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Home / Metal News / Weiqiao lowers prebaked anode buying price for seven straight months amid oversupply
Weiqiao lowers prebaked anode buying price for seven straight months amid oversupply
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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