[SMM announcement] announcement on the addition and revision of Philippine Nickel Mine Price

At present, the main source of nickel ore import in China is the Philippines. With the exploitation of Philippine nickel ore resources year by year, the grade stability of Philippine laterite nickel ore has changed. Not only 1.5% nickel ore is in circulation, but also 1.3% and 1.4% nickel ore resources are traded in the market, and 1.3% and 1.4% laterite nickel ore has gradually become the mainstream circulation grade in the market. In order to increase the referencability of the quotation, SMM specially increased the Philippine laterite nickel mine by 1.3% (CIF), Philippine laterite nickel mine by 1.3% (FOB), Philippine laterite nickel mine by 1.4% (CIF) and Philippine laterite nickel mine by 1.4% (FOB). In addition, due to the gradual decrease of high-aluminum, low-nickel and high-iron ore resources, although occasionally in circulation, the current market is mainly low-aluminum low-nickel ore, so SMM changed the existing Philippine laterite nickel ore 0.9% (CIF), Philippine laterite nickel ore 0.9% (FOB) price to Philippine laterite nickel ore 0.9% Al ≥ 7% (CIF), Philippine laterite nickel ore 0.9% Al ≥ 7% (FOB), Two new price points are added: 0.9% Magi Al < 7% (CIF) for Philippine laterite nickel mine and 0.9% Magi Al < 7% (FOB) for Philippine laterite nickel mine. The updated price of SMM changes the names of two original price points and adds 6 new price points. This update will further refine our quotation system, strengthen ties with the market, keep up with the pace of market changes, provide objective and fair price guidance for the market, assist the upstream and downstream construction of the nickel market, reduce market transaction costs and avoid transaction risks. The maintenance time of the price point is 11 30 per day, and the subsequent SMM will announce the detailed nickel ore grade price methodology; if in doubt, please contact SMM Nickel analyst Gao Yuan, 021-51595842, hereby announced. Attachment: the layout of laterite nickel ore section on the Chinese web page is as follows: