Thin profits to extend closure of Henan prebaked anode mills post-CNY

Published: Feb 14, 2019 12:05

Save

Except for Songyue Carbon that was farther from urban areas, carbon mills in Zhengzhou were required to shut from Nov

SHANGHAI, Feb 14 (SMM) – As falling prices of prebaked anode eroded profits, suspended producers in the major production area of Zhengzhou, Henan province, said they had no plan to resume production as of Thursday February 14, an SMM survey found.

Except for Songyue Carbon that was farther from the urban areas, carbon mills in Zhengzhou city were required to shut for winter rectification from November. The curbs were mostly slated to end on February 5.

At the end of January, SMM reported that Shandong Weiqiao Group, one of the top alumina producers in China, lowered purchasing prices for prebaked anode by 140 yuan/mt for February after it cut prices by 130 yuan/mt for January.

The decline brought its February's purchasing prices to 3,320 yuan/mt in cash and 3,355 yuan/mt on acceptance.

Market commentary Prebaked anode

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

12 hours ago

LME Aluminum Inventory Down 0.56% on March 16, Continues Monthly Decline

[SMM Aluminum Flash News] On March 16, LME aluminum inventory stood at 442,800 mt, down 2,475 mt from the previous day, a decrease of 0.56%; over the past week, LME aluminum inventory decreased by a cumulative 11,800 mt, a decline of 2.60%; over the past month, LME aluminum inventory decreased by a cumulative 38,700 mt, a decline of 8.04%.

12 hours ago

13 hours ago

Data: SHFE, DCE market movement (Mar 16)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 16 Mar , 2026

13 hours ago

SHFE Aluminum Futures Warrants Surge 91.57% Over Past Month, Up 15.45% in a Week

[SMM Aluminum Bulletin] On March 16, SHFE aluminum futures warrants stood at 387,729 mt, up 25,761 mt from the previous trading day; over the past week, SHFE aluminum futures warrants increased by a cumulative 51,901 mt, up 15.45%; over the past month, SHFE aluminum futures warrants increased by a cumulative 185,334 mt, up 91.57%.

13 hours ago