§72 / CN · EU · DE · FR

Đếm ngược CBAM Q2 đến 6/7 — danh mục chuẩn bị 6 tuần cho nhà xuất khẩu Trung Quốc

Giá chứng chỉ CBAM Q2 2026 sẽ công bố ngày 6/7 — còn 38 ngày. Q1 chốt €75,36/tCO₂; hệ số điều chỉnh 2026 là 2,5%, ảnh hưởng sổ sách nhỏ. Nhưng ngày 6/7 có ba con số đáng xem: giá chứng chỉ mới (hợp đồng tương lai EU ETS hiện ở €82-88), liệu hệ số phát thải mặc định của JRC có cập nhật, và liệu khách hàng EU có bắt đầu đưa «dữ liệu phát thải đã xác minh» vào RFQ. Có ví dụ làm việc (nhà máy thép BOF Trung Quốc, 50.000 tấn HRC xuất khẩu/năm) — tác động tiền mặt CBAM tích lũy 2026-2034 là €25 triệu — và danh mục chuẩn bị 6 tuần theo tuần, kết nối với CBAM Cost Estimator của DutyTrade.

2026-05-29 · Tác giả Marcus · 7 phút

CBAM's Q2 2026 certificate price publishes July 6. Thirty-eight days from today.

Q1 set €75.36/tonne CO₂. With this year's 2.5% adjustment factor, the cash impact is small — a tonne of imported steel carries roughly €1 to €4 of CBAM cost. But what publishes July 6 isn't just a single number. The point is how it moves.

Three numbers to watch on July 6

One — the Q2 certificate price itself. The Commission uses the previous quarter's EU ETS auction average. EU ETS futures are currently trading €82 to €88, so Q2 lands most likely in the €80 to €90 range. Above €90 starts to move the dial on Q3-delivery contract pricing even at the 2.5% factor.

Two — whether EU JRC default emission factors get a refresh. CBAM is continuously rebuilding embedded-emissions transparency. A revised default release in early July could lift steel / aluminum / cement embedded intensities by 5% to 10%. Same tonnage, 5-10 pp larger bill.

Three — whether EU buyers start writing "verified emissions data" into RFQs. CBAM's real cost is the data infrastructure, not the duty. EU buyers will begin embedding "can you provide third-party-verified per-tonne emissions" as a sourcing prerequisite from Q3 onward. Chinese exporters who don't prepare don't lose a single order — they lose 2027-onward EU supplier eligibility.

Run your numbers in the CBAM Cost Estimator

DutyTrade's new tool maps directly onto this. Open the calculator, pick your HS scope (steel / aluminum / cement / fertilizers / hydrogen / electricity), enter tonnage and current certificate price (default €75.36, overlay the new July 6 number), and read out the cash-impact curve through 2034 as the adjustment factor ramps to 100%.

A specific example. A Chinese steel mill exports 50,000 tonnes of hot-rolled coil to the EU annually. BOF process, embedded intensity 1.85 tCO₂/tonne. Plug in:

  • 2026 at 2.5% factor: annual CBAM bill ≈ €170,000
  • 2030 at 25% factor: same basis ≈ €1.7 million
  • 2034 at 100% factor: same basis ≈ €6.9 million

Cumulative 2026-2034 CBAM cash outflow ≈ €25 million — which sits inside gross margin and which EU customers will almost certainly demand be passed through.

Six-week prep checklist — week by week

Week 1 (now to June 5): inventory 2025 full-year EU exports by tonnage × HS chapter × plant. Run CBAM Cost Estimator to get the 2026-2034 cash-impact curve. Output: internal board cash-impact memo.

Week 2 (June 6-12): shortlist one or two third-party verified-emissions providers (typical options: TÜV NORD, SGS, Bureau Veritas). Get pricing. Output: verification budget.

Week 3 (June 13-19): engage top three EU buyer procurement teams on 2027-onward verified emissions requirements. Output: buyer requirements document.

Week 4 (June 20-26): launch plant-side embedded emissions data collection — build the table around EU JRC's cradle-to-gate boundary definition. Output: data collection process live.

Week 5 (June 27-July 3): complete the first internal emissions calculation draft, compare against JRC defaults. If actual plant emissions are below the default (Chinese BOF-route producers typically are), the gap is your future CBAM discount — but only verifiable values capture it. Output: internal calc + JRC comparison.

Week 6 (July 4-6): monitor the Q2 certificate price release. Recompute the 2026-2034 curve with the new price in the calculator. Refresh the board memo. Output: post-Q2 impact update.

In one line

CBAM is a free option in 2026 — the bills are small, but so is the window to build the data infrastructure underneath. Plants that build the data foundation one year early have unit CBAM costs 30% to 50% lower than plants scrambling in 2028 (per EU JRC 2024 impact assessment). July 6 isn't a payment day. It's a check-up day.


Today's action steps — three things:

One. Open the CBAM Cost Estimator and run your plant tonnage and HS scope through the 2026-2034 cumulative cash impact projection.

Two. Stand up Week 1 of the checklist (inventory exports by HS × plant) as a project today.

Three. Subscribe to the /updates policy feed — we'll sync the Q2 certificate price to the live feed within two hours of release on July 6.

Figures

Mar 2018
Original §232: 25% steel / 10% Al, metal-content basis
2019-2024
TRQ deals: JP 1.25 Mt · KR 2.63 Mt · EU quota
Feb 2025
Aluminum raised 10% → 25%
Apr 6 2026
Restructure: 50% A-I / 25% I-B / 15% transitional · full customs value
Dec 2027
Annex II 15% transitional carve-out expires
§232 STRUCTURE OVER TIME (CBP guidance · White House proclamations)
Figure 1 — §232 timeline. April 2026 marks the largest single restructure since the original 2018 proclamation.
0%25%50%75%100%🇨🇳 China§122§301§232 (50%)94%Effective ~94%🇯🇵 Japan§122§232 above-quota67%Above 1.25 Mt TRQ — in-quota = 17%🇰🇷 Korea§122§232 above-quota67%Above 2.63 Mt TRQ — in-quota = 17%🇬🇧 UK (95% melt-in-UK)§122§232 UK rate42%Special carve-out (50% ⇒ 25%)🇲🇽 Mexico§232 (full)50%USMCA exempts §122; melt-and-pour in MX/USA required
Figure 2 — Effective duty stack on HS 7208 (hot-rolled flat steel) into the US, by country of origin, post April 6 2026.
AnnexCoverageExamplesRateBasis
I-AArticles made entirely or almost entirely of steel/Al/CuBars, rods, plates, sheets, tubes, pipes, unwrought metal50%Full customs value
I-BDerivative articles with substantial metal contentBicycles, washing machines, prefab structures, wire products25%Full customs value (was: metal content)
IIMetal-intensive industrial / electrical grid equipment (transitional)Transmission towers, transformers, certain wind components15%Full customs value · expires Dec 31, 2027
IIITrade Agreement Partner-origin metal, drawback-eligibleAnnex I-B articles where metal smelted in UK/EU/JP/KR/MX/CAVariesDrawback restored
Figure 3 — §232 classification regime. Sources: April 2 2026 White House proclamation, Annexes I-A / I-B / II / III; CBP CSMS #68253075.