Weiqiao lowers prebaked anode buying price for seven straight months amid oversupply

Published: Jul 2, 2018 14:58

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Weiqiao Group has lowered its purchasing prices for prebaked anode by 100 yuan/mt for July

SHANGHAI, Jul 2 (SMM) – Weiqiao Group has lowered its purchasing prices for prebaked anode by 100 yuan/mt for July, marking a decline for seven months in a row, SMM learned.

The adjustment brought the prices this month to stand at 3,100 yuan/mt in cash and 3,135 yuan/mt on acceptance, SMM learned.

The July price followed a 190-yuan/mt cut for June amid oversupply in the market.

Market commentary Prebaked anode

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