SMM Is Thrilled to Launch Vietnam Lead Ingot CIF Premium

Published: Mar 17, 2025 13:30

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Dear Users,

In recent years, Southeast Asian countries have been actively promoting the electrification. Vietnam, as one of the countries with the highest motorcycle usage, is also undergoing a transition in short-distance transportation tools, attracting Chinese enterprises to establish local factories, including e-bike and lead-acid battery companies. This has brought expectations for increased lead consumption. It is understood that Vietnam's lead consumption exceeded 200,000 mt in 2024. However, with Vietnam's current lead smelting capacity, it is difficult to meet the rapidly growing demand for lead, resulting in an annual lead ingot import gap of 100,000-150,000 mt. Although most enterprises currently rely on long-term contracts for importing lead ingots into Vietnam, the spot order market is expected to become increasingly active with the commissioning of new factories. To keep pace with the development of Vietnam's lead market and reflect real changes in spot transactions, SMM plans to release the Vietnam Lead Ingot CIF Premium.

The SMM Vietnam Lead Ingot CIF Premium is formed and published by SMM based on its methodology and can be used by trading parties as an indicative price reference for trade settlement of Vietnam lead ingot CIF premiums. This price reflects the spot price range of actual or potentially tradable transactions at the time of publication on each full working day, specifically the Vietnam Lead Ingot CIF Premium. The price has been officially launched on March 17, 2025, and historical prices will be available on the SMM website (smm.cn). The price will be published on each Chinese statutory working day at 11:35 a.m.

Price Definition: CIF to Vietnam, the trade premium of LME-registered lead ingot brands relative to the LME cash price. The main unloading ports for Vietnam lead ingots include Haiphong Port, Quang Ninh Port, and Ho Chi Minh City Port, with enterprises selecting the destination port based on their geographical location.

SMM will continue to monitor changes in the lead industry chain market and optimize SMM prices to better serve the industry! For any questions regarding prices, please contact Lead Analyst Wenming Xia at 021-51666839.

SMM Information & Technology Co., Ltd.
Lead Research Team

March 17, 2025

lead prices lead concentrates

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

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