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SMM Announcement on Adjusting the Premium for European Rotterdam P1020A Aluminum Ingot, Duty-Paid
Jan 09, 2026 14:50
To All Relevant Enterprises and Market Participants: In accordance with the relevant policy requirements of the European Union's Carbon Border Adjustment Mechanism (CBAM), which officially entered its charging phase on January 1, 2026, with aluminum products included in the first batch of covered goods, SMM has decided to adjust the premium price for European Rotterdam P1020A aluminum ingot, duty-paid. This adjustment, approved by the SMM Price Assessment Committee, aims to accurately reflect the actual trade costs in the European aluminum ingot market post-CBAM implementation and to ensure the fairness, timeliness, and reference value of SMM prices. The specific details of the announcement are as follows:
[SMM Analysis] The Market Structure of Spot Lithium Carbonate Tilts Toward Spot Orders, Convergence of Futures and Spot Prices Boosts Trading Volume
The prices of far-month contracts are, to some extent, determined by market expectations regarding future supply-demand dynamics and price trends, hence differing from spot prices. In contrast, as near-month contracts approach delivery, they are increasingly influenced by actual supply-demand conditions in the spot market, ultimately exhibiting a convergence characteristic where futures and spot prices align.
Jan 9, 2026 20:00
[SMM Analysis] Arbitrage Window Opens Drives Market Transactions, High-Grade NPI Prices Still Have Upside Room
[SMM Analysis: Arbitrage Window Opens Drives Market Transactions, High-Grade NPI Prices Still Have Upside Room] The average price of SMM 10-12% high-grade NPI rose 31.23 yuan/mtu WoW to 946.4 yuan/mtu (ex-factory, tax included), while the average Indonesia NPI FOB index price increased 4.26 $/mtu WoW to 118.92 $/mtu. This week, futures retreated after a rapid rise, and the price spread between futures and spot high-grade NPI widened significantly during the week, reaching a relatively high level, triggering market arbitrage positioning.
Jan 9, 2026 18:07
![[SMM Analysis] Arbitrage Window Opens Drives Market Transactions, High-Grade NPI Prices Still Have Upside Room](https://imgqn.smm.cn/production/admin/votes/imagesFktaO20240312144803.png)
[SMM Analysis] The global nickel market experienced a roller coaster ride this week, while domestic inventory continued to increase significantly.
This week, the global nickel market experienced a roller-coaster ride. At the start of the week, driven by the core narrative of Indonesia's 2026 nickel ore quotas and coupled with optimistic sentiment over a global macro shift toward looser liquidity, nickel prices extended last week's surge, with LME nickel hitting $18,000/mt and the most-traded SHFE nickel contract approaching 150,000 yuan/mt.
Jan 9, 2026 16:19
[SMM Rebar Production Schedule] Total Building Materials Production Changes Relatively Small, but Structural Adjustment in Production with Rebar Increasing and Wire Rod Decreasing
Planned rebar production in January is 7.3122 million mt, an increase of 259,800 mt compared to the actual production in December, up 3.68%;
Planned wire rod production in January is 2.982 million mt, a decrease of 267,300 mt compared to the actual production in December, down 8.23%.
Export schedule of long products from sample steel mills in January was 673,200 mt, up 61,700 mt MoM, of which steel billet export schedule was 300,000 mt.
Jan 9, 2026 16:00
The first underground distributed hydrogen storage demonstration base project in Central China kicks off in Wuhan!
On December 28, the Forum and Groundbreaking Ceremony for the R&D, Application and Demonstration Base Project of Underground Distributed Hydrogen Storage Devices was held in Wuhan.
Jan 9, 2026 14:35
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