[important notice] 2018 specification for access conditions for SMM small metal mining units-Shanghai Metals Market

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[important notice] 2018 specification for access conditions for SMM small metal mining units

Translation 01:56:04PM Jan 30, 2018 Source:Shanghai Nonferrous Metals Network

Since the establishment of Shanghai Colored Network (www.smm.cn) 18 years ago, as an independent third-party platform of the non-ferrous industry, the spot price (SMM price) of Shanghai Colored Network reported every working day has been unanimously recognized by the industry. Adhering to the principle of "fairness, fairness and openness", it has been an important indicator used directly or referred to in the settlement of transactions in the industry for many years.

In 2018, Shanghai Colored Network will again update the standard collection units for small metal industries (bismuth, selenium, tellurium, indium, germanium, gallium and related industries); Eliminate the unqualified enterprises in the original standard-collecting units, and absorb more enterprises with stable and healthy development to become standard-collecting units. Colleagues in the small metal industry are invited to participate and supervise together. after the results of this update are confirmed, the SMM official media will be announced, and the certificate will be issued at the "2018 small Metal Industry Summit". The Code of access conditions for SMM small Metal Mining Units 2018 is published as follows:

Specification for access conditions for SMM small Metal Mining Units 2018

I. SMM price definition:

SMM prices: based on extensive collection of spot market conditions, enterprise information, industrial fundamentals, futures markets, macroeconomic developments and other major influencing factors (political, economic and natural, etc.). Among them, the spot market and enterprise information as the main basis.

II. product categories:

Bismuth, selenium, tellurium, indium, germanium, gallium and related industries.

III. access conditions:

1. For the production, procurement or trade of the above products, its circulation has a certain market share.

2. The enterprise has a good reputation and has been in operation for more than two years.

3. Can actively cooperate with SMM standard collection work, can ensure the authenticity of the information provided.

IV. criteria for adoption:

1. standard unit conditions:

(1) it is mainly the backbone enterprises in the industry, at the same time, some representatives of small and medium-sized enterprises are properly allocated; (2) there is a willingness to become a bid-collecting unit and actively cooperate; (3) it can provide true information.

2. according to the size of the industry, each item of the standard-collecting unit should represent 60% and 90% of the market transaction volume in a certain range, so as to reduce the system deviation and ensure the representativeness of the standard-collecting unit.

3. management of standard-collecting units:

(1) SMM continuously assesses the performance of each company and the accuracy of the information it has provided in the past to determine whether an enterprise has been excluded or added to the price unit.

(2) SMM measures its rating (which is not made public) on the basis of the market behaviour of each bidder and the historical record of the data they provide. When the rating is below a certain level, the SMM notifies the company in writing. If the company does not improve, SMM will notify the company 30 days later that its bid-taking unit has been disqualified.

(3) SMM reserves the right to revoke the qualification of the company's bid acquisition unit immediately if it provides incorrect information with the intention of misleading the SMM price.

(4) SMM requires each bid acquisition unit to sign a formal consent form after becoming a formal bid acquisition unit to confirm the accuracy and timeliness of the price quoted to SMM. The consent form also protects the trade information of the bidders. In the consent form, the bid-collecting unit may also designate a person as the focal point.

4. application and approval: the enterprise prepares the relevant information according to the "2018 SMM small Metal Mining Standard Unit selection system form", and fills in the "2018 SMM small Metal Mining Standard Unit Application form" and submits it to the person in charge of the small metal item of Shanghai Nonferrous Metal Network together. After investigation and audit by the relevant staff of Shanghai Colored Network, submit it to the relevant leadership for approval after rating. After the entry, the certificate was announced and promulgated at the 2018 small Metal Industry Summit. (in order to ensure fairness and impartiality in the rating process, the names of the investigating, auditing and rating approving officers will not be made public for the time being.) )

5. assessment of standard-collecting units: the assessment time shall be quarterly and revolve around the following contents: whether it can accurately and timely reflect the true transaction situation of the enterprise itself and the market, and whether it can actively cooperate with the activities of the SMM (such as participation in the meeting, etc.) Contributions and discussion activities).

