[SMM Announcement] New Price Announcement for ‘SMM Tin 99.9% Ingot premium, CIF Shanghai, USD/tonne’

As the world's core consumer of the tin industry, China holds a pivotal position in the global tin industry chain. In recent years, influenced by factors such as adjustments in domestic and overseas policies, changes in global tin resource reserves, and fluctuations in consumer demand, the trade volume of Shanghai tin ingots has also exhibited periodic variations.

Against this industry backdrop, the Shanghai tin ingot CIF price is crucial for upstream and downstream enterprises in the global tin industry chain. To actively respond to market changes, meet the widespread user demand for Shanghai tin ingot CIF price discovery, and enhance market information transparency, SMM has decided:
 

Starting from September 26, 2025, to publish the ‘SMM Tin 99.9% Ingot premium, CIF Shanghai, USD/tonne’ price.
 

Price details are as follows:

- Description: SMM Tin 99.9% Ingot premium, CIF Shanghai, USD/tonne
- Quality: Tin ingot with 99.9% purity, conforming to LME specification (BS EN 610:1996) and containing 200 - 300 ppm lead.
- Definition: CIF Shanghai, excluding tax, premium on top of LME cash prices
- Unit: USD/tonne
- Quantity: Min 5 tonnes
- Timing: Within Two Weeks
- Payment Terms: Cash against document, telegraphic transfer, other terms normalized
- Publication: Weekly, Friday 10:30 AM Beijing Time

SMM Tin Industry Research Department
September 23, 2025