Price[SMM Announcement] Announcement on the Addition of "Vietnam SHG Zinc Ingot CIF Premium"
Hello!
In the global zinc downstream consumption landscape, Vietnam is one of the most active and highly market-oriented countries in Southeast Asia for zinc ingot trade. The country has well-established zinc alloy, brass, zinc oxide, die-casting, and galvanizing industries, with zinc consumption maintaining steady growth. At the same time, Vietnam lacks stable large-scale local zinc smelting capacity and relies heavily on imported zinc ingots, with frequent spot transactions that have formed a well-developed CIF delivery trade system.
In regional trade, the Vietnam SHG zinc ingot CIF premium reflects the landed premium level of imported zinc ingots at major Vietnamese ports (such as Haiphong Port and Ho Chi Minh Port). This price point includes shipping and insurance costs and can truly reflect the spot landed price of LME-registered SHG zinc ingots, serving as an important reference indicator for assessing spot market price levels in Southeast Asia and cross-regional trade arbitrage.
However, the market currently lacks a widely referenced and transparent price benchmark that can accurately reflect the current trading conditions of Vietnam SHG zinc ingot CIF. To better capture changes in the Southeast Asian zinc ingot trade market, meet the growing demand for zinc ingot import pricing in Vietnam, and further enhance market transparency, SMM has decided to launch the Vietnam SHG Zinc Ingot CIF Premium starting September 2026, in order to promptly reflect local supply-demand conditions and logistics changes, providing a key reference for participants across the global zinc industry chain.
The specific details of this price are as follows:
Description: Vietnam SHG zinc ingot CIF premium
Quantity: Minimum 100 mt
Definition: CIF Haiphong Port, Ho Chi Minh Port, etc. in Vietnam; premium based on LME zinc ingot spot settlement price; quotation period M+0 (M is the shipment month)
Delivery time: Within 4 weeks
Unit: $/mt
Payment terms: Mutually agreed international trade payment terms, such as letter of credit (LC), telegraphic transfer/cash telegraphic transfer (TT), documents against payment (DP), etc.
Release time: Daily, each trading day, before 12:00 Vietnam time
Release date: September 24, 2026
For any questions or to request the full methodology, please contact: SMM Lead and Zinc Research Team: Han Zhen
Tel: 18753563933
Email: hanzhen@smm.cn