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SMM

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SMM Index Prices

Base Metals

Product		Index	Change	Date
SMMI		3,547	+11(0.31%)	Dec 05, 2025
SMMI.Al		1,547.46	+4.9(0.32%)	Dec 05, 2025
SMMI.Cu		5,502.25	+20.43(0.37%)	Dec 05, 2025
SMMI.Ni		1,519.62	-4.43(-0.29%)	Dec 05, 2025
SMMI.Pb		3,634.92	+15.87(0.44%)	Dec 05, 2025
SMMI.Sn		6,806.49	-60.54(-0.88%)	Dec 05, 2025
SMMI.Zn		2,891.25	+17.5(0.61%)	Dec 05, 2025

Precious

Product		Index	Change	Date
SMMI.Ag		3,794.06	-77.23(-1.99%)	Dec 05, 2025
SMMI.Au		6,083.69	+13.49(0.22%)	Dec 05, 2025
SMMI.PM		5,258.29	-6.65(-0.13%)	Dec 05, 2025
SMMI.Pd		4,043.48	0(0.00%)	Dec 05, 2025
SMMI.Pt		1,455.48	-10.27(-0.70%)	Dec 05, 2025

Ferrous Metals

Product	Price Range	Avg.	Change	Date
62% Fe Fines (Qingdao Port): IOPI62-0.62 USD/mt	102.15 ~ 102.15	102.15	-0.53(-0.51%)	Dec 04, 2025
SMMI. Coke-A<13，S<0.7，CSR>60，MT<0-National USD/mt	219.73 ~ 219.73	219.73	-0.07(-0.03%)	Dec 05, 2025
Rebar-HRB400/HRB400E-Φ18-22-National USD/mt	398.75 ~ 398.75	398.75	-0.24(-0.06%)	Dec 04, 2025
SMMI.HRC-Q235B-5.75*1500mm-National USD/mt	413.14 ~ 413.14	413.14	-0.46(-0.11%)	Dec 05, 2025

