Dear Customer,
Greetings from SMM.
To further enhance the clarity, consistency, and professional integrity of our pricing services, SMM has completed a systematic update and standardization of the naming conventions and methodologies for certain price points displayed across our platforms.
This update is intended to improve the overall structure and interpretability of the SMM pricing portfolio, enabling users to more efficiently identify, understand, and apply relevant market benchmarks in their analysis and decision-making.
The revision involves selected core price points, including but not limited to the following examples:

Please note that the examples above represent only a portion of the updates. For the comparison and explanation of old and new names, please refer to:
https://imgqn.smm.cn/production/expert/attachment/wlUIF20260201204138.xlsx
We recognize the critical importance of data accuracy, continuity, and comparability in your business operations. Accordingly, these updates do not affect the continuity of historical data, nor do they impact the analytical comparability of price series over time.
Should you have any questions regarding the updated price points, methodology explanations, or their application, please do not hesitate to contact us through the channels below:
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Email: service.en@smm.cn
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Tel: +86 21 5155 0306
Thank you for your continued trust in SMM. We remain committed to delivering authoritative, transparent, and reliable market intelligence across non-ferrous metals, new energy materials, and related industries.
Yours sincerely,
SMM Industry Research Team
Shanghai Metals Market
February 1, 2026