[SMM Announcement] New Price Announcement for ‘SMM the Philippines 1.3%&1.4% Laterite Nickel Ore, CIF Indonesia, USD/wmt’

 In the past two years, the proportion of nickel ore exported from the Philippines to Indonesia has surged from less than 3% in 2023 to approximately 20% in 2024.

This year, Indonesia’s domestic nickel ore supply is tightening under the dual pressures of progressively stricter government controls over nickel resources and prolonged rainy seasons. Consequently, exports of nickel ore from the Philippines to Indonesia are expected to increase further.

Against this backdrop, ​​the valuation and pricing mechanisms for Philippine nickel ore in the Indonesian market​​ are drawing close attention from participants across the supply chain.

To proactively address market shifts, meet the ​​pressing need for price discovery​​ of Philippine nickel ore on a CIF Indonesia basis, and enhance market transparency, SMM has decided:

Commencing August 15, 2025, SMM will officially launch two new price:​​

• SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia, USD/wmt​

• SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia, USD/wmt

Details of this price point are as follows:

• Description: SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia, USD/wmt
• Quality: Nickel ore 1.3% Ni, 15-25% Fe, water content 33-35%
• Quantity: Minimum 50000 tonnes
• Definition: CIF Indoneisa main ports
• Brand Listing: CNC、NAC,etc
• Timing: 1-2 Months
• Unit: USD/wmt
• Payment Terms: L/C/TT at sight in USD , other payment terms normalized
• Pulication: Daily, by 12am Beijing Time

• Description: SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia, USD/wmt
• Quality: Nickel ore 1.4% Ni, 15-25% Fe, water content 33-35%
• Quantity: Minimum 50000 tonnes
• Definition: CIF Indoneisa main ports
• Brand Listing: CNC、NAC,etc
• Timing: 1-2 Months
• Unit: USD/wmt
• Payment Terms: L/C/TT at sight in USD , other payment terms normalized
• Pulication: Daily, by 12am Beijing Time

SMM Nickel Industry Research Department

August 8, 2025