[SMM Announcement] Announcement on the Addition of the "Indonesia's Local Nickel Ore Ocean Freight Rate" Price Point

Since Indonesia fully implemented its nickel ore export ban in 2020, the country has consolidated its position as a global nickel ore and processing hub. This strategic focus on downstream development has spurred rapid expansion of smelting capacity, making efficient and transparent nickel ore logistics from mines to smelters a critical pillar of the entire industry.

As domestic shipping activities to support these massive smelting operations become increasingly frequent, market participants across the supply chain have a clear need for a freight rate benchmark. Establishing a transparent pricing mechanism is crucial for enhancing the clarity and efficiency of daily operations.

In response to this urgent market demand and to continuously reflect changes in domestic trade shipping costs, SMM will officially launch the "Indonesia Local Nickel Ore Ocean Freight Rate" price starting November 7, 2025. The specifics include:

Price Point Details Are As Follows:

• Product Name: Indonesia Nickel Ore Ocean Freight Rate (Central Sulawesi - IMIP)
• Definition: Indonesia's Local Nickel Ore Ocean Freight Rate
• Unit: $/wmt
• Minimum Trading Volume: 7,500-10,000 wmt
• Release Time: Weekly, every Friday at 11:00 AM Jakarta Time
• Payment Terms: Telegraphic Transfer or Documents Against Payment; other payment terms require separate negotiation

Price Point Details Are As Follows:

• Product Name: Indonesia Nickel Ore Ocean Freight Rate (Southeast Sulawesi - IMIP)
• Definition: Indonesia's Local Nickel Ore Ocean Freight Rate
• Unit: $/wmt
• Minimum Trading Volume: 7,500-10,000 wmt
• Release Time: Weekly, every Friday at 11:00 AM Jakarta Time
• Payment Terms: Telegraphic Transfer or Documents Against Payment; other payment terms require separate negotiation

Price Point Details Are As Follows:

• Product Name: Indonesia Nickel Ore Ocean Freight Rate (Central Sulawesi - IWIP)
• Definition: Indonesia's Local Nickel Ore Ocean Freight Rate
• Unit: $/wmt
• Minimum Trading Volume: 7,500-10,000 wmt
• Release Time: Weekly, every Friday at 11:00 AM Jakarta Time
• Payment Terms: Telegraphic Transfer or Documents Against Payment; other payment terms require separate negotiation

Price Point Details Are As Follows:

• Product Name: Indonesia Nickel Ore Ocean Freight Rate (Southeast Sulawesi - IWIP)
• Definition: Indonesia's Local Nickel Ore Ocean Freight Rate
• Unit: $/wmt
• Minimum Trading Volume: 7,500-10,000 wmt
• Release Time: Weekly, every Friday at 11:00 AM Jakarta Time
• Payment Terms: Telegraphic Transfer or Documents Against Payment; other payment terms require separate negotiation
  
   

  SMM Nickel Industry Research Team

  Nov 3, 2025