What is the difference between SMM and LME and what is the meaning of SMM & LME and why are they important to us ?
SMM is an acronym for Shanghai Metals Market, and LME is an acronym for London Metals Exchange.
SMM (Click to SMM) founded in 1999 as a Chinese metals market research company, Shanghai Metals Market have been publishing the daily assessment spot prices (SMM Price) for over 100 base metals, precious metals, minor metals, recycled metals, metal powders, compounds, semis, alloys, and rare earths for over 10 years. SMM’s Shanghai Nonferrous Metals Price Index (SMMI) accurately tracks the overall situation in China’s nonferrous metals market.
LME (Click to LME) is the futures exchange with the world’s largest market in options and futures contracts on base and other metals, By definition it is a major London trading facility formed in 1877 that currently trades futures and option contracts for six major metals: aluminum, copper, lead, nickel, tin, and zinc.
It is important for large Aluminum users watching trends in market pricing and potentially locking up futures contracts to secure firm pricing.
In the distribution market, aluminium extrusion pricing is based on money-of-the-day SMM average.
RAYIWELL MFG Limited is a professional supplier of aluminum plate, aluminum extrusion profiles, and steel coils like galvanized steel, prepainted steel coil, Galvalume steel coils and silicon steel coils. The company RAYIWELL have closely cooperated with big or small mill in China with good price and faster delivery time at highest quality for our customers like you.
Post time: 11月-27-2023