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SMM CIF Rotterdam 88.5% APT on Kalshi
If the published assessment average price of CIF Rotterdam 88.5% APT (SMM-WU-APT-003) as published by Shanghai Metals Market (SMM) at 8:00 AM ET on Dec 17, 2026 is above $2,250/MTU, then the market resolves to Yes.
Settles on: Shanghai Metals Market - CIF Rotterdam 88.5% APT.
Market says (typical open contract)
96%
Median YES price across 10 open contracts, 10 Nov 2026 09:57 UTC.
Real-world odds
—
No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.
Luck needed meter
8% 😈
All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.
The cover charge
| If you buy at | Fee per contract | On $50 | Win rate to break even |
|---|---|---|---|
| 30¢ | 1.5¢ | $2.45 | 31.5% |
| 50¢ | 1.8¢ | $1.75 | 51.7% |
| 70¢ | 1.5¢ | $1.05 | 71.5% |
| 90¢ | 0.6¢ | $0.35 | 90.6% |
| 96¢ (now) | 0.3¢ | $0.14 | 96.3% |
Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.
Open contracts right now
| Contract | YES price | Implied | Fee at this price | Real-world odds | Luck needed | Volume | Closes |
|---|---|---|---|---|---|---|---|
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,750/MTU on Dec 17, 2026? · Above $1,750/MTU | 98¢ | 98% | 0.2¢ | — | 5% | 83,707 | Dec 17, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $2,000/MTU on Dec 17, 2026? · Above $2,000/MTU | 96¢ | 96% | 0.2¢ | — | 7% | 83,563 | Dec 17, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $2,250/MTU on Dec 17, 2026? · Above $2,250/MTU | 92¢ | 92% | 0.5¢ | — | 15% | 83,530 | Dec 17, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,000/MTU on Jan 7, 2027? · Above $1,000/MTU | 95¢ | 95% | 0.3¢ | — | 10% | 40 | Jan 07, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,500/MTU on Dec 17, 2026? · Above $1,500/MTU | 97¢ | 97% | 0.2¢ | — | 6% | 0 | Dec 17, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,000/MTU on Dec 17, 2026? · Above $1,000/MTU | 97¢ | 97% | 0.2¢ | — | 6% | 0 | Dec 17, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $2,250/MTU on Jan 7, 2027? · Above $2,250/MTU | 88¢ | 88% | 0.8¢ | — | 25% | 0 | Jan 07, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $2,000/MTU on Jan 7, 2027? · Above $2,000/MTU | 94¢ | 94% | 0.4¢ | — | 11% | 0 | Jan 07, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,750/MTU on Jan 7, 2027? · Above $1,750/MTU | 96¢ | 96% | 0.3¢ | — | 8% | 0 | Jan 07, 04:59 UTC |
| Will the CIF Rotterdam 88.5% APT price (SMM-WU-APT-003) be above $1,500/MTU on Jan 7, 2027? · Above $1,500/MTU | 96¢ | 96% | 0.3¢ | — | 8% | 0 | Jan 07, 04:59 UTC |
Who actually wins this market
- Whoever posts the resting orders and collects the spread without paying a fee.
- The venue, on every fee.
- Not, on average, the person clicking buy because the chart is going their way. That was us.
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