[SMM Announcement] Announcement on the Launch of Vietnam Secondary Zinc Oxide Payables (CIF China)

Dear User,

Greetings!

In recent years, the development of the secondary zinc industry has attracted significant attention; however, the domestic supply of secondary zinc oxide has become increasingly tight. In contrast, Southeast Asia boasts abundant resources of secondary zinc oxide raw materials at relatively low prices, which has prompted many Chinese enterprises to establish production facilities in the region, with a considerable number choosing Vietnam. Meanwhile, amid growing uncertainties in international trade, an increasing number of companies are relocating their plants to Vietnam to achieve integrated procurement, production, and sales, gradually forming a market trend. To keep pace with the globalization of international trade and the market development of secondary zinc oxide both domestically and overseas, and to reflect the true price fluctuations of secondary zinc oxide in the global market, SMM plans to launch the Vietnam Secondary Zinc Oxide Payables (CIF China).

The SMM Vietnam secondary zinc oxide Payables (CIF China) is an indicative price formed and published by SMM according to this methodology, which can be used by trading parties as a reference for settling secondary zinc oxide trades from Vietnam. This price reflects the mainstream price of the Vietnam Secondary Zinc Oxide Payables (CIF China) for each month. The price will be officially launched on November 28, 2025, and historical prices can be viewed simultaneously on the SMM website (smm.cn). The price will be published by 18:00 on the last working day of each month.

Price Definition: The mainstream transaction price of Vietnam Secondary Zinc Oxide Payables (CIF China) in actual trades during the month.

Going forward, SMM will continue to monitor changes in the zinc industry chain market, optimize SMM prices, and better serve the industry! For any inquiries regarding the price, please contact Zinc Analyst Hua Lin at 021-20707885; hualin@smm.cn.

SMM Information & Technology Co., Ltd. Zinc Research Team
November 21, 2025