Central State-Owned Enterprise Procurement Debuts on Platform | CITIC Dicastal 300 mt Aluminum Ingot Competitive Procurement Successfully Settled

On July 23, CITIC Dicastal Co., Ltd. (hereinafter referred to as "CITIC Dicastal") completed a competitive procurement of 300 mt of 99.8 aluminum ingot through the SMM Trading Center (hereinafter referred to as the "SMM Trading Center"), with two suppliers winning the bid and delivery of the goods successfully finalized. This marked the first time CITIC Dicastal organized raw material procurement via an online public bidding process on a third-party spot trading platform, signifying the implementation of the SMM Trading Center's competitive procurement function in the procurement scenario of central state-owned enterprises.

CITIC Dicastal was established in 1988 by CITIC Group as the first aluminum wheel manufacturing enterprise in Chinese mainland and is now the world's largest supplier of aluminum wheels and aluminum chassis parts, with aluminum wheel sales ranking first globally for 17 consecutive years. For this competitive procurement, the SMM Trading Center leveraged its professional expertise, strictly adhered to CITIC Dicastal's quality standards and supplier entry requirements, sought and selected high-quality sources and suppliers, and organized the bidding activity. After the transaction, settlement was completed safely and efficiently through the Shanghai Clearing House's "Bulk Commodity Clearing Connect" system, and transaction data was incorporated in real time into the SMM spot price collection system.

The successful completion of CITIC Dicastal's first competitive procurement order demonstrated Dicastal's recognition, as a state-owned enterprise industry leader, of the SMM Trading Center platform's credibility, professional capability, and secure transaction mechanism. It also validated the value of the "platform sourcing + public bidding + secure transaction assurance" model for large manufacturing enterprises. The SMM Trading Center's spot competitive procurement/sales and other platform trading functions can help state-owned enterprises achieve digitization and transparency in bulk commodity trading, effectively reduce transaction costs, and enable direct participation in market price discovery, thereby enhancing enterprise pricing influence.

Going forward, the SMM Trading Center will continue to work closely with CITIC Dicastal to explore and expand more cooperation models, and also hope to have opportunities to collaborate with more enterprises in the industry chain.