MARKET BULLETIN — 04/2026

28 tháng 6, 2026 · 2 min read

Phát hành: 22:32:35 25/4/2026 · Tỷ giá tham chiếu USD/VND: 26.150 (2026-04-25)

3-chain summary

Iron – Steel – Pig Iron

↗ +2.9%

MoM · HRC=F

Non-ferrous Metals

↗ +8.5%

MoM · ALI=F

Code	Commodity	Unit	Current	MoM (%)	QoQ (%)	YoY (%)
PIG_IRON_CIF_VN^*	Pig iron CIF VN	USD/t	512,6	-0.1%	-2.7%	—
TIO=F	Iron ore 62% Fe (TIO)	USD/t	107,10	+2.9%	-2.2%	+8.0%
COKING_HCC_AUS^**	Coking coal HCC Australia	USD/t	228,9	-2.6%	+2.0%	—
HRC=F	Hot-rolled coil (HRC)	USD/short t	1.105,00	+2.9%	+12.6%	+17.4%
ALI=F	Aluminum LME (ALI)	USD/t	3.553,00	+8.5%	+12.9%	+50.6%
HG=F	Copper COMEX (HG)	USD/lb	6,0285	+4.4%	+6.9%	+26.5%

(*) PIG_IRON_CIF_VN = synthetic factor model, tracked since 2026-01-26 → insufficient history for QoQ/YoY.

(**) Coking HCC AUS = weekly quote from Web Search (Argus/Fastmarkets); MoM/QoQ/YoY may be limited at bootstrap.

Iron – Steel – Pig Iron

2026-04-25 · Supply · Australian HCC coking coal is currently $235.0/ton (Argus PLV FOB Australia), up 3.4% from the prior assessment. (Met Coal Intelligence (Argus PLV FOB Australia))
2026-04-25 · Demand · HRC futures increased +5.64% in 7 days, signaling short-term improvement in global steel demand and acting as a positive leading indicator for pig iron. (+3.5%) (Commodity Global)
2026-04-15 · Supply · The US-Iran conflict is disrupting global raw material supply chains, pushing iron ore and coking coal prices higher in March-April 2026. (+2.5%) Source: VSA
2026-04-15 · Demand · Hoa Phat announced Q2/2026 HRC prices at approximately 14,400 VND/kg (~$550/ton), indicating stable domestic steel demand. (+2.0%) (Hòa Phát (HPG))
2026-04-20 · Supply · Brazil's FOB pig iron benchmark is $470/ton for April 2026; actual CIF Vietnam prices are ~$510-520/ton after freight and 1.5% HS 7201 tax. (+1.5%) Source: Steel Market Update

Non-ferrous Metals

2026-04-24 · Supply · Mercuria warns of the largest aluminum supply shock since 2000, driven by severe disruptions in the Gulf region impacting the global bauxite-alumina-ingot chain. (+5.5%) Source: Oilprice.com / Mercuria
2026-04-15 · Demand · Aluminum demand from China's EV and construction sectors has not clearly recovered post-Lunar New Year, with China's March manufacturing PMI weaker than expected. (-2.5%) Source: Reuters / Bloomberg
2026-04-20 · Supply · High electricity costs at aluminum smelting hubs (China, Middle East) are squeezing margins for smaller producers, potentially leading to capacity cuts at some smelters. (+2.0%) Source: Reuters (ước tính thị trường)
2025-12-15 · Supply · Goldman forecasts copper (HG=F) to consolidate around $11,400/ton in 2026, signaling modest industrial metal demand growth and indirectly limiting aluminum's upside. (-1.5%) Source: Goldman Sachs