【SMM Announcement】Announcement on the Publication of the "SMM Sodium hydroxide, CIF Indonesia,USD/mt" Price Point

The smelting cost of MHP includes ore costs, auxiliary material costs, electricity, labor, and depreciation, among others. As one of the key basic auxiliary materials, the transparency and fairness of imported caustic soda prices are crucial for meeting procurement demands and have become a shared goal in the industry.

To facilitate downstream enterprises in managing fluctuations in the liquid caustic soda market, reflect spot cargo prices that indicate market conditions, and promote transparency in the cost structure of the nickel intermediate product industry chain, SMM has decided to publish the " SMM Sodium hydroxide, CIF Indonesia,USD/mt" price on December 3rd, 2025.

Details of the price point are as follows:

• Description:SMM Sodium hydroxide,Indonesia,CIF,$/ton
• Quality: NaOH Content 48%-50%
• Definition: CIF Indoneisa main ports
• Unit: $/ton
• Quantity: Min 10 tonnes
• Timing: 20 days
• Publication Time:Every Wednesday, by 12am Beijing Time
• Payment Terms: L/C/TT at sight in USD, or other payments normalized

SMM Nickel Industry Research Department
Nov 26, 2025