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The Introduction of Shanghai Spot Metals Pricing System.

More and more companies are using the Shanghai Metal Exchange Market spot prices as their pricing standards. In line with the service principles of fairness, openness, objectivity, and accuracy, the following is an introduction of the Shanghai Spot Metal Price (SHMET).


The sampling time of all metals (Beijing Time):


Cu  09:00-11:30 AM
Al  09:00-11:30 AM
Pb  09:00-11:30 AM
Zn  09:00-11:30 AM
Sn  09:00-11:30 AM
Ni  09:00-11:30 AM


SHMETX and benchmark prices of varieties show the negotiated prices and settlement prices of copper, aluminum, lead, zinc, tin, and nickel at 11:30 every day.


SHMET shows the negotiated price range of sellers within the sampling time mentioned in A.


SHMET includes a 17% Value-Added Tax (VAT).


Manufacturers and traders may use the SHMET as a reference of standard spot prices in their purchasing and marketing efforts.


Please consult the SHMETX section for additional information on samplings and varieties.


The backwardation and contango of SHMET copper price is the difference between the copper spot price and SHFE copper spot contract ask price;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 zinc active contract ask price; that of SHMET prices of lead, tin and nickel is done in the same way.


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