Home / Metal News / Aluminium / Weak demand to extend declines in prices of prebaked anode in Apr
Weak demand to extend declines in prices of prebaked anode in Apr
Mar 25,2019 11:56CST
smm insightprice review forecast
Source:SMM
Prebaked anode stocks at a large aluminium producer currently stand at over 30 days

SHANGHAI, Mar 25 (SMM) – Prices of prebaked anode for commercial use across the Chinese markets are likely to continue to fall in April as demand remains weak.

With sufficient inventories, most aluminium producers purchased prebaked anode cautiously. SMM learned that prebaked anode stocks at a large aluminium producer currently stand at over 30 days.

Meanwhile, carbon producers struggled to lower their inventories of prebaked anode. SMM learned that some carbon producers lowered offers below market prices to attract aluminium producers to buy their cargoes.

Environmental probes continued to be strict after the two sessions. This forced some carbon producers in Shandong and Henan to cut production as they failed to meet emission standards, impacting their output in March.

Some carbon producers slashed production to control costs. Those production cuts, however, are not strong enough to buoy prices of prebaked anode in April.

Prices of prebaked anode failed to find support from the cost front in March, given weakness in prices of petroleum coke and coal tar pitch.

The petroleum coke market will enter a traditional high season in May, which is likely to bolster prices of petroleum coke, giving some support to prices of prebaked anode for commercial use.

Market commentary
Prebaked anode

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news