SMM Announcement on Adjusting the Premium for European Rotterdam P1020A Aluminum Ingot, Duty-Paid

Published: Jan 9, 2026 14:50

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To All Relevant Enterprises and Market Participants: In accordance with the relevant policy requirements of the European Union's Carbon Border Adjustment Mechanism (CBAM), which officially entered its charging phase on January 1, 2026, with aluminum products included in the first batch of covered goods, SMM has decided to adjust the premium price for European Rotterdam P1020A aluminum ingot, duty-paid. This adjustment, approved by the SMM Price Assessment Committee, aims to accurately reflect the actual trade costs in the European aluminum ingot market post-CBAM implementation and to ensure the fairness, timeliness, and reference value of SMM prices. The specific details of the announcement are as follows:

To All Relevant Enterprises and Market Participants:

In accordance with the relevant policy requirements of the European Union's Carbon Border Adjustment Mechanism (CBAM), which officially entered its charging phase on January 1, 2026, with aluminum products included in the first batch of covered goods, SMM has decided to adjust the premium price for European Rotterdam P1020A aluminum ingot, duty-paid. This adjustment, approved by the SMM Price Assessment Committee, aims to accurately reflect the actual trade costs in the European aluminum ingot market post-CBAM implementation and to ensure the fairness, timeliness, and reference value of SMM prices. The specific details of the announcement are as follows:

1. Subject of Price Adjustment

Aluminum P1020A premium, in-whs dp Rotterdam, $/tonne

2. Original Price Definition

In-warehouse Rotterdam, Netherlands, duty-paid, premium on top of LME aluminum cash prices. P1020A or 99.7% Minimum Al purity (Si 0.10% max, Fe 0.20% max). Ingot

3. Adjustment Content

After this adjustment, the SMM European Rotterdam P1020A aluminum ingot premium price, duty-paid, will include costs related to the EU CBAM carbon tariff, comprehensively reflecting the true market value of duty-paid self pick-up P1020A aluminum ingots at the port of Rotterdam after the policy's implementation. Definition：In-warehouse Rotterdam, Netherlands, duty-paid, Inclusive of CBAM costs (effective January 1, 2026) premium on top of LME aluminum cash prices

4. Implementation Date

This adjustment will take effect formally on January 1, 2026.

5. Other Notes

1. This price adjustment strictly follows the general principles of the SMM price assessment methodology, and is comprehensively assessed based on actual market transaction data, carbon tariff collection standards, and industry survey information;

2. For any inquiries or further consultation regarding this price adjustment, please contact via the following methods:

Contacts: Wang Yanchen, Keira

Telephone: 021-20707848; 17862899582

Email: yanchen.wang@smm.cn; yushaoxue@smm.cn

This is hereby announced.

SMM Information & Technology Co., Ltd. (SMM)

January 9, 2026

aluminum price

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.

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