SHANGHAI, Apr 2 (SMM) – Prices of prebaked anode declined for a fourth consecutive month after Weiqiao Group lowered its purchasing price to 3,590 yuan/mt delivered for April, SMM learned.
Following Weiqiao's move, other aluminium enterprises slashed prices by some 300 yuan/mt. Prices are expected to be cut by another 200 yuan/mt in May.
Based on current prices of raw materials, prices of prebaked anode are likely to fall below average costs in May.
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