In recent years, Vietnam, as a rapidly growing aluminum ingot consumption and import market in Southeast Asia, has been attracting increasing attention. As Vietnam's manufacturing sector continues to expand, downstream industries including construction, automotive, electronics, and new energy have seen steadily rising demand for aluminum ingots, and import inquiries and trading activities for aluminum ingots delivered to Vietnam under CIF terms have become increasingly active.
CIF landed transaction prices may fluctuate due to LME aluminum benchmark movements, premium/discount levels, ocean freight costs, insurance fees, destination port conditions, import tariff policies, and negotiations between buyers and sellers. Against this backdrop, the valuation and pricing mechanism for aluminum ingots arriving in the Vietnamese market is receiving growing attention from market participants.
However, the market currently lacks a widely referencable and transparent price benchmark that can accurately reflect the current trading conditions of aluminum ingots CIF Vietnam.
To more precisely capture changes in the Southeast Asian aluminum ingot trade market, meet the growing demand for pricing aluminum ingot imports into Vietnam, and further enhance market transparency, SMM has decided:
Effective September 10, 2026, SMM will officially launch the Vietnam Aluminum Ingot P1020A Premium (CIF).
Details of this price point are as follows:
- Description: Aluminum P1020A Premium, CIF Vietnam, USD/tonne
- Quality: P1020A or 99.7% Minimum Al Purity (Si 0.10% max, Fe 0.20% max). Ingot
- Quantity: Min 200 tonnes
- Definition: CIF Haiphong port, Vietnam, Premium on top of LME Aluminum cash settlement price, qutation period M+0 (M stands for shipment month)
- Timing: Within 4 weeks
- Unit: USD/tonne
- Payment Terms: L/C/TT at sight in USD, or other terms normalized
- Publication: Daily, by 12pm Vietnam Time
- Launch Date: September 10, 2026