Iron Ore Port Stock Differentials To Qingdao

Product	Price Range	Avg.	Change	Date
Jingtang USD/mt	-1.62 ~ -1.62	-1.62	0(-0.03%)	Dec 04, 2025
Beilun USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Nantong USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Dalian USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Tianjin USD/mt	-1.25 ~ -1.25	-1.25	0(-0.03%)	Dec 04, 2025
Lanshan USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Lanqiao USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Rizhao USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Caofeidian USD/mt	-0.62 ~ -0.62	-0.62	0(-0.03%)	Dec 04, 2025
Jiangyin USD/mt	-2.5 ~ -2.5	-2.5	0(-0.03%)	Dec 04, 2025
Shekou USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Lianyungang USD/mt	-0.62 ~ -0.62	-0.62	0(-0.03%)	Dec 04, 2025
Fangcheng USD/mt	-3.12 ~ -3.12	-3.12	0(-0.03%)	Dec 04, 2025
Qingdao USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Majishan USD/mt	0 ~ 0	0	0(0.00%)	Dec 04, 2025
Bayuquan USD/mt	-5.62 ~ -5.62	-5.62	0(-0.03%)	Dec 04, 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	1.75 ~ 1.75	1.75	-0.38(-17.67%)	Dec 04, 2025
1% Silica differential (low grade) USD/mt	0.75 ~ 0.75	0.75	0(-0.03%)	Dec 04, 2025
High Fe Grade 0.09%P0.115% USD/mt	0.62 ~ 0.62	0.62	0(-0.03%)	Dec 04, 2025
High Fe Grade 0.115%P0.15% USD/mt	0.62 ~ 0.62	0.62	0(-0.03%)	Dec 04, 2025
High Fe Grade Al 2.25-4% USD/mt	9.99 ~ 9.99	9.99	0(-0.03%)	Dec 04, 2025
High Fe Grade Al 2.25% USD/mt	3.12 ~ 3.12	3.12	-0.88(-21.90%)	Dec 04, 2025
High Fe Grade Si 4-6.5% USD/mt	5 ~ 5	5	0(-0.03%)	Dec 04, 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	3.75 ~ 3.75	3.75	-1(-21.07%)	Dec 04, 2025
High Grade Fe 60-63% USD/mt	1.12 ~ 1.12	1.12	0(-0.03%)	Dec 04, 2025
High Grade Fe 63-64% USD/mt	1.75 ~ 1.75	1.75	-0.75(-30.02%)	Dec 04, 2025
High Grade Fe 64-65% USD/mt	1.75 ~ 1.75	1.75	-0.75(-30.02%)	Dec 04, 2025
High Grade Fe 65-65.5% USD/mt	1.75 ~ 1.75	1.75	-0.75(-30.02%)	Dec 04, 2025
Low Fe Grade 0.09P0.1% USD/mt	0.62 ~ 0.62	0.62	0(-0.03%)	Dec 04, 2025
Low Fe Grade Al 2.25-4% USD/mt	3.5 ~ 3.5	3.5	0(-0.03%)	Dec 04, 2025
Low Fe Grade Al 2.25% USD/mt	2.5 ~ 2.5	2.5	0(-0.03%)	Dec 04, 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 04, 2025
High Fe Grade 0.115%P0.15% USD/dmt	1.25 ~ 1.25	1.25	0(0.00%)	Dec 04, 2025
High Fe Grade Al 2.25-4% USD/dmt	5.25 ~ 5.25	5.25	0(0.00%)	Dec 04, 2025
High Fe Grade Al 2.25% USD/dmt	5 ~ 5	5	+0.25(5.26%)	Dec 04, 2025
High Fe Grade Si 4-6.5% USD/dmt	2.25 ~ 2.25	2.25	0(0.00%)	Dec 04, 2025
High Fe Grade Si 4% USD/dmt	2 ~ 2	2	0(0.00%)	Dec 04, 2025
High Grade Fe 60-63% USD/dmt	3 ~ 3	3	0(0.00%)	Dec 04, 2025
High Grade Fe 63-64% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 04, 2025
High Grade Fe 64-65% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 04, 2025
High Grade Fe 65-65.5% USD/dmt	2.75 ~ 2.75	2.75	0(0.00%)	Dec 04, 2025

MMi Port Stock Index

Product	Price Range	Avg.	Change	Date
62.5% Fe Lump (Qingdao Port): IOPLI62 USD/mt	109.29 ~ 109.29	109.29	+0.11(0.10%)	Nov 28, 2025
62.5% Fe Lump (Qingdao Port, CFR equiv) USD/dmt	110.55 ~ 110.55	110.55	-0.28(-0.25%)	Nov 28, 2025
58% Fe Fines (Qingdao Port): IOPI58 USD/mt	90.04 ~ 90.04	90.04	-1.02(-1.13%)	Dec 04, 2025
58% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	95.31 ~ 95.31	95.31	-1.04(-1.08%)	Dec 04, 2025
62% Fe Fines (Qingdao Port): IOPI62 USD/mt	102.15 ~ 102.15	102.15	-0.53(-0.51%)	Dec 04, 2025
62% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	107.47 ~ 107.47	107.47	-0.48(-0.44%)	Dec 04, 2025
65% Fe Fines (Qingdao Port): IOPI65 USD/mt	116.14 ~ 116.14	116.14	-0.53(-0.46%)	Dec 04, 2025
65% Fe Fines (Qingdao Port, CFR Equiv.) USD/dmt	122.66 ~ 122.66	122.66	-0.51(-0.41%)	Dec 04, 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	108 ~ 108	108	0(0.00%)	Dec 04, 2025
65% Fe Fines (CFR Qingdao Port): IOSI65 USD/dmt	123.95 ~ 123.95	123.95	+0.25(0.20%)	Dec 04, 2025

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