SHANGHAI, Jul. 26 (SMM) – Prices for prebaked anode, supplementary material in aluminum smelting, look set to continue rising next month, which will add to aluminum costs, SMM predicts.
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Petroleum coke prices kept rising, which might pass through to prebaked anode prices in August, SMM explained.
The impact on prebaked anode demand from latest production cuts in aluminum market will not be felt for now, SMM noted.
Aluminum Cuts to Add Over 10 Tonnes of Alumina to Spot Market Per Month, SMM Estimates
Prebaked anode supply will remain in shortage this year, also favoring its prices.
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