Effective March 17, 2026, SMM will officially launch the following two new price points: "SMM Battery-Grade Lithium Carbonate (CIF South Korea)" and "SMM Battery-Grade Lithium Hydroxide (CIF South Kor

SMM will launch two new price points for Indonesia 316L stainless steel, "Indonesia 316L/NO.1 Coil Mill Edge" and "Indonesia 316L/2B Coil Mill Edge," effective March 13, 2026.

Dear User, Greetings! The PV industry is currently accelerating its transition to N-type technology, with TOPCon modules emerging as a core product in major global markets due to their superior power density. Meanwhile, against the backdrop of increasingly complex global trade conditions and fluctuating international logistics costs, the market is demanding greater transparency in pricing information. Standalone FOB prices can no longer adequately meet the needs of upstream and downstream players in the industry chain for accurately calculating overseas landing costs. As CIF prices more directly reflect the actual competitiveness of products in target markets, their importance as a basis for trade settlement and a tool for risk hedging has become increasingly prominent. To better understand the actual CIF market conditions for module exports to Southeast Asia and help enterprises reduce transaction risks and costs amid complex trade dynamics, SMM, after a period of market observation and surveys, plans to officially add the following product prices starting January 23, 2026, as references for market transactions: TOPCon Module-182mm-CIF Malaysia TOPCon Module-210mm-CIF Malaysia TOPCon Module-210R-CIF Malaysia The published prices are all CIF prices for major ports in Malaysia. Specific specifications and descriptions are as follows: Price Point Names: TOPCon Module-182mm-CIF Malaysia TOPCon Module-210mm-CIF Malaysia TOPCon Module-210R-CIF Malaysia Price Description: Price Type: CIF Major Ports in Malaysia Tax Standard: Tax-excluded Definition: CIF Price for Major Ports in Malaysia Unit: $/W Leading Brands: LONGi Green Energy Technology Co., Ltd., Jinko Solar Co., Ltd., Trinasolar Co., Ltd., JA Solar Co., Ltd., CSI Solar, CHINT Group Co., Ltd., etc. Minimum Trading Volume: 10 MW Delivery Period: Within 3 months Release Time: Every Friday at 11:00 AM Beijing Time Payment Terms: Cash, and other payment methods standardized to cash SMM PV Research Team January 13, 2026

In recent years, Indonesia has solidified its position as a global supply and export hub for the stainless steel industry. With the continuous upgrade of local production capabilities, the export volume of 304L series stainless steel has seen significant growth. Due to its superior intergranular corrosion resistance and weldability, 304L is increasingly demanded in the chemical, energy, and high-end manufacturing sectors across Asia, Europe, and the Middle East. To better reflect the supply-demand fundamentals of the low-carbon stainless steel market and to provide global traders and downstream users with more precise settlement references and risk management tools, SMM has decided to expand its overseas price assessment portfolio. Effective December 26, 2025 , SMM will officially launch the following two new price points: "304L/NO.1 Coil-ME, FOB Indonesia, USD/mt" and "304L/2B Coil-ME, FOB Indonesia, USD/mt" . The details of the new price points are as follows: 1. Product Name: 304L/NO.1 Coil-ME, FOB Indonesia, USD/mt Quality: Standard thickness 4mm, thickness range 4.0-8.0mm, width 1520mm, Mill Edge, conforming to ASTM A480/A480M. Brand Listing: ITSS, GCNS, OSS Definition: FOB Indonesia main ports Unit: USD/tonne Quantity: Min 20 tonnes Timing: 1-3 Months Publication Time: Daily, by 11:00 am Jakarta Time (Working Days) Payment Terms: L/C / TT at sight in USD, or other payments normalized. 2. Product Name: 304L/2B Coil-ME, FOB Indonesia, USD/mt Quality: Standard thickness 2mm, thickness range 1.5-2.0mm, width 1240mm, Mill Edge, conforming to ASTM A480/A480M. Brand Listing: Yongwang, Ruipu, IMR ARC Steel Definition: FOB Indonesia main ports Unit: USD/tonne Quantity: Min 20 tonnes Timing: 1-3 Months Publication Time: Daily, by 11:00 am Jakarta Time (Working Days) Payment Terms: L/C / TT at sight in USD, or other payments normalized. For any inquiries, please contact the SMM Nickel & Stainless Steel Industry Research Department. SMM Nickel & Stainless Steel Industry Research Department December 18, 2025