To apply to join the SMM small metal mining standard unit, to obtain the "2018 SMM small metal mining standard unit selection system form" and the 2018 SMM small metal mining standard unit application form, please contact:

Mr. Zhu 156, 1843, 5454 (same number on WeChat)

Mr. Liang 177, 6452, 4096 (same number on WeChat)

Key Words:  Bismuth  selenium  tellurium  indium  germanium  gallium 

[important notice] 2018 specification for access conditions for SMM small metal mining units

Translation 01:56:04PM Jan 30, 2018 Source:Shanghai Nonferrous Metals Network

Since the establishment of Shanghai Colored Network (www.smm.cn) 18 years ago, as an independent third-party platform of the non-ferrous industry, the spot price (SMM price) of Shanghai Colored Network reported every working day has been unanimously recognized by the industry. Adhering to the principle of "fairness, fairness and openness", it has been an important indicator used directly or referred to in the settlement of transactions in the industry for many years.

In 2018, Shanghai Colored Network will again update the standard collection units for small metal industries (bismuth, selenium, tellurium, indium, germanium, gallium and related industries); Eliminate the unqualified enterprises in the original standard-collecting units, and absorb more enterprises with stable and healthy development to become standard-collecting units. Colleagues in the small metal industry are invited to participate and supervise together. after the results of this update are confirmed, the SMM official media will be announced, and the certificate will be issued at the "2018 small Metal Industry Summit". The Code of access conditions for SMM small Metal Mining Units 2018 is published as follows:

Specification for access conditions for SMM small Metal Mining Units 2018

I. SMM price definition:

SMM prices: based on extensive collection of spot market conditions, enterprise information, industrial fundamentals, futures markets, macroeconomic developments and other major influencing factors (political, economic and natural, etc.). Among them, the spot market and enterprise information as the main basis.

II. product categories:

Bismuth, selenium, tellurium, indium, germanium, gallium and related industries.

III. access conditions:

1. For the production, procurement or trade of the above products, its circulation has a certain market share.

2. The enterprise has a good reputation and has been in operation for more than two years.

3. Can actively cooperate with SMM standard collection work, can ensure the authenticity of the information provided.

IV. criteria for adoption:

1. standard unit conditions:

(1) it is mainly the backbone enterprises in the industry, at the same time, some representatives of small and medium-sized enterprises are properly allocated; (2) there is a willingness to become a bid-collecting unit and actively cooperate; (3) it can provide true information.

2. according to the size of the industry, each item of the standard-collecting unit should represent 60% and 90% of the market transaction volume in a certain range, so as to reduce the system deviation and ensure the representativeness of the standard-collecting unit.

3. management of standard-collecting units:

(1) SMM continuously assesses the performance of each company and the accuracy of the information it has provided in the past to determine whether an enterprise has been excluded or added to the price unit.

(2) SMM measures its rating (which is not made public) on the basis of the market behaviour of each bidder and the historical record of the data they provide. When the rating is below a certain level, the SMM notifies the company in writing. If the company does not improve, SMM will notify the company 30 days later that its bid-taking unit has been disqualified.

(3) SMM reserves the right to revoke the qualification of the company's bid acquisition unit immediately if it provides incorrect information with the intention of misleading the SMM price.

(4) SMM requires each bid acquisition unit to sign a formal consent form after becoming a formal bid acquisition unit to confirm the accuracy and timeliness of the price quoted to SMM. The consent form also protects the trade information of the bidders. In the consent form, the bid-collecting unit may also designate a person as the focal point.

4. application and approval: the enterprise prepares the relevant information according to the "2018 SMM small Metal Mining Standard Unit selection system form", and fills in the "2018 SMM small Metal Mining Standard Unit Application form" and submits it to the person in charge of the small metal item of Shanghai Nonferrous Metal Network together. After investigation and audit by the relevant staff of Shanghai Colored Network, submit it to the relevant leadership for approval after rating. After the entry, the certificate was announced and promulgated at the 2018 small Metal Industry Summit. (in order to ensure fairness and impartiality in the rating process, the names of the investigating, auditing and rating approving officers will not be made public for the time being.) )

5. assessment of standard-collecting units: the assessment time shall be quarterly and revolve around the following contents: whether it can accurately and timely reflect the true transaction situation of the enterprise itself and the market, and whether it can actively cooperate with the activities of the SMM (such as participation in the meeting, etc.) Contributions and discussion activities).

To apply to join the SMM small metal mining standard unit, to obtain the "2018 SMM small metal mining standard unit selection system form" and the 2018 SMM small metal mining standard unit application form, please contact:

Mr. Zhu 156, 1843, 5454 (same number on WeChat)

Mr. Liang 177, 6452, 4096 (same number on WeChat)

Key Words:  Bismuth  selenium  tellurium  indium  germanium  gallium