SMM Is Thrilled to Launch Vietnam Lead Ingot CIF Premium

Published: Mar 17, 2025 13:30

Save

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 to learn more information, please contact: lemonzhao@smm.cn

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

Related News

11 hours ago

Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses

Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.

11 hours ago

"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"

Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.

11 hours ago

Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt

The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.

11 hours ago