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The CIF Korea P1020A and P0406A spot premiums are formed and published according to this methodology, serving as indicative prices that can be used by both trading parties as a reference for CIF Korea P1020A and P0406A spot trade settlement. These prices reflect the actual or potentially executable spot transaction price ranges for CIF Korea P1020A and P0406A spot export premiums at the time of publication for each full business day. They will be officially launched on May 9, 2025, and historical prices will be simultaneously available for viewing on the SMM official website (smm.cn).
Apr 27, 2025 09:34
On April 10, 2025, the US government announced an increase in the "reciprocal tariff" rate on Chinese goods exported to the US to 125%. China's relevant departments promptly adjusted the tariff hike rate specified in the "Announcement of the Customs Tariff Commission of the State Council on Adjusting Tariff Measures on Imports Originating from the US" (Announcement No. 5 of 2025) from 84% to 125%