Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

16 MAY 2026 SMM

Positive factors still provide support, but upside room for aluminium prices is limited

2MINS READ

Positive factors

Stock image for referential purposes only

Macro perspective: Overall macro atmosphere leaned warm, with multiple positive factors resonating

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Ex-China, US April CPI data showed surging energy prices drove headline inflation to a three-year high, fuelling expectations for US Fed interest rate hikes within the year. US-Iran negotiations remained volatile, with the Strait of Hormuz continuing in a closed state; US President Trump arrived in Beijing to begin his visit to China, and market risk appetite was relatively positive.

Fundamentals: Domestic-overseas divergence pattern, with high inventory pressure persisting in China

Ex-China, amid the Middle East conflict, overseas aluminium exhibited a rigid supply gap, which drove continued LME destocking. As of this Wednesday, LME inventory decreased by approximately 11,700 tonnes W-o-W to 346,500 tonnes. The LME aluminium Cash-3M premiums structure continued to deepen, with Wednesday's premiums rebounding by USD 24.02 per tonne W-o-W to USD 76.12 per tonne. In China, as of this Thursday, SMM aluminium social inventory was approximately 1.428 million tonnes, destocking by approximately 13,000 tonnes compared to last Friday. The initial destocking boosted market sentiment, but inventory remained at high levels, continuing to weigh on aluminium prices.

Overall, current macro front saw concentrated release of positive factors, the global aluminium rigid supply gap was confirmed, and coupled with initial destocking of domestic aluminium ingot inventory, multiple positive factors provided support for aluminium prices. However, inventory at high levels in China remained the core factor suppressing significant price rallies, and weak spot market transaction performance further limited upside room for aluminium prices. SHFE aluminium's most-traded contract is expected to trade in the range of RMB 24,300-25,000 per tonne next week, while LME aluminium is expected to trade in the range of USD 3,620-3,700 per tonne.

Note: This article has been issued by SMM and has been published by AL Circle with its original information without any modifications or edits to the core subject/data.

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