In recent years, Southeast Asia, with its geographical advantages and favorable policies, has become a key region for the collection and processing of global recycled resources. At the same time, as industries such as NEVs accelerate their global layout, many Chinese automakers, auto parts companies, and secondary aluminum alloy processing enterprises have invested in setting up factories in Southeast Asian countries like Thailand. The trading activity in the local secondary aluminum alloy spot market is continuously increasing. To accurately grasp the dynamics of the Thailand ADC12 secondary aluminum alloy market and effectively reduce market transaction risks and costs, after a long period of accumulation and thorough market surveys, SMM has decided to start publishing Thailand ADC12 aluminum alloy ingot prices from April 22, 2025.
I. General Principles of SMM Price Assessment Methodology
Shanghai Metals Market (SMM) is a fully independent third-party service provider that does not participate in any actual transactions but maintains close communication with buyers or sellers in the market as an observer or organizer, providing relevant services to the market. SMM continuously formulates, reviews, and revises its methodology through communication with industry insiders, adopting the most common product specifications, trade terms, and conditions in the industry, and giving equal importance to normal transactions that meet specification standards. SMM reserves the right to exclude any price information deemed unreliable or unrepresentative from its price assessments.
SMM publishes daily metal spot prices (or price indices, including the Chinese market, markets outside China, and the global market), commonly known as SMM prices. SMM has established corresponding methodologies for all published SMM prices (which are available for review on SMM's official website www.smm.cn). These methodologies specify the methods and procedures for generating and releasing SMM prices, which are strictly followed.
To align with the actual situation in the spot market, SMM will make necessary revisions to the SMM price assessment methodology, and these revisions will be announced on the SMM official website before implementation. For any questions or suggestions regarding SMM prices and their methodologies, please contact SMM customer service (contact details can be found on the SMM official website www.smm.cn).
II. Formation of SMM Thailand ADC12 Aluminum Alloy Ingot Prices
1. Definition
The SMM Thailand ADC12 aluminum alloy ingot price is formed and published by SMM according to this methodology, collecting market transaction prices for Thailand ADC12 aluminum alloy ingots that can be used for trading.
Definition: Thailand ADC12 Ex-factory spot price for self-pickup
2. Method of Price Generation
SMM collects the price range for assessing the market transaction price of Thailand ADC12 aluminum alloy ingots through price collection (i.e., gathering original data information that meets SMM standards).
3. Price Collection Method
SMM will collect price information for Thailand ADC12 aluminum alloy ingot spot based on the price submission confirmation, with price analysts regularly (every trading day) collecting this information from price submitters via telephone, QQ, WeChat, fax, and email. This price information includes the prices already transacted on the day and the prices that the company expects to be most likely to transact. All instant messaging content, email communications, and records of any face-to-face communications will be archived; details of telephone communications will be recorded and entered into the database. This information pertains to typical, repeatable transactions between non-related market participants.
4. Product Standards
Complies with the AD12.1 specifications in JISH2118:2006
5. Pricing Unit:
Thai Baht per kilogram
6. Presentation Format
Presented as a price range, in Thai Baht excluding tax
7. Quantity:
Single transaction volume greater than or equal to 30 mt
8. Release Time:
11:30 AM Beijing time every trading day; 10:30 AM Bangkok time every trading day
9. Delivery Method:
Ex-factory spot price for self-pickup
10. Release Websites:
https://hq.smm.cn/aluminum; https://www.metal.com/Aluminum; https://www.metal.com/th/markets/1
III. Methodology Changes
All markets are constantly changing, and SMM has the responsibility to ensure that the methodologies for market reports evolve with the market. Therefore, SMM will conduct internal reviews of the appropriateness of the methodologies on a regular basis based on industry feedback. For all substantive but non-urgent potential changes, SMM will follow a formal external consultation process. Significant changes will then be announced, with at least 28 days' notice given, inviting industry professionals to comment, unless special circumstances, particularly force majeure (natural disasters, war, exchange bankruptcy, etc.), necessitate a shorter notice period. SMM commits to carefully reviewing all comments on proposed methodology changes, but in some cases, it may have to make changes to the methodology against the wishes of some market participants. Additionally, SMM has a formal methodology consultation process.
If you have any questions, please contact SMM, Gloria Zhang, at 18100378587, 021-20707849.
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