[announcement] 6063 remelting bar price point added to Shanghai Nonferrous Network (SMM)

SMM, Aug. 6:

Dear users,

Hello!

In order to facilitate the upstream and downstream enterprises of the remelting bar to better control the changes in the remelting rod market, reflect the spot price in the market in time, reduce the transaction risk and transaction cost in the remelting rod market, and constantly improve and deepen the research on the aluminum industry chain, after a period of precipitation and market research, SMM, Starting from August 9, it is proposed to release new quotations for remelting rods with iron content of 0.2%, 0.25%, 0.25%, 0.25%, 0.35% and 0.5% in Foshan, Wuxi, Nanchang, Linyi and Xuchang, which are self-raised from the factory for market reference.

General principles of SMM Price Methodology SMM (hereinafter referred to as SMM) is a completely independent third-party service organization that does not participate in any substantive transaction, but maintains close communication with the buyer or seller of the transaction as a market observer or organizer, and provides relevant services for the market. By communicating with industry insiders, SMM continuously develops, reviews and revises its methodology, adopts the most common product specifications, terms and conditions of trade in the industry, and attaches equal importance to normal transactions that meet specification standards. SMM reserves the right to exclude any price information deemed to be unreliable or unrepresentative from its quotation judgment.

SMM publishes daily spot metal prices (or price indices, including the Chinese market, non-Chinese markets and global markets), often referred to as SMM prices. SMM has formulated the corresponding methodology for the published SMM prices (all will be published on SMM's official website www.smm.cn for inquiry). The methodology stipulates the methods and procedures for the generation and release of SMM prices, and produces and publishes SMM prices in strict accordance with the provisions of the methodology.

In order to meet the actual situation of the spot market, SMM will make necessary amendments to the SMM price methodology and announce it on the official SMM website before its formal implementation. If you have any questions or suggestions about SMM price and its methodology, please contact SMM customer service personnel (please check the contact information on SMM's official website www.smm.cn).

This document prescribes the remelting bar price standard of grade 6063 in Foshan, Wuxi, Nanchang, Linyi and Xuchang with an iron content of 0.2% 0.25% 0.25% 0.25% 0.35% 0.35% 0.5%. The purpose of SMM in formulating this standard is to establish a transparent and verifiable SMM price setting mechanism.

Second, Foshan, Wuxi, Nanchang, Linyi and Xuchang have a remelting rod price with an iron content of 0.2%, 0.25%, 0.25%, 0.35%, 0.35%, 0.5%, respectively.

2.1 definition

The remelting rod price of Foshan, Wuxi, Nanchang, Linyi and Xuchang with an iron content of 0.2% muri 0.25% mae 0.25% mae 0.35% mae 0.35% mae 0.5% is formed and issued by SMM in accordance with this methodology and can be used by both parties as a reference for spot trade settlement of remelting rods. The price is mainly based on the daily spot transaction price situation in various regions, including taxes, capital occupation costs and other related trade expenses.

2.2 the relevant price points for the addition of 6063 remelting rods to SMM are as follows:

The iron content in Foshan is 0.2% 0.25% (factory withheld tax price);

The iron content in Foshan area is 0.25% w / w 0.35% (factory withholding tax price);

The iron content in Foshan area is 0.35% Mui 0.5% (factory withholding tax price);

The iron content in Wuxi is 0.2% 0.25% (factory withheld tax price);

The iron content in Wuxi area is 0.25% w / w 0.35% (factory withholding tax price);

The iron content in Wuxi area is 0.35% Mui 0.5% (factory withheld tax price);

The iron content in Nanchang is 0.2% 0.25% (factory withheld tax price);

The iron content in Nanchang area is 0.25% w / w 0.35% (factory withholding tax price);

The iron content in Nanchang area is 0.35% Mui 0.5% (factory withholding tax price);

The iron content in Linyi area is 0.2% 0.25% (factory withheld tax price);

The iron content in Linyi area is 0.25% w / w 0.35% (factory withholding tax price);

The iron content in Linyi area is 0.35% Rue 0.5% (factory withholding tax price);

The iron content in Xuchang area is 0.2% 0.25% (factory withheld tax price);

The iron content in Xuchang area is 0.25% w / w 0.35% (factory withholding tax price);

The iron content in Xuchang area is 0.35% Mui 0.5% (factory withheld tax price);

A total of 15 price points.

2.3 the quotation method generates SMM to collect data information used to evaluate remelting bars in various places by means of standard acquisition (that is, collection of original data information in accordance with the SMM standard), including quotations between buyers and sellers that have not been concluded on the same day provided by the bid acquisition unit (that is, the data provider), the spot transaction price provided by the bid acquisition unit, and so on.

2.4 the method of adopting the standard

SMM price analysts collect spot price data from bid-picking units on a regular basis (between 10:30 and 12:00 on each trading day) by phone, QQ, Wechat, fax and e-mail. The price data information can include the price that has been closed on the same day, the most likely pending transaction price expected by the enterprise, and so on. All instant messaging content, email communication content and any face-to-face communication records will be archived; phone communication details will be summarized and entered into the database. The price data information must be a typical, repeatable transaction between non-affiliated market participants (financially and legally independent).

SMM price analysts are required to comply with the Compliance system when reporting to their supervisors any forced or threatened communication from market participants, or any induced offer that attempts to influence the outcome of the assessment. After the price is released, SMM will not revise or adjust it on the same day.

Product standard: the brand is 6063 remelted aluminum bar, the iron content is 0.2% muri 0.25% mai 0.25% mai 0.35% mai 0.5%.

2.6 pricing units and forms of expression

The iron content in Foshan area is 0.2% RMB0.25% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Foshan area is 0.25% 0.35% RMB / ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Foshan area is 0.35% RMB0.5% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Wuxi area is 0.2% RMB0.25% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Wuxi area is 0.25% 0.35% RMB / ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Wuxi area is 0.35% RMB0.5% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Nanchang area is 0.2% RMB0.25% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Nanchang area is 0.25% 0.35% RMB / ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Nanchang is 0.35% RMB0.5% RMB0.5 / ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Linyi area is 0.2% 0.25 RMB / ton, which is presented in the form of interval, including tax price (including 13% value-added tax).

The iron content in Linyi area is 0.25% 0.35% RMB / ton, which is presented in the form of interval, including tax price (including 13% value-added tax).

The iron content in Linyi area is 0.35% RMB0.5% RMB0.5 per ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Xuchang area is 0.2% 0.25 RMB / ton, which is presented in the form of interval, including tax price (including 13% value-added tax).

The iron content in Xuchang area is 0.25% 0.35% RMB / ton, which is presented in the form of interval, including tax price (including 13% VAT).

The iron content in Xuchang area is 0.35% RMB0.5% per ton, which is presented in the form of interval, including tax price (including 13% VAT).

Online update time: 11:00-12:00 every trading day

2.7 method of delivery: factory spot pick-up

III. Change of methodology

All markets are changing, and SMM is responsible for ensuring that the methodology for market reporting changes with market Synchronize. As a result, SMM conducts regular internal reviews of the appropriateness of the methodology based on industry feedback. SMM will follow the formal external consultation process for all substantive and non-urgent potential changes. Major changes are then announced and at least 28 days' notice is given, inviting comments from the industry, unless special circumstances, especially force majeure (natural disasters, wars, exchange bankruptcies, etc.) shorten the notice period. SMM promises to scrutinize all comments about proposed methodological changes, but in some cases it may have to change the methodology against the wishes of some market participants. In addition, SMM has a formal methodological consultation process.

Welcome more related enterprises in the industrial chain to participate in and support SMM to better serve the remelting bar related enterprises. If you have any questions, please feel free to reply to Liu Xuan 021-20707862.