Shanghai Yangtze River stop metal quotation aluminum enterprises to use SMM aluminum price for settlement! [industry concerns]

Published: Feb 28, 2022 16:46

Source: SMM

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Shanghai Changjiang stop metal quotation aluminum enterprises switch to SMM aluminum price for settlement! From January 1, 2022, the spot market of Shanghai Yangtze River non-ferrous metals stopped quoting. According to feedback, enterprises have replaced SMM quotations one after another for seamless connection! The following is the announcement made by the representatives of some aluminum enterprises on switching to "SMMA00 aluminum price" for settlement:

January 1, 2022, Shanghai Yangtze River non-ferrous metals spot market to stop quotation, according to feedback, enterprises have replaced SMM quotations for seamless convergence!

The following is the announcement made by the representatives of some aluminum enterprises on switching to "SMMA00 aluminum price" for settlement:

SMM (SMM) Metal quotation, as a "well-known" price in the industry, has a history of 23 years, covering thousands of non-ferrous metal products, such as basic metals, iron and steel, iron ore, precious metals, small metals, recycled metals, metal powders, metal compounds, processing materials, alloys, rare earths and so on. All SMM quotations are collected daily by analysts from the first-tier market, the price is fair, fair, true and reliable! It has become the authoritative spot benchmark price, widely recognized and used by the industry, and passed the (IOSCO) certification of the International Securities Regulatory Commission in 2019. The relevant price description and compliance methodology can be found in https://www.smm.cn/comp/cn.

Welcome more enterprises to use SMM price for transaction settlement!

Make sure that the settlement price of SMM is guaranteed!

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