0(0.07%)	Dec 12, 2025
High Fe Grade Si 6.5-9% USD/mt	0.7 ~ 0.7	0.7	-0.01(-1.63%)	Nov 05, 2025
High Fe Grade Si 4% USD/mt	1.5 ~ 1.5	1.5	0(0.07%)	Dec 12, 2025
High Grade Fe 60-63% USD/mt	1.13 ~ 1.13	1.13	0(0.07%)	Dec 12, 2025
High Grade Fe 63-64% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
High Grade Fe 64-65% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
High Grade Fe 65-65.5% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
Low Fe Grade 0.09P0.1% USD/mt	0.63 ~ 0.63	0.63	0(0.07%)	Dec 12, 2025
Low Fe Grade Al 2.25-4% USD/mt	3.5 ~ 3.5	3.5	0(0.07%)	Dec 12, 2025
Low Fe Grade Al 2.25% USD/mt	2.5 ~ 2.5	2.5	0(0.07%)	Dec 12, 2025

Iron Ore Seaborne Normalization Differentials

Product	Price Range	Avg.	Change	Date
High Fe Grade 0.09%P0.115% USD/dmt	0.75 ~ 0.75	0.75	0(0.00%)	Dec 12, 2025
High Fe Grade 0.115%P0.15% USD/dmt	1.25 ~ 1.25	1.25	0(0.00%)	Dec 12, 2025
High Fe Grade Al 2.25-4% USD/dmt	5.5 ~ 5.5	5.5	0(0.00%)	Dec 12, 2025
High Fe Grade Al 2.25% USD/dmt	5.5 ~ 5.5	5.5	+0.25(4.76%)	Dec 12, 2025
High Fe Grade Si 4-6.5% USD/dmt	3.25 ~ 3.25	3.25	+0.5(18.18%)	Dec 12, 2025
High Fe Grade Si 4% USD/dmt	2.5 ~ 2.5	2.5	0(0.00%)	Dec 12, 2025
High Grade Fe 60-63% USD/dmt	3 ~ 3	3	0(0.00%)	Dec 12, 2025
High Grade Fe 63-64% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 12, 2025
High Grade Fe 64-65% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 12, 2025
High Grade Fe 65-65.5% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 12, 2025

MMi Port Stock Index

Product	Price Range	Avg.	Change	Date
62.5% Fe Lump (Qingdao Port): IOPLI62 USD/mt	108.21 ~ 108.21	108.21	+0.22(0.20%)	Dec 12, 2025
62.5% Fe Lump (Qingdao Port, CFR equiv) USD/dmt	109.1 ~ 109.1	109.1	+0.06(0.06%)	Dec 12, 2025
58% Fe Fines (Qingdao Port): IOPI58 USD/mt	87.95 ~ 87.95	87.95	+0.31(0.35%)	Dec 12, 2025
58% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	92.93 ~ 92.93	92.93	+0.34(0.37%)	Dec 12, 2025
62% Fe Fines (Qingdao Port): IOPI62 USD/mt	100.08 ~ 100.08	100.08	+0.07(0.07%)	Dec 12, 2025
62% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	105.13 ~ 105.13	105.13	+0.07(0.07%)	Dec 12, 2025
65% Fe Fines (Qingdao Port): IOPI65 USD/mt	113.97 ~ 113.97	113.97	+0.08(0.07%)	Dec 12, 2025
65% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	120.24 ~ 120.24	120.24	+0.08(0.07%)	Dec 12, 2025

MMi Seaborne Index

Product	Price Range	Avg.	Change	Date
58% Fe Fines (CFR Qingdao Port): IOSI58 USD/dmt	~		-	Invalid Date
62% Fe Fines (CFR Qingdao Port): IOSI62 USD/dmt	105.11 ~ 105.11	105.11	-0.2(-0.19%)	Dec 12, 2025
65% Fe Fines (CFR Qingdao Port): IOSI65 USD/dmt	119.13 ~ 119.13	119.13	-1.08(-0.90%)	Dec 12, 2025

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