SMM Prebaked Anode Weekly: Stable Demand Meets Rising Petroleum Coke Costs

Published: Jan 9, 2025 15:11

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[SMM Prebaked Anode Weekly Review: Stable Operation in Prebaked Anode Supply and Demand, Rising Raw Material Petroleum Coke Prices Strengthen Cost Support] During the week, raw material petroleum coke continued to strengthen, boosting the increasing cost of prebaked anodes. According to SMM data, as of January 9, the cost of prebaked anodes in China was 4,321 yuan/mt, up 0.8% from last Thursday. During the week, petroleum coke prices rose slightly due to reduced supply support, and with the Chinese New Year holiday approaching, some enterprises still had minor stockpiling demand. In the short term, petroleum coke prices are expected to rise slightly. Coupled with the stable operation of prebaked anode supply and demand, prebaked anode prices are expected to remain stable in the short term.

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