Prebaked Anode Export Orders Surge in Early 2025 with Notable Variations Across Regions

Published: Mar 23, 2025 18:02

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Overall, prebaked anode export orders at the beginning of 2025 performed well, increasing by about one-third compared to the same period last year, with particularly noticeable increases in orders to Indonesia and Canada; however, orders to Malaysia decreased significantly, mainly due to a reduction in demand following an unexpected accident that led to production halts at Malaysian aluminum enterprises. According to SMM, the overall performance of 2025 export orders was excellent, primarily because of new capacity additions and the resumption of some overseas aluminum enterprises, leading to an increase in overall demand. Since Q1, domestic prebaked anode prices have risen substantially, supported by a sharp increase in raw material prices, and overseas order prices have also increased in line with raw material prices. Based on SMM's current understanding, prebaked anode exports in Q1 2025 are expected to be around 550,000 mt.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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