Jintuo Technology Plans to Raise Funds to Boost NEV and Robot Parts Capacity

[SMM Aluminum News Flash] After the holiday, China's 97% fluorite powder delivery-to-factory prices continued to edge lower, with mainstream transaction ranges maintained at 3,200–3,500 yuan/mt and notable regional price spreads. Although earlier rises in hydrofluoric acid prices provided sentiment support for fluorite, and delayed resumption of operations at Zhejiang mines along with locally low inventory still offered some support, loose supply combined with sluggish spot trades meant the overall market remained mainly in the doldrums with slight weakness.

[SMM Aluminum News Flash] In the petroleum coke market, refinery maintenance is gradually increasing, delayed coking unit operating rates are pulling back, and domestic petroleum coke supply is expected to tighten marginally. Combined with the post-holiday return to normal market order and the gradual release of downstream stocking and restocking demand at the beginning of the month, the petroleum coke market has short-term support to recover, with prices mainly expected to stop falling and stabilize and move sideways.

[SMM Aluminum News Flash] In the coal tar pitch market, upstream high-temperature coal tar prices continued to decline, significantly weakening cost support. Deep-processing enterprises maintained high operating rates, leading to persistently loose supply. Combined with downstream prebaked anode and other industries pushing for lower prices on rigid demand and insufficient purchasing enthusiasm, both supply and demand sides lacked upward momentum. In the short term, the coal tar pitch price center is likely to remain under pressure, with the market in the doldrums.