The Introduction to Fixing Prices of Shanghai Metals Exchange Market (“SHMET”)

Nowadays, more and more enterprises are based on Shanghai Metals Exchange Market (“SHMET”) spot prices as their fixing-price standard. In line with the service principles of fair, publicity, objectivity, accuracy, the following is the introduction of Shanghai Metal Price Index (SHMETX), standard prices of the varieties and the Shanghai Spot Metal Quote (SHMET).

The sampling time of all metals (Beijing Time):

Cu: 10:30-11:30 AM

A l: 10:30-11:30 AM

Pb: 10:30-11:30 AM

Zn: 10:30-11:30 AM

Sn: 10:30-11:30 AM

N i: 10:30-11:30 AM

SHMETX and benchmark prices of species show the negotiated prices of all metals at 11:30 every day. Place of delivery is Shanghai, China, and date of settlement is spot transaction.

SHMETX show negotiated price scope of sellers within the sampling time.

The backwardation and contango of SHMET copper price is the difference between the copper spot price and SHFE copper ask price of the same month; that of SHMET aluminum price is done in the same manner; however the backwardation and contango of SHMET zinc price is the difference between the zinc spot price and SHFE three-month zinc ask price.

The manufacturers and traders make Shanghai SHMET’s standard prices and spot prices for references of fixing prices of purchasing and marketing.

You can consult the introductions to the sampling companies in the column of the metal index for the resources of standard prices of the varieties and Shanghai Spot Metal Quote (SHMET).

If you have any question about the above, please dial:86-21-62570390、62573422、86-21-62570000*1509