Announcement on the Official Launch of Data from the Optimized SMM Aluminum Element End-Use Consumption Model

Announcement on the Optimization of the SMM Aluminum Element End-Use Consumption Model

In recent years, with the acceleration of industrialization in Malaysia, the demand for high-quality stainless steel in the local construction, automotive, home appliance manufacturing, and high-end c

SMM to launch "N-type 210R Silicon Ingot—Turkey CIF" price on May 22, 2026, providing daily CIF prices at main Turkish ports in USD/kg, excluding VAT, with a minimum trading volume of 100 kg.

SMM will launch two new price points for Malaysia 304 stainless steel, "Malaysia 304/NO.1 Coil Mill Edge" and "Malaysia 304/2B Coil Mill Edge," effective May 15, 2026.

Indonesia holds over 60% of the world's nickel reserves and plays a central role in nickel resource supply and processing. In 2023, Indonesia achieved a breakthrough in refined nickel exports, increasing from zero to substantial volumes, with exports reaching 43,600 mt in 2024. New refined nickel projects are currently under construction, and Indonesia's refined nickel capacity is expected to increase to 180,000 mt by 2026. Future exports are anticipated to expand further, making Indonesia's refined nickel price trends significantly influential in the global nickel market. To actively respond to changes in the Indonesian refined nickel market, meet the urgent needs of users for Indonesian refined nickel FOB prices, and enhance market information transparency, SMM has decided: Starting from September 19, 2025, to publish the‘SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne’price Price details are as follows: Description: SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne Quality: Ni 99.80% min Definition: FOB Indonesia main ports Unit: USD/tonne Quantity: Min 30 tonnes Timing: 1-3 months Payment Terms: L/C/TT at sight in USD , or other payment terms normalized Publication: Weekly, Friday 10:30 AM Jakarta Time