[ADC12 Price Daily Review: Tug-of-war between longs and shorts, futures pressure evident, ADC12 consolidates on a subdued note amid cost support] Today, ADC12 market offers consolidated on a subdued note, and SMM ADC12 dropped 100 yuan/mt.

As of now, the FOB price of Indonesian MHP nickel is $15,418/mt Ni, and the FOB price of Indonesian MHP cobalt is $49,331/mt Co. The MHP payables (against SMM battery-grade nickel sulphate index) are 85-86, and the MHP cobalt payables (against SMM refined cobalt (Rotterdam warehouse)) is 92. The FOB price of Indonesian high-grade nickel matte is $15,802/mt Ni.

Platinum consolidated today. On the geopolitical front, over the weekend, Trump announced that at the request of Iran and several other countries, he agreed to cancel the military strike, and all parties reached a preliminary framework agreement on opening the Strait of Hormuz and eliminating the Iranian nuclear threat. However, Iran quickly denied having requested a ceasefire and stressed that its forces remain on the highest state of alert. In early trading, the most-traded platinum contract PT2610 on GFEX settled at 403.45 yuan/g, up 0.52%. The inverted price spread between the SGE platinum 9995 best ask price and the GFEX PT2610 contract widened to around 8 yuan/g. In the spot market, mainstream quotations for platinum were at a discount of 3 to 2 yuan/g against the PT2610 contract. As delivery approached and the monthly spread opportunity was favorable, most suppliers had limited willingness to sell and kept their quotes firm. Downstream enterprises had sufficient inventory, limiting procurement demand and leading to weak consumption. Overall, trading in the platinum spot market was somewhat sluggish today.

[Oxide Price Recovery Drives Up Metals, Magnetic Material Maintenance Weighs on Demand, Strong Wait-and-See Sentiment in Scrap] Last week, as oxide prices recovered, metal suppliers slightly raised their quotations, but market inquiries remained limited. Downstream magnetic material enterprises showed limited acceptance of high-priced metals, creating a sluggish trading atmosphere with actual transactions in the doldrums. In the medium-heavy rare earth market, inquiries remained scarce, and prices for terbium metal and dysprosium-iron alloy showed no significant fluctuations, maintaining overall stability.

SMM August 3 News: According to SMM, Shandong Humon Smelting Co., Ltd. started an open tender today for the sale of its high-purity selenium head and tail materials. This batch amounts to 1,000 kg. According to official information, the packaging is iron drums, delivery is EXW (buyer picks up goods), freight is borne by the buyer, and the goods must be transported by qualified hazardous chemical vehicles in accordance with national regulations. The buyer must pick up the goods before August 20, 2026, at the delivery location of Shandong Humon Smelting Co., Ltd. Sales contact: Wang Peng, Tel: 17616212861. Currently, the official has not announced a starting bid price for the tender, but stated that the highest bidder wins. Buyers should submit their quotations based on their own circumstances. If a buyer's bid does not reach the seller's reserve price, the seller has the right to refuse the sale. To ensure timely quotation, the inquiry form, copies of the participating bidder's business license, invoicing information (stamped with the company seal), and hazardous chemical business license must be returned to 17616212861@163.com before 11:30 a.m. on August 4, 2026, and promptly contact Humon personnel to collect them. Market participants noted that as selenium market prices have been relatively stable recently, the quantity offered by Shandong Humon in this tender can test market consumption to some extent. Moreover, the relatively small volume makes a deal likely. The final bid price could reflect certain market conditions and provide some guidance to the market. SMM will continue to follow up and report on the tender progress.

SMM, August 3 – According to SMM, Shandong Humon Smelting Co., Ltd. started a public tender today for its high-purity tellurium head and tail materials. Specifically, according to official information, the quantity is 3 mt, with a tellurium content of 99.99%. Other elements are subject to the supplier’s assay results; see the attachment for details. Packaging is in iron drums. The buyer shall pick up the goods on an EXW basis, and the freight shall be borne by the buyer. The buyer must pick up the goods before August 20, 2026. The delivery location is Shandong Humon Smelting Co., Ltd. (No. 11 Jinzheng Street, Shuidao Town, Muping District, Yantai City, Shandong Province). Sales contact: Wang Peng, Tel: 17616212861 The company did not announce a starting bid price; instead, the contract will be awarded to the highest bidder. Buyers shall submit their bids based on their own circumstances. If a buyer’s bid does not reach the seller’s reserve price, the seller has the right to refuse the sale, and all interpretation rights are reserved by the seller. To ensure the timeliness of quotations, the inquiry form, a copy of the bidding party’s business license, and invoicing information (with official seal) should be sent back to 17616212861@163.com before 11:30 a.m. on August 4, 2026, and promptly contact Humon personnel for collection.