[SMM Announcement] New Price Announcement for 'SMM FeNi ,DDP China,USD/nickel unit'

In the stainless steel furnace charge, apart from high-grade NPI as the main raw material for stainless steel, FeNi also holds a significant position and attracts attention from clients across the domestic and overseas industry chain. Meanwhile, as China is a major importer of FeNi, its FeNi imports are expected to continue increasing.

To facilitate use by nickel industry chain clients, meet the broad user demand for FeNi prices, and enhance market transparency, SMM has decided:

Starting from October 13, 2025, to publish SMM FeNi price points by grade, with the following new price points added:
- 15-20% FeNi ,DDP China,USD/nickel unit
- 20-25% FeNi ,DDP China,USD/nickel unit
- Ni≥30% FeNi ,DDP China,USD/nickel unit

Details of the price points are as follows:

- Product Name: 15-20% FeNi ,DDP China,USD/nickel unit
- Quality Standard: Ni 15-20%, conforming to GB/T 28296-2012
- Definition: Delivered Duty Paid
- Unit: USD/nickel unit
- Minimum Trading Volume: 30 tonnes
- Delivery Period: Within 30 days
- Release Time: Weekdays, 11:30 AM Beijing Time
- Payment Terms: Cash, and other payment methods standardized to cash.

- Product Name: 20-25% FeNi ,DDP China,USD/nickel unit
- Quality Standard:Ni 20-25%, conforming to GB/T 28296-2012
- Definition: Delivered Duty Paid
- Unit:USD/nickel unit
- Minimum Trading Volume: 30 tonnes
- Delivery Period: Within 30 days
- Release Time: Weekdays, 11:30 AM Beijing Time
- Payment Terms: Cash, and other payment methods standardized to cash.

- Product Name: Ni≥30% FeNi ,DDP China,USD/nickel unit
- Quality Standard: Ni≥30%, conforming to GB/T 28296-2012
- Definition: Delivered Duty Paid
- Unit: USD/nickel unit
- Minimum Trading Volume: 30 tonnes
- Delivery Period: Within 30 days
- Release Time: Weekdays, 11:30 AM Beijing Time
- Payment Terms: Cash, and other payment methods standardized to cash.