At the 2025 SMM (2nd) Southeast Asia Automotive Supply Chain Conference hosted by SMM, Yao Xinying, the Director of Industry Research for SMM's Steel Category, announced the SMM Thailand Metal Prices and SMM Thailand Steel Prices, helping enterprises identify fair prices and reduce transaction costs.
Founded in 1999, SMM is an independent price reporting agency.
SMM's Global Presence
As of now, SMM has established a presence in multiple countries, including China, the UK, the US, and Australia. In China, SMM is headquartered in Shanghai, with additional offices in Beijing, Hangzhou, Shenzhen, Chengdu, Foshan, Yantai, and Singapore.
SMM Benchmark Prices Serve the Development of the Manufacturing Industry
SMM has over 3.6 million global registered users, with over 40,000 new registrations daily and daily page views exceeding 600,000.
Why Launch SMM Thailand Metal Prices?
The Thai manufacturing industry still faces numerous obstacles in price referencing and settlement.
1. Lack of Authoritative Price Benchmarks
Thailand lacks an independent third-party price reporting platform, resulting in a lack of unified and credible price references for metal transactions. This makes it difficult for buyers and sellers to reach fair pricing agreements, exacerbating market price confusion.
2. Low Price Transparency
Due to the absence of professional price information disclosure channels, metal transaction price data is scattered and not publicly available. Market participants cannot obtain timely and accurate market information, increasing the difficulty of price discovery and the risk of transaction decisions.
3. Inadequate Settlement System
The lack of a standardized price reference system makes metal transaction settlements lack reliable basis, easily leading to contract disputes and settlement controversies. This reduces capital turnover efficiency and hinders the large-scale development of the market.
4. Susceptibility to Market Manipulation, Increasing Transaction Costs
Without third-party institutions providing price monitoring, the market is vulnerable to interference from a small number of traders or speculative activities. Meanwhile, the mutual trust issues caused by one-sided bargaining, including mutual trust obstacles between internal procurement and finance/management within enterprises, will all increase transaction costs.
SMM maintains close ties with the upstream and downstream of Thailand's metal industry chain, launching SMM Thailand Metal Prices to facilitate market transactions.
First Batch of SMM Thailand Metal Prices Launched - Thailand Steel Prices
First Batch of SMM Thailand Metal Prices Launched - Thailand Steel Prices
Check Thailand's metal prices and historical trends on the day of inquiry to provide decision-making references and settlement bases for enterprise transactions.
SMM offers enterprises five channels to inquire about daily metal prices, news, data, consultations, and exhibition events.
1. SMM Chinese Website: https://steel.smm.cn/steel/115
provides enterprises with comprehensive price, information, database, consulting, and conference/event guidance on the PC end.
2. SMM English Website: https://www.metal.com/Finished-Steel
offers enterprises comprehensive English-language price, information, and conference/event guidance on the PC end.
3. SMM Chinese APP - SMM APP: https://event.smm.cn/app
provides enterprises with comprehensive Chinese-language price, information, and conference/event guidance on mobile devices.
4. SMM Thai Website: https://www.metal.com/th/home
offers enterprises comprehensive Thai-language price, information, and conference/event guidance on the PC end.
5. SMM English APP Shanghai Metals Market
https://apps.apple.com/cn/app/smm-shanghai-metals-market/id1247850478
SMM collaborates with enterprises to establish a fair metal price discovery mechanism in Thailand, reducing transaction costs.
