MARKET BULLETIN — 04/2026
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
Price comparison
| 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.
Recent price movement drivers